
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
299 kg
Power
2 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
The estimated on-road price generally ranges from INR 6.5 to 7.5 lakhs, varying based on city, state taxes, and specific dealer offers and options.
Typically, it comes in a standard deck variant, but some regional modifications or additional body options might be available through authorized dealers to suit specific needs.
Buyers can expect EMI options starting from approximately INR 12,000-15,000 per month for a 5-year loan, subject to down payment, interest rates, and financial institution.
It generally holds a decent resale value due to its robust build and demand for reliable commercial vehicles, making it a good investment for businesses.
Factors include ex-showroom price, RTO registration, insurance, road tax, and any optional accessories or extended warranties chosen by the buyer and local levies.
Brochure
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Finance
Your estimated monthly EMI