
Piaggio and SBI will finance three-wheelers in UP at 0% interest under CM Yuva Yojana. Here's the real math, who qualifies, and how to apply first.

Ex-Showroom Price
₹1.25L
Key Specifications
GVW
650 kg
Power
1 hp
Finance
Monthly EMI
₹1,860
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,796 |
SBI | 8.75% | ₹0 | ₹1,806 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,821 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,827 |
Axis Bank | 9.5% | ₹3,500 | ₹1,838 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 2.5 lakhs to 3 lakhs, varying slightly by region, taxes, and chosen accessories. Its a very affordable commercial vehicle.
Generally, it comes in a standard cargo body variant with minor customisation options like canopy or a basic cabin. Simplicity keeps its price competitive.
Many dealerships offer attractive EMI options with low down payments and flexible repayment tenures, making it accessible for small business owners. Financing is straightforward.
It generally holds a good resale value due to its durability, low running costs, and high demand in the used commercial vehicle market. Its a smart investment.
Yes, it typically comes with a standard manufacturer warranty of 1 year or a specific kilometer limit, whichever comes first, offering peace of mind to buyers.
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Finance
Your estimated monthly EMI