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
Switch IeV3 EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹12.32L
Fuel Type
Electric
Motor
Permanent Magnet Synchronous Motors (PMSMs)
Finance
Switch IeV3 EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Switch IeV3 (₹12,32,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹18,324
Calculated on ₹8,62,400 loan at 10% for 5 years.
Down Payment
₹3,69,600
Loan Principal
₹8,62,400
Total Interest
₹2,37,040
Total Cost
₹14,69,040
Cost Breakup
Down Payment
₹3,69,600
Amount paid upfront before finance starts.
Loan
₹8,62,400
Interest
₹2,37,040
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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₹12,32,000
₹
₹0₹11,32,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,062 and you save ₹63,720 in total interest.
✓
Recommended: 5 Years
Balances affordable EMI (₹18,324) with lowest total interest.
Lender Comparison— ₹8,62,400 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹17,694 |
SBI | 8.75% | ₹0 | ₹17,798 |
ICICI Bank | 9.1% | ₹3,999 | ₹17,944 |
HDFC Bank | 9.25% | ₹3,500 | ₹18,007 |
Axis Bank | 9.5% | ₹3,500 | ₹18,113 |
* 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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Switch IeV3 Price FAQs
What is the ex-showroom price of the Switch Iev3 Electric in India?
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The ex-showroom price of the Switch Iev3 Electric in India typically starts around ₹14.0 Lakhs to ₹16.0 Lakhs, depending on the specific variant and configuration. This competitive price positions the Iev3 Electric as a strong contender in the electric LCV segment.
What is the approximate on-road price of the Switch Iev3 Electric in major Indian cities like Mumbai or Delhi?
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The approximate on-road price of the Switch Iev3 Electric in major Indian cities like Mumbai or Delhi can range from ₹15.5 Lakhs to ₹18.0 Lakhs, varying with RTO charges, insurance, and state subsidies. For an accurate on-road price, it's best to consult local dealers for the Iev3 Electric.
Are there any government subsidies available for purchasing the Switch Iev3 Electric?
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Yes, purchasers of the Switch Iev3 Electric are eligible for various government subsidies under schemes like FAME-II, which can significantly reduce the effective purchase cost. State-specific EV policies also offer additional subsidies for the Iev3 Electric, varying by region.
What are the available financing options for the Switch Iev3 Electric?
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Various reputable banks and financial institutions offer attractive financing options for the Switch Iev3 Electric, including competitive interest rates and flexible EMI plans. Dealers can assist you in finding the best financing options tailored to your needs for the Iev3 Electric.
How does the price of the Switch Iev3 Electric compare to conventional diesel trucks in its segment?
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While the upfront price of the Switch Iev3 Electric might be slightly higher than some conventional diesel trucks, the long-term operational savings due to lower fuel and maintenance costs make it more economical. The overall Total Cost of Ownership (TCO) for the Iev3 Electric is highly competitive.
What factors contribute to the final price of the Switch Iev3 Electric?
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The final price of the Switch Iev3 Electric is influenced by factors such as battery capacity, charging infrastructure chosen, optional features, and applicable government taxes and subsidies. These elements collectively determine the total price for the Iev3 Electric.
Can I get a detailed price quote for the Switch Iev3 Electric for my specific location, like Bangalore or Chennai?
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Yes, you can get a detailed price quote for the Switch Iev3 Electric for your specific location, such as Bangalore or Chennai, by contacting an authorized Switch Mobility dealership. They will provide an accurate price quote inclusive of local taxes and any applicable state subsidies for the Iev3 Electric.
Is the price of the Switch Iev3 Electric inclusive of battery, or is it a separate cost?
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The stated price of the Switch Iev3 Electric is generally inclusive of the battery, following the industry standard for electric commercial vehicles. This ensures transparency in the overall purchase price for the Iev3 Electric.
Are there any special offers or discounts currently available on the Switch Iev3 Electric price?
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Special offers or discounts on the Switch Iev3 Electric price may be available periodically, especially during festive seasons or promotional campaigns. It's recommended to check with your nearest Switch Mobility dealer for any ongoing schemes on the Iev3 Electric price.