
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
₹80.00 K
Key Specifications
GVW
1500 kg
Power
1 hp
Finance
Monthly EMI
₹1,190
| 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.
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Finance
Your estimated monthly EMI