Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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
Hooghly Motors Butterfly Classic EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.75L
Fuel Type
Electric
Motor
Electric Motor
Finance
Hooghly Motors Butterfly Classic EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Price will update the EMI estimate
Hooghly Motors Butterfly Classic (₹1,75,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,603
Calculated on ₹1,22,500 loan at 10% for 5 years.
Down Payment
₹52,500
Loan Principal
₹1,22,500
Total Interest
₹33,680
Total Cost
₹2,08,680
Cost Breakup
Down Payment
₹52,500
Amount paid upfront before finance starts.
Loan
₹1,22,500
Interest
₹33,680
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹1,75,000
₹
₹0₹75,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹478 and you save ₹28,680 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,603) with lowest total interest.
Lender Comparison— ₹1,22,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,514 |
SBI | 8.75% | ₹0 | ₹2,529 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,549 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,558 |
Axis Bank | 9.5% | ₹3,500 | ₹2,573 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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Hooghly Motors Butterfly Classic Price FAQs
What factors influence the truck price in India?
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The truck price in India is influenced by several factors, including the brand, model, engine capacity, load carrying capacity, features, emission standards (BS6), and whether it's a new or used vehicle. Taxes and regional subsidies also play a significant role in the final cost.
What is the typical starting truck price for a small commercial vehicle?
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The starting truck price for a small commercial vehicle in India typically ranges from ₹4 lakhs to ₹8 lakhs, depending on the manufacturer and specific model. These cost-effective options are popular among first-time buyers and small businesses looking for an affordable entry into logistics.
How does the engine type affect the truck price?
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Trucks with more powerful and technologically advanced engines, especially those complying with the latest BS6 emission norms, usually come with a higher truck price. Diesel engines generally have a higher initial cost than petrol engines but offer better fuel economy and torque for commercial use.
Are there financing options available for purchasing a truck in India?
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Yes, numerous financing options are available from banks, NBFCs (Non-Banking Financial Companies), and manufacturer-tied finance schemes. These options make purchasing a truck more accessible, often with competitive interest rates and flexible repayment plans tailored for commercial buyers.
What additional costs should I consider beyond the ex-showroom truck price?
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Beyond the ex-showroom truck price, you should budget for RTO registration, insurance, road tax, fitting charges for the load body (if separate), and accessories. These additional costs can add a significant amount to the final on-road price in India, so plan accordingly.
Do heavy-duty trucks have a significantly higher price point?
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Yes, heavy-duty trucks have a considerably higher truck price compared to small commercial vehicles due to their larger engines, robust build, advanced technology, and immense load-carrying capabilities. Prices can range from ₹25 lakhs to over ₹50 lakhs for specific models, reflecting their industrial strength.
How does the 'Butterfly Classic' model from Hooghly Motors compare in price?
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The Hooghly Motors Butterfly Classic model aims to offer a competitive truck price in its segment, focusing on value for money with its features and operational efficiency. For exact pricing and current offers on the Butterfly Classic, it's best to check with a local Hooghly Motors dealer directly.
Can I negotiate the truck price with a dealer?
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While listed prices are generally firm, there can sometimes be room for negotiation, especially on accessories, insurance, or during festive offers. It's always worth discussing financing options and any available discounts with your dealer to get the best possible truck price and value.