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
EKA K1.5 EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹11.00L
Fuel Type
Electric
Motor
PMS Motor
Finance
EKA K1.5 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
EKA K1.5 (₹11,00,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹16,361
Calculated on ₹7,70,000 loan at 10% for 5 years.
Down Payment
₹3,30,000
Loan Principal
₹7,70,000
Total Interest
₹2,11,660
Total Cost
₹13,11,660
Cost Breakup
Down Payment
₹3,30,000
Amount paid upfront before finance starts.
Loan
₹7,70,000
Interest
₹2,11,660
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹11,00,000
₹
₹0₹10,00,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,063 and you save ₹63,780 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹16,361) with lowest total interest.
Lender Comparison— ₹7,70,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹15,798 |
SBI | 8.75% | ₹0 | ₹15,891 |
ICICI Bank | 9.1% | ₹3,999 | ₹16,022 |
HDFC Bank | 9.25% | ₹3,500 | ₹16,078 |
Axis Bank | 9.5% | ₹3,500 | ₹16,172 |
* 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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EKA K1.5 Price FAQs
What is the approximate ex-showroom price of the K15 truck in India?
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The approximate ex-showroom price for the K15 truck in India starts from around ₹12.50 Lakhs. This price can vary slightly based on specific configurations and regional taxes.
What factors influence the on-road price of the K15?
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The on-road price of the K15 includes the ex-showroom price plus RTO registration charges, insurance costs, and any applicable state road taxes or optional accessories. These elements collectively determine the final K15 truck cost.
Can you provide an estimated on-road price for the K15 truck in major Indian cities?
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While indicative, the K15 on-road price could be approximately ₹14.00 - ₹14.50 Lakhs in Delhi, ₹14.30 - ₹14.80 Lakhs in Mumbai, and ₹14.10 - ₹14.60 Lakhs in Bangalore. Please consult local dealers for precise figures as these truck prices are subject to change.
Are there financing options available for purchasing the K15 truck?
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Yes, various financial institutions and banks offer attractive financing options and easy EMI schemes for purchasing the K15 truck. Dealers can assist you with understanding these financing solutions for your K15 price.
What is the typical down payment required for the K15?
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The typical down payment for the K15 can range from 15% to 30% of the on-road price, depending on the loan scheme and your credit profile. Lower down payment options might also be available, impacting your overall K15 truck cost.
Does the K15 price include warranty and service packages?
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The standard K15 price usually includes a manufacturer's warranty, and service packages can often be purchased separately or might be offered as part of promotional deals. It's advisable to clarify specific warranty and service package inclusions with your dealer when discussing the K15 truck price.
How does the K15 truck price compare to its competitors in terms of value?
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The K15 truck price is highly competitive within its segment, offering excellent value for money given its robust performance, fuel efficiency, and low maintenance costs. Many consider the K15 a cost-effective investment for long-term profitability.
Is the K15 price subject to change without prior notice?
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Yes, like all automotive products, the K15 price is subject to change based on manufacturing costs, government policies, and market dynamics. It's always best to confirm the latest truck price with an authorized dealer before making a purchase decision.