
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
₹3.32L
Fuel Type
Electric
Motor
BLDC 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
₹4,938
Calculated on ₹2,32,400 loan at 10% for 5 years.
Down Payment
₹99,600
Loan Principal
₹2,32,400
Total Interest
₹63,880
Total Cost
₹3,95,880
Cost Breakup
₹99,600
Amount paid upfront before finance starts.
₹2,32,400
₹63,880
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 | ₹4,769 |
SBI | 8.75% | ₹0 | ₹4,797 |
ICICI Bank | 9.1% | ₹3,999 | ₹4,836 |
HDFC Bank | 9.25% | ₹3,500 | ₹4,853 |
Axis Bank | 9.5% | ₹3,500 | ₹4,881 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price varies by state, subsidies, and configuration, but it's positioned competitively, often benefiting from government EV incentives, making it an attractive option.
Yes, prices can differ based on battery capacity, body type (e.g., compactor size), and additional features chosen, allowing for customization to specific municipal waste management needs.
Various financing options are available from banks and NBFCs, often with attractive EMI schemes to support municipalities and contractors in adopting electric waste management solutions easily.
While the upfront cost might be higher, government subsidies and significantly lower running and maintenance costs often make it a more economical choice over its entire lifecycle.
Electric vehicles generally have strong long-term value due to lower running costs. The overall lifecycle cost is often better than diesel, with potential for good resale as EV demand grows.