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.
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Hooghly Motors Butterfly E-Rickshaw 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 E-Rickshaw 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 E-Rickshaw (₹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
Adjust Loan Details
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 E-Rickshaw Price FAQs
What is the approximate on-road price of the Hooghly Motors Butterfly E Rickshaw in India?
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The on-road price typically ranges from INR 1.00 Lakh to INR 1.50 Lakh, varying by city, variant, and applicable taxes or registration charges.
Are there different variants or models available for the Butterfly E Rickshaw, and how do their prices vary?
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Yes, passenger and cargo variants exist. Passenger models are generally similarly priced, while specific cargo designs or higher capacity batteries might influence cost.
What are the typical EMI options and down payment requirements for purchasing this e-rickshaw?
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EMIs are available, usually requiring a down payment of 20-30%. Loan terms typically range from 1 to 3 years, making it accessible for operators.
What is the expected resale value of the Hooghly Motors Butterfly E Rickshaw after a few years?
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Resale value depends on battery condition, maintenance history, and overall vehicle wear. Well-maintained e-rickshaws generally retain decent value in the second-hand market.
Are there any subsidies or financial schemes available for buying the Hooghly Motors Butterfly E Rickshaw?
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Yes, government schemes like FAME II or state-specific subsidies might be applicable, offering financial incentives to promote electric vehicle adoption, reducing the upfront cost.