
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 varies by state and city due to different taxes and subsidies. It generally ranges between INR 3.5 lakhs to 4.5 lakhs, making it an affordable electric commercial vehicle option.
It typically comes in a single standard configuration with a flatbed cargo area. However, custom modifications for specific business needs might be possible through local fabricators, depending on requirements.
Attractive EMI options are available from various financial institutions, with flexible tenures and competitive interest rates. A down payment usually around 20-30% is generally required, easing the purchase.
As an electric vehicle, its resale value is still evolving in the Indian market. Good battery health and maintenance will be crucial factors in determining its future depreciation and value retention effectively.
Yes, it often qualifies for FAME II subsidies and state-specific EV policies, significantly reducing the initial purchase cost. Buyers should check current applicable incentives in their region for savings.