
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 ranges from INR 3.0 lakhs to 4.0 lakhs, depending on the variant, battery capacity, and specific vending equipment included.
The on-road price can range from INR 3.5 lakhs to 4.5 lakhs, varying by state taxes, registration fees, and specific optional features or subsidies available.
Yes, variants might include different battery sizes for varied range, customizable interior layouts for vending, or specific refrigeration unit upgrades based on user needs.
Many financial institutions offer EMI plans with flexible tenures. Down payments and interest rates vary based on creditworthiness and current market offerings.
As an electric vehicle, its resale value is still evolving. However, low maintenance and operational costs suggest a decent retention value in the long term.
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Finance
Your estimated monthly EMI