
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
₹80.00 K
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
₹1,190
Calculated on ₹56,000 loan at 10% for 5 years.
Down Payment
₹24,000
Loan Principal
₹56,000
Total Interest
₹15,400
Total Cost
₹95,400
Cost Breakup
₹24,000
Amount paid upfront before finance starts.
₹56,000
₹15,400
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 | ₹1,149 |
SBI | 8.75% | ₹0 | ₹1,156 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,166 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,170 |
Axis Bank | 9.5% | ₹3,500 | ₹1,177 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 5-8 Lakhs, varying by state subsidies, battery capacity options, and specific body configurations chosen by the buyer.
Yes, it usually offers variants based on battery capacity, motor power, and different body types for waste collection, such as open top or compactor options.
EMI options are available through various banks and financial institutions, often with attractive interest rates and flexible tenures, making it accessible for municipal bodies.
Resale value is still evolving for electric commercial vehicles. However, with growing EV adoption, demand for used electric utility vehicles is expected to rise steadily.
Yes, buyers often qualify for significant central and state government subsidies under schemes like FAME-II, which can considerably reduce the effective purchase price.