
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
₹1.50L
Key Specifications
GVW
400 kg
Power
1 hp
Finance
Monthly EMI
₹2,231
| 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.
News
Prices typically start from around INR 1.20 lakh to 1.80 lakh, varying by city, variant, battery type, and local subsidies available.
Yes, variants exist for passenger and cargo use, with different battery capacities or features. These options directly influence the final price point.
Many dealers offer attractive EMI schemes through financial partners. Down payment and tenure options vary, making it accessible for buyers.
Electric vehicle resale values are evolving. With proper maintenance and battery care, it can hold a reasonable resale value, given the growing EV market.
Typically, the quoted on-road price includes the battery. However, always confirm with the dealer, as some schemes might offer battery on lease.
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Finance
Your estimated monthly EMI