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 G7s EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.45L
Fuel Type
Electric
Motor
1000W 48V
Finance
Gk Rickshaw Er India G7s 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 G7s (₹1,45,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,157
Calculated on ₹1,01,500 loan at 10% for 5 years.
Down Payment
₹43,500
Loan Principal
₹1,01,500
Total Interest
₹27,920
Total Cost
₹1,72,920
Cost Breakup
Down Payment
₹43,500
Amount paid upfront before finance starts.
Loan
₹1,01,500
Interest
₹27,920
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹1,45,000
₹
₹0₹45,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹32 and you save ₹1,920 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,157) with lowest total interest.
Lender Comparison— ₹1,01,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,083 |
SBI | 8.75% | ₹0 | ₹2,095 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,112 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,120 |
Axis Bank | 9.5% | ₹3,500 | ₹2,132 |
* 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 G7s Price FAQs
What is the approximate on-road price of the Gk Rickshaw Er India G7s in India?
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The on-road price typically ranges from INR 1.5 lakhs to 1.8 lakhs, depending on the city, variant, and applicable taxes and charges.
Are there different variants available for the Gk Rickshaw Er India G7s, and how do their prices differ?
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Usually, petrol and CNG variants are available. CNG models might be slightly more expensive upfront due to the kit, but offer lower running costs.
What are the typical EMI options available for purchasing the Gk Rickshaw Er India G7s?
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EMI options vary, but with a good down payment, monthly installments can range from INR 3,000 to 5,000 over 3-5 years typically.
What is the expected resale value of the Gk Rickshaw Er India G7s after a few years?
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The G7s generally holds good resale value due to its durability, low running costs, and high demand in the used commercial vehicle market.
Does the price include any accessories or standard warranty for the G7s?
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The ex-showroom price usually includes a standard warranty. Accessories like a spare wheel or tool kit are standard, but custom add-ons cost extra.