
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
₹1.24L
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
₹1,845
Calculated on ₹86,800 loan at 10% for 5 years.
Down Payment
₹37,200
Loan Principal
₹86,800
Total Interest
₹23,900
Total Cost
₹1,47,900
Cost Breakup
₹37,200
Amount paid upfront before finance starts.
₹86,800
₹23,900
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 | ₹1,781 |
SBI | 8.75% | ₹0 | ₹1,792 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,807 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,813 |
Axis Bank | 9.5% | ₹3,500 | ₹1,823 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 6.5 to 8.0 Lakhs, varying by city, state subsidies, and specific variant chosen for purchase.
Yes, minor variants might exist, primarily differing in battery capacity or loading body options, leading to small price variations accordingly.
EMI options usually start from INR 10,000-15,000 per month with a down payment of 1.5-2 Lakhs, depending on loan tenure and bank terms.
Yes, it often qualifies for FAME-II subsidies and state-specific EV policies, significantly reducing the effective purchase price for buyers.
Electric vehicles generally hold good resale value due to low maintenance and operating costs. Market demand for LCV EVs is also growing steadily.