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.
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Montra Electric Eviator EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹16.11L
Fuel Type
Electric
Motor
PMSM Motor
Finance
Montra Electric Eviator EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Price will update the EMI estimate
Montra Electric Eviator (₹16,11,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹23,961
Calculated on ₹11,27,700 loan at 10% for 5 years.
Down Payment
₹4,83,300
Loan Principal
₹11,27,700
Total Interest
₹3,09,960
Total Cost
₹19,20,960
Cost Breakup
Down Payment
₹4,83,300
Amount paid upfront before finance starts.
Loan
₹11,27,700
Interest
₹3,09,960
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Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹16,11,000
₹
₹0₹15,11,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,063 and you save ₹63,780 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹23,961) with lowest total interest.
Lender Comparison— ₹11,27,700 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹23,137 |
SBI | 8.75% | ₹0 | ₹23,273 |
ICICI Bank | 9.1% | ₹3,999 | ₹23,464 |
HDFC Bank | 9.25% | ₹3,500 | ₹23,547 |
Axis Bank | 9.5% | ₹3,500 | ₹23,684 |
* 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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Montra Electric Eviator Price FAQs
What is the approximate price of the Montra Electric Eviator in India?
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The approximate ex-showroom price of the Montra Electric Eviator in India typically ranges from ₹3.60 Lakhs to ₹4.20 Lakhs. This price can vary based on state subsidies, battery options, and specific variant choices.
What factors influence the final price of the Montra Electric Eviator?
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The final price of the Montra Electric Eviator is influenced by factors like the battery type (e.g., lead-acid vs. lithium-ion), any optional accessories, RTO registration, insurance, and applicable state government subsidies, which significantly reduce the effective purchase price.
What is the estimated price of the Montra Electric Eviator in Delhi?
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In Delhi, the estimated on-road price of the Montra Electric Eviator, factoring in potential subsidies, can be competitive. While exact figures fluctuate, expect it to be around ₹3.75 Lakhs - ₹4.30 Lakhs, depending on the variant and current offers.
How does the price of the Montra Electric Eviator compare to its diesel counterparts?
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The upfront price of the Montra Electric Eviator might be slightly higher than some entry-level diesel 3-wheelers. However, its significantly lower running and maintenance costs offer superior long-term savings, making the total cost of ownership very attractive.
Are there any government subsidies available that affect the price of the Montra Electric Eviator?
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Yes, the price of the Montra Electric Eviator is often eligible for FAME-II subsidies from the central government, along with additional state-specific subsidies in regions promoting electric vehicle adoption. These subsidies can substantially reduce the effective purchase price.
What is the estimated price of the Montra Electric Eviator in Mumbai?
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The estimated on-road price for the Montra Electric Eviator in Mumbai, including state benefits, typically falls within ₹3.80 Lakhs - ₹4.40 Lakhs. Maharashtra offers encouraging policies for electric vehicles.
Can I get financing options for the price of the Montra Electric Eviator?
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Absolutely, most authorized Montra Electric dealerships offer attractive financing options and tie-ups with leading banks and NBFCs for the Montra Electric Eviator. This helps manage the initial purchase price with flexible EMI plans.
What is the estimated price of the Montra Electric Eviator in Bangalore?
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In Bangalore, the estimated on-road price for the Montra Electric Eviator is generally in the range of ₹3.85 Lakhs - ₹4.45 Lakhs. Karnataka also provides incentives for electric commercial vehicles.
Is the Montra Electric Eviator price inclusive of the battery cost, or is battery available on lease?
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Typically, the listed price of the Montra Electric Eviator is inclusive of the battery cost, making it a complete purchase. However, specific lease options for batteries might be available from dealerships in certain regions as an alternative to managing the upfront price.