
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
₹1.46L
Key Specifications
GVW
702 kg
Power
1 hp
Finance
Monthly EMI
₹2,172
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,097 |
SBI | 8.75% | ₹0 | ₹2,110 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,127 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,134 |
Axis Bank | 9.5% | ₹3,500 | ₹2,147 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price typically ranges from INR 1.2 lakhs to 1.5 lakhs. This figure can vary based on the city, specific dealer, and any ongoing promotional offers.
Yes, typically there are passenger and cargo variants. Cargo models might be slightly more expensive due to their specialized chassis and loading area, usually a small price increment.
EMI options are flexible. Generally, a down payment of 10-20% is required, with repayment periods extending from 12 to 36 months, depending on financing schemes.
The on-road price usually falls between INR 1.5 lakhs to 1.8 lakhs. This includes RTO registration, insurance, road tax, and other local charges, varying by location.
The Greenrick generally maintains a good resale value, especially with proper battery maintenance. The increasing demand for electric commercial vehicles contributes positively to its market standing.
Brochure
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Finance
Your estimated monthly EMI