
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.

Truck loan planning
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.59L
Fuel Type
Electric
Motor
Electric Motor
Finance
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Price will update the EMI estimate
Credit Score
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,365
Calculated on ₹1,11,300 loan at 10% for 5 years.
Down Payment
₹47,700
Loan Principal
₹1,11,300
Total Interest
₹30,600
Total Cost
₹1,89,600
Cost Breakup
₹47,700
Amount paid upfront before finance starts.
₹1,11,300
₹30,600
Loan inputs
Change down payment, tenure and rate to see the monthly EMI update instantly.
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,284 |
SBI | 8.75% | ₹0 | ₹2,297 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,316 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,324 |
Axis Bank | 9.5% | ₹3,500 | ₹2,338 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from Rs. 6.5 Lakhs to Rs. 8.5 Lakhs, varying by city, variant, and applicable taxes and registration charges.
It comes in a few variants, including standard, higher payload, and specialized body options, catering to diverse business requirements and budgets effectively.
Most dealerships offer flexible EMI plans starting from Rs. 10,000 per month, with down payments and tenure varying based on bank and credit score.
Its strong reliability and demand for used commercial vehicles ensure a good resale value, making it a sound long-term investment for businesses.
Depending on state policies and specific initiatives for commercial vehicles, some subsidies or tax benefits might be available. Inquire at your dealership.