
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
₹64.00 K
Key Specifications
GVW
500 kg
Power
1 hp
Finance
Monthly EMI
₹952
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹920 |
SBI | 8.75% | ₹0 | ₹925 |
ICICI Bank | 9.1% | ₹3,999 | ₹933 |
HDFC Bank | 9.25% | ₹3,500 | ₹936 |
Axis Bank | 9.5% | ₹3,500 | ₹941 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price typically starts from around ₹4.5 lakhs, varying slightly based on location and specific battery configurations chosen by customers.
Yes, it often comes in variants differing in battery capacity, motor power, and loading attachments, allowing customization based on specific user needs and budgets.
The on-road price generally ranges from ₹4.8 lakhs to ₹5.5 lakhs, including RTO, insurance, and any applicable state subsidies, offering competitive pricing.
Banks and NBFCs offer flexible EMI plans with down payments typically starting from 20-30%, making it accessible for small businesses and individual buyers.
As an emerging electric vehicle, the resale value is currently decent, often holding 60-70% of its initial value after 3-4 years, due to low running costs.
Brochure
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Finance
Your estimated monthly EMI