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.
Finance
E-Ranger Deluxe EMI Calculator
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E-Ranger Deluxe (₹1,10,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹1,637
Down Payment₹33,000
Loan Principal₹77,000
Total Interest₹21,220
Total Cost₹1,31,220
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Recommended: 5 Years
Balances affordable EMI (₹1,637) with lowest total interest.
Lender Comparison— ₹77,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,580 |
SBI | 8.75% | ₹0 | ₹1,590 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,603 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,608 |
Axis Bank | 9.5% | ₹3,500 | ₹1,618 |
* 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-Ranger Deluxe Price FAQs
What is the on-road price of the E Ranger Deluxe in India?
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The on-road price of the E Ranger Deluxe typically ranges from INR 10 Lakhs to 12 Lakhs, depending on the city, variant, and applicable subsidies.
Are there different variants available for the E Ranger Deluxe?
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Yes, it generally comes in a few variants, possibly differing in battery capacity, load body options, or specific feature sets to meet diverse business needs.
What are the EMI options available for purchasing the E Ranger Deluxe?
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Most dealerships offer flexible EMI plans through various financial institutions, with down payments and tenure options tailored to customer requirements conveniently.
What is the estimated resale value of the E Ranger Deluxe?
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Being an electric vehicle, its resale value is expected to remain strong due to lower running costs and growing demand for commercial EVs in India.
Are there any government subsidies available for buying the E Ranger Deluxe electric truck?
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Yes, buyers can often avail state and central government subsidies under schemes like FAME II, significantly reducing the effective purchase price for buyers.
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Finance
E-Ranger Deluxe EMI
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