
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
₹1.55L
Key Specifications
GVW
300 kg
Power
2 hp
Finance
Monthly EMI
₹2,306
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,227 |
SBI | 8.75% | ₹0 | ₹2,240 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,258 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,266 |
Axis Bank | 9.5% | ₹3,500 | ₹2,279 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from approximately INR 4.5 to 5.5 lakhs, varying by city, RTO charges, insurance costs, and additional accessories chosen by the buyer.
While often a single standard model, minor variants might exist, usually differing by load body type or basic features, with only slight price variations between them.
EMI options are widely available through various financial institutions. Down payments and interest rates largely determine monthly installments over the chosen loan tenure for buyers.
Resale value is generally decent for well-maintained units, reflecting its durability and demand in the used commercial vehicle market, varying by age, condition, and kilometers driven.
Yes, it usually comes with a standard manufacturer's warranty, covering specific components for a certain period or mileage, ensuring initial peace of mind for the owner.
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Finance
Your estimated monthly EMI