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
Electeca Express EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.65L
Fuel Type
Electric
Motor
60V 800W BLDC
Finance
Electeca Express EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Electeca Express (₹1,65,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,455
Calculated on ₹1,15,500 loan at 10% for 5 years.
Down Payment
₹49,500
Loan Principal
₹1,15,500
Total Interest
₹31,800
Total Cost
₹1,96,800
Cost Breakup
Down Payment
₹49,500
Amount paid upfront before finance starts.
Loan
₹1,15,500
Interest
₹31,800
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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₹1,65,000
₹
₹0₹65,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹330 and you save ₹19,800 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,455) with lowest total interest.
Lender Comparison— ₹1,15,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,370 |
SBI | 8.75% | ₹0 | ₹2,384 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,404 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,412 |
Axis Bank | 9.5% | ₹3,500 | ₹2,426 |
* 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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Electeca Express Price FAQs
What is the ex-showroom Electeca Express price in India?
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The ex-showroom Electeca Express price in India starts from approximately ₹13.5 Lakhs, varying slightly based on specific configurations and regional taxes. This upfront investment is offset by substantial long-term savings on fuel and maintenance.
What is the on-road Electeca Express price in major cities like Delhi or Mumbai?
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The on-road Electeca Express price in Delhi typically ranges from ₹14.5 - ₹15.0 Lakhs, while in Mumbai, it might be slightly higher at ₹14.8 - ₹15.3 Lakhs, depending on RTO charges, insurance, and state subsidies. We recommend contacting your local dealer for the most accurate quote.
Are there any government subsidies available that reduce the Electeca Express truck price?
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Yes, the Electeca Express is eligible for various government subsidies under schemes like FAME-II, which can significantly reduce the effective purchase price, making electric truck ownership more accessible. Eligibility criteria and subsidy amounts vary by state, so check local policies.
How does the Electeca Express price compare to a similar diesel truck?
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While the initial Electeca Express price is generally higher than comparable diesel trucks, the long-term total cost of ownership is substantially lower due to reduced fuel expenses (electricity vs. diesel) and lower maintenance needs. This makes it a more economical choice over its lifespan.
What are the financing options available for purchasing the Electeca Express?
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We offer flexible financing options for the Electeca Express through partnerships with leading banks and financial institutions, providing competitive interest rates and tailored loan schemes to suit your business requirements. Our dealerships can assist you with the application process.
What is the estimated total cost of ownership (TCO) for the Electeca Express?
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The total cost of ownership (TCO) for the Electeca Express is remarkably low, primarily driven by minimal electricity costs compared to diesel, fewer moving parts leading to lower maintenance, and potential government incentives. This makes the Electeca Express a smart financial investment.
Does the Electeca Express price include the battery, or is it leased separately?
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The standard Electeca Express price includes the battery pack, ensuring a straightforward purchase without the complexities of separate battery leasing models. This comprehensive pricing offers complete ownership from day one.
What is the waiting period after booking the Electeca Express and what is the booking amount?
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The typical waiting period for the Electeca Express can vary from 4 to 8 weeks depending on demand and location, and the booking amount is usually a refundable token payment of around ₹25,000 to ₹50,000. Your dealership will confirm the exact booking amount and delivery timeline.