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.
Finance
Gk Rickshaw Heavy 100 EMI Calculator
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Gk Rickshaw Heavy 100 (₹1,75,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹2,603
Down Payment₹52,500
Loan Principal₹1,22,500
Total Interest₹33,680
Total Cost₹2,08,680
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Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹478 and you save ₹28,680 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,603) with lowest total interest.
Lender Comparison— ₹1,22,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,514 |
SBI | 8.75% | ₹0 | ₹2,529 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,549 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,558 |
Axis Bank | 9.5% | ₹3,500 | ₹2,573 |
* 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 Heavy 100 Price FAQs
What is the approximate on-road price of the Gk Rickshaw Heavy 100 in India?
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The Gk Rickshaw Heavy 100 on-road price typically varies based on city, taxes, and specific dealer offers. It is positioned competitively in its segment.
Are there different variants available for the Gk Rickshaw Heavy 100?
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Yes, the Gk Rickshaw Heavy 100 is often available in a few variants, possibly offering different load capacities or deck sizes to suit diverse business requirements.
What are the typical EMI options available for purchasing the Gk Rickshaw Heavy 100?
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Flexible EMI options are generally available through various banks and financial institutions, making it easier to finance the purchase with manageable monthly installments.
What is the resale value like for the Gk Rickshaw Heavy 100 in the used market?
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The Gk Rickshaw Heavy 100 typically commands a good resale value due to its strong market demand, proven reliability, and low maintenance reputation in India.
Does the Gk Rickshaw Heavy 100 offer good value for its price point?
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Owners widely agree that the Gk Rickshaw Heavy 100 provides excellent value, balancing its robust performance, fuel efficiency, and long-term operational cost savings.
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Gk Rickshaw Heavy 100 Brochure
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Finance
Gk Rickshaw Heavy 100 EMI
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