
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.

Ex-Showroom Price
₹1.85L
Key Specifications
GVW
850 kg
Power
5 Hp
Finance
Monthly EMI
₹2,752
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,657 |
SBI | 8.75% | ₹0 | ₹2,673 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,695 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,704 |
Axis Bank | 9.5% | ₹3,500 | ₹2,720 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price typically ranges from 1.5 to 2.5 Lakhs INR, with on-road prices varying slightly based on state taxes and registration.
Yes, it often comes with various customization options for the food preparation area, equipment, and branding, suiting diverse vendor needs effectively.
EMI options are available from various banks, usually requiring a down payment of 20-30% of the vehicle cost, making it accessible for small businesses.
Electric vehicles generally hold good resale value due to low running costs and increasing demand, though it depends on battery health and overall condition.
Yes, many states offer subsidies and tax benefits for electric vehicles, which can significantly reduce the effective purchase price for buyers.
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Finance
Your estimated monthly EMI