Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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.
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Gk Rickshaw Er India G7 EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.50L
Fuel Type
Electric
Motor
1000W 48V
Finance
Gk Rickshaw Er India G7 EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Gk Rickshaw Er India G7 (₹1,50,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,231
Calculated on ₹1,05,000 loan at 10% for 5 years.
Down Payment
₹45,000
Loan Principal
₹1,05,000
Total Interest
₹28,860
Total Cost
₹1,78,860
Cost Breakup
Down Payment
₹45,000
Amount paid upfront before finance starts.
Loan
₹1,05,000
Interest
₹28,860
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Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹1,50,000
₹
₹0₹50,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹106 and you save ₹6,360 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,231) with lowest total interest.
Lender Comparison— ₹1,05,000 · 5 yr · 10% base
| 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.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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Gk Rickshaw Er India G7 Price FAQs
What is the approximate on-road price of the Gk Rickshaw Er India G7 in India?
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The on-road price for the Gk Rickshaw Er India G7 varies across regions due to taxes and registration charges. It generally falls within a competitive range for its segment.
Are there different variants of the Gk Rickshaw Er India G7 available?
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Yes, the G7 is often available in a few variants, possibly differing in load body size, engine options, or minor features, catering to diverse business needs.
What are the EMI options available for purchasing the Gk Rickshaw Er India G7?
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Most dealerships offer flexible EMI options and financing schemes through various banks and financial institutions, making the G7 accessible for small businesses.
What is the expected resale value of the Gk Rickshaw Er India G7?
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The G7 generally holds a good resale value due to its durability, reliability, and demand in the used commercial vehicle market, making it a sound investment.
What factors affect the Gk Rickshaw Er India G7s on-road price?
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On-road price is influenced by ex-showroom price, RTO registration, insurance, state road tax, and any optional accessories or extended warranties chosen.