
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
₹1.10L
Key Specifications
GVW
850 kg
Power
1 hp
Finance
Monthly EMI
₹1,637
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,580 |
SBI | 8.75% | ₹0 | ₹1,590 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,603 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,608 |
Axis Bank | 9.5% | ₹3,500 | ₹1,618 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price typically ranges from INR 3.5 lakhs to 4.5 lakhs, depending on variant and battery capacity, making it an affordable entry into electric commercial vehicles.
Yes, typically there are variants based on battery capacity or payload, offering slightly different ranges or load-carrying capabilities to suit diverse business needs.
EMI options vary. With a typical down payment, monthly installments could range from INR 7,000 to 10,000 over 3-5 years, subject to financial institution terms.
As the EV market grows, electric commercial vehicles are expected to retain good resale value, especially given their low running costs and increasing demand for clean transport.
Yes, buyers often qualify for state and central government subsidies under schemes like FAME II, significantly reducing the effective purchase price and promoting EV adoption.
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Finance
Your estimated monthly EMI