
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
₹1.00L
Key Specifications
GVW
450 kg
Power
1 hp
Finance
Monthly EMI
₹1,488
| 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 ex-showroom price typically starts from approximately INR 7.5 lakhs to INR 9.5 lakhs, varying based on battery capacity and specific configurations available.
The on-road price usually ranges from INR 8.0 lakhs to INR 10.5 lakhs. This includes registration, insurance, and state-specific subsidies, which can vary regionally.
Yes, it often comes in different variants based on battery pack size, load body type (e.g., open deck, closed container), and specific features or accessory packages.
EMI options are available from various banks and financial institutions, often with down payments starting from 15-20% and repayment tenures up to five years, subject to credit.
As the electric commercial vehicle market evolves, resale values are still establishing. However, its low maintenance and operational costs suggest a potentially stable resale market in future.
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Finance
Your estimated monthly EMI