
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
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.00L
Fuel Type
Electric
Motor
BLDC Motor
Finance
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Price will update the EMI estimate
Credit Score
Auto-adjusts interest rate
Estimated Monthly EMI
₹1,488
Calculated on ₹70,000 loan at 10% for 5 years.
Down Payment
₹30,000
Loan Principal
₹70,000
Total Interest
₹19,280
Total Cost
₹1,19,280
Cost Breakup
₹30,000
Amount paid upfront before finance starts.
₹70,000
₹19,280
Loan inputs
Change down payment, tenure and rate to see the monthly EMI update instantly.
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,437 |
SBI | 8.75% | ₹0 | ₹1,445 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,457 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,462 |
Axis Bank | 9.5% | ₹3,500 | ₹1,471 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 1.5 lakhs to 2.5 lakhs, varying by city, specific variant, battery capacity, and any applicable state subsidies for electric vehicles.
Yes, variants often differ by battery capacity, cargo body type (e.g., open, closed), and payload capacity, leading to slight price variations reflecting features and capabilities.
Most dealers offer flexible EMI options through various financial institutions. Down payments and interest rates vary based on borrower profile and chosen loan tenure for affordability.
Electric vehicle resale values are evolving. While newer, their lower running costs and increasing demand for green transport suggest a decent long-term resale potential in the market.
Yes, several state governments and the FAME II scheme offer subsidies for electric vehicles like the E Cart, significantly reducing the effective purchase price for buyers.