
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
₹1.50L
Key Specifications
GVW
682 kg
Power
2 hp
Finance
Monthly EMI
₹2,231
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,155 |
SBI | 8.75% | ₹0 | ₹2,167 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,185 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,193 |
Axis Bank | 9.5% | ₹3,500 | ₹2,206 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 4.5 lakhs to 5.5 lakhs, varying based on city, taxes, and specific dealer offers. It is a cost-effective solution.
Generally, it comes in a standard configuration for waste collection, though minor customization options for the loading body might be available from dealers or fabricators locally.
Many dealerships offer flexible EMI plans with down payment options and varying tenure, making it accessible for small businesses and municipal corporations to finance easily.
Given its demand in the waste management sector and robust build, it generally holds decent resale value, particularly if well-maintained and serviced regularly by owners.
Factors include state RTO charges, insurance costs, local taxes, optional accessories, and specific dealership promotions, all contributing to the final on-road price effectively.
Brochure
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Finance
Your estimated monthly EMI