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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Euler Motors HiLoad EV EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹4.32L
Fuel Type
Electric
Motor
LV AC PMSM
Finance
Euler Motors HiLoad EV 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
Euler Motors HiLoad EV (₹4,32,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹6,426
Calculated on ₹3,02,400 loan at 10% for 5 years.
Down Payment
₹1,29,600
Loan Principal
₹3,02,400
Total Interest
₹83,160
Total Cost
₹5,15,160
Cost Breakup
Down Payment
₹1,29,600
Amount paid upfront before finance starts.
Loan
₹3,02,400
Interest
₹83,160
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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₹4,32,000
₹
₹0₹3,32,000
%
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 (₹6,426) with lowest total interest.
Lender Comparison— ₹3,02,400 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹6,205 |
SBI | 8.75% | ₹0 | ₹6,241 |
ICICI Bank | 9.1% | ₹3,999 | ₹6,293 |
HDFC Bank | 9.25% | ₹3,500 | ₹6,315 |
Axis Bank | 9.5% | ₹3,500 | ₹6,351 |
* 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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Euler Motors HiLoad EV Price FAQs
What is the ex-showroom price of the Euler Motors Hiload EV in India?
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The ex-showroom price of the Euler Motors Hiload EV in India typically starts from approximately ₹4.32 Lakhs to ₹4.50 Lakhs, depending on the variant and state-specific subsidies. This competitive price makes it an attractive option for EV adoption in commercial fleets.
What is the estimated on-road price of the Hiload EV in Delhi?
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The estimated on-road price of the Hiload EV in Delhi, after factoring in RTO, insurance, and potential FAME-II subsidies, could range from approximately ₹4.20 Lakhs to ₹4.80 Lakhs. Actual price may vary, so always confirm with a local dealer.
How much does the Euler Hiload EV price vary across different cities like Bangalore or Mumbai?
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The Euler Hiload EV price can vary across cities due to different state subsidies, RTO charges, and local dealer margins. For example, the on-road price in Bangalore might be around ₹4.30 - ₹4.90 Lakhs, and in Mumbai, ₹4.25 - ₹4.85 Lakhs.
Are there any subsidies or incentives that reduce the Euler Motors Hiload EV price?
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Yes, the Euler Motors Hiload EV price can be significantly reduced by central government incentives like FAME-II subsidies and various state-level EV policies. These schemes aim to make electric commercial vehicles more affordable and encourage adoption.
What is included in the Hiload EV's price?
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The ex-showroom Hiload EV's price typically includes the vehicle and battery, while the on-road price adds charges like RTO registration, insurance, road tax, and any optional accessories or extended warranties. It generally does not include charging infrastructure installation.
Is the Euler Hiload EV price worth the investment compared to diesel vehicles?
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Yes, the Euler Hiload EV price, despite potentially being higher initially, offers substantial long-term savings due to extremely low running costs and minimal maintenance, making it a highly worthwhile investment. Its cost per km is significantly lower than diesel alternatives.
Can I get financing options for the Euler Motors Hiload EV price?
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Yes, various banks and financial institutions offer attractive financing options and loan schemes for the Euler Motors Hiload EV price. Many dealers also have tie-ups to facilitate easy financing for buyers, making the purchase accessible.
What is the price of the Euler Hiload EV in Chennai or Hyderabad?
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The on-road price for the Euler Hiload EV in Chennai might be around ₹4.25 - ₹4.95 Lakhs, and in Hyderabad, it could be similar, approximately ₹4.20 - ₹4.85 Lakhs. It's always best to check with a local dealer for the exact price as it includes state-specific charges.
Does the battery come with a separate warranty or is it included in the overall Hiload EV price?
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The battery is an integral part of the Hiload EV and its warranty is typically included in the overall vehicle purchase, implicitly covered by the manufacturer's warranty terms. This ensures peace of mind regarding the battery's longevity and performance.