
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.

Truck loan planning
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.25L
Fuel Type
Electric
Motor
1.0 Kw BLDC Motor
Finance
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Price will update the EMI estimate
Credit Score
Auto-adjusts interest rate
Estimated Monthly EMI
₹1,860
Calculated on ₹87,500 loan at 10% for 5 years.
Down Payment
₹37,500
Loan Principal
₹87,500
Total Interest
₹24,100
Total Cost
₹1,49,100
Cost Breakup
₹37,500
Amount paid upfront before finance starts.
₹87,500
₹24,100
Loan inputs
Change down payment, tenure and rate to see the monthly EMI update instantly.
| 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.