
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
₹3.45L
Key Specifications
GVW
792 kg
Power
8.9 KW
Finance
Monthly EMI
₹5,132
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹4,955 |
SBI | 8.75% | ₹0 | ₹4,984 |
ICICI Bank | 9.1% | ₹3,999 | ₹5,025 |
HDFC Bank | 9.25% | ₹3,500 | ₹5,043 |
Axis Bank | 9.5% | ₹3,500 | ₹5,072 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price generally ranges from INR 3.5 lakhs to 3.8 lakhs, varying by state subsidies, RTO charges, and dealer-specific offers.
It primarily comes in a single cargo variant, though customization options for the loading bay or specific body types might be available from dealers.
EMI options typically start from around INR 7,000 per month with a down payment of 20-30%, depending on the loan tenure and interest rates.
As an emerging segment, the resale value is still evolving, but electric vehicles generally retain good value due to their lower running and maintenance costs.
Yes, several state governments and the FAME II scheme offer subsidies and incentives, significantly reducing the effective purchase price for buyers.
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Finance
Your estimated monthly EMI