
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
₹1.99L
Key Specifications
GVW
1500 kg
Power
1 hp
Finance
Monthly EMI
₹2,960
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,858 |
SBI | 8.75% | ₹0 | ₹2,875 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,899 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,909 |
Axis Bank | 9.5% | ₹3,500 | ₹2,926 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 3.5 to 5 Lakhs, depending on the state, specific variant, battery capacity, and any applicable local subsidies.
Yes, usually variations exist in battery capacity, motor power, and the design of the garbage collection bin, allowing customization to specific municipal needs.
Many financial institutions offer competitive EMI schemes for commercial EVs, with repayment periods typically ranging from 3 to 5 years, subject to credit assessment.
Resale value for commercial EVs in India is still evolving, largely dependent on battery health, maintenance history, and government policies concerning electric vehicles.
Yes, it often qualifies for FAME II and various state-specific EV subsidies, which can significantly reduce the upfront purchase cost, making it more affordable.
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Finance
Your estimated monthly EMI