Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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
E-Ashwa E Rickshaw EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.60L
Fuel Type
Electric
Motor
900-1000w High Power Motor
Finance
E-Ashwa E Rickshaw EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
E-Ashwa E Rickshaw (₹1,60,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,380
Calculated on ₹1,12,000 loan at 10% for 5 years.
Down Payment
₹48,000
Loan Principal
₹1,12,000
Total Interest
₹30,800
Total Cost
₹1,90,800
Cost Breakup
Down Payment
₹48,000
Amount paid upfront before finance starts.
Loan
₹1,12,000
Interest
₹30,800
Share Your EMI
Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹1,60,000
₹
₹0₹60,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹255 and you save ₹15,300 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,380) with lowest total interest.
Lender Comparison— ₹1,12,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,298 |
SBI | 8.75% | ₹0 | ₹2,312 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,331 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,339 |
Axis Bank | 9.5% | ₹3,500 | ₹2,353 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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E-Ashwa E Rickshaw Price FAQs
What is the approximate price of the E Ashwa E Rickshaw in India?
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The approximate ex-showroom price for a new E Ashwa E Rickshaw in India generally ranges from INR 1.00 Lakh to INR 1.30 Lakh. The final on-road price can vary based on specific model variants, battery type, and local taxes.
What factors influence the on-road price of the E Ashwa E Rickshaw?
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The on-road price of the E Ashwa E Rickshaw is influenced by ex-showroom cost, RTO registration charges, insurance, state subsidies, and any optional accessories. These elements contribute to the final price buyers pay.
Is there any government subsidy available that can reduce the price of the E Ashwa E Rickshaw?
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Yes, central and state governments often offer subsidies under schemes like FAME-II for electric vehicles, which can significantly reduce the effective purchase price of the E Ashwa E Rickshaw. It's advisable to check current schemes in your specific state.
What is the estimated E Ashwa E Rickshaw price in Mumbai?
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In Mumbai, the on-road price for an E Ashwa E Rickshaw typically ranges from INR 1.15 Lakh to INR 1.45 Lakh, factoring in local taxes, registration, and potential state subsidies. This Mumbai price can vary by dealer and model features.
How does the E Ashwa E Rickshaw price compare in Delhi?
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The E Ashwa E Rickshaw price in Delhi is generally competitive, often falling within an on-road range of INR 1.10 Lakh to INR 1.40 Lakh, sometimes lower due to stronger EV incentives. Delhi's favorable EV policies can make the effective price attractive.
Can I get financing options for the E Ashwa E Rickshaw price?
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Yes, most dealers for the E Ashwa E Rickshaw offer attractive financing options through various banks and NBFCs, allowing you to pay the price in easy EMIs. Flexible loan terms are usually available to suit different budgets.
What is the approximate E Ashwa E Rickshaw price in Bangalore?
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In Bangalore, the on-road price for an E Ashwa E Rickshaw typically starts from around INR 1.20 Lakh and can go up to INR 1.50 Lakh. This Bangalore price includes all applicable state taxes and RTO charges.
Does the battery type affect the overall E Ashwa E Rickshaw price?
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Yes, the battery type significantly affects the overall E Ashwa E Rickshaw price; models with advanced Li-ion batteries are generally more expensive than those with lead-acid batteries. While the upfront price is higher, Li-ion offers longer life and better performance.
What is the E Ashwa E Rickshaw price in Kolkata?
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The E Ashwa E Rickshaw price in Kolkata generally ranges from INR 1.10 Lakh to INR 1.40 Lakh on-road, with variations depending on the model and specific dealer offers. Kolkata's market has seen growing adoption of such eco-friendly transport, impacting the regional price.