
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
₹1.30L
Key Specifications
GVW
800 kg
Power
1 hp
Finance
Monthly EMI
₹1,934
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,868 |
SBI | 8.75% | ₹0 | ₹1,878 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,894 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,901 |
Axis Bank | 9.5% | ₹3,500 | ₹1,912 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price typically ranges from Rs 1.25 Lakh to Rs 1.75 Lakh, depending on the variant and battery configuration.
On-road prices can range from Rs 1.50 Lakh to Rs 2.00 Lakh, including registration, insurance, and local taxes, varying by city.
Yes, there might be variants with different battery capacities, motor powers, or cargo bed configurations to suit varied commercial needs.
EMI options are available from various banks and NBFCs, usually requiring a down payment of 20-30% of the vehicle cost.
Resale value depends on battery health, maintenance, and overall condition. Electric vehicles generally maintain good value if batteries are well cared for.
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Finance
Your estimated monthly EMI