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.
Finance
Mahindra e-Alfa Super EMI Calculator
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Mahindra e-Alfa Super (₹1,78,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹2,648
Down Payment₹53,400
Loan Principal₹1,24,600
Total Interest₹34,280
Total Cost₹2,12,280
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₹1,00,000₹1,78,000
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Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹523 and you save ₹31,380 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,648) with lowest total interest.
Lender Comparison— ₹1,24,600 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,557 |
SBI | 8.75% | ₹0 | ₹2,572 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,593 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,602 |
Axis Bank | 9.5% | ₹3,500 | ₹2,617 |
* 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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Mahindra e-Alfa Super Price FAQs
What is the estimated on-road price of the Mahindra E Alfa Super in India?
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The on-road price for the Mahindra E Alfa Super typically ranges from INR 1.50 Lakhs to INR 1.60 Lakhs, varying by state and subsidies.
Are there different variants or configurations available for the E Alfa Super?
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Currently, the E Alfa Super primarily comes in a single standard cargo variant, focusing on its core utility as an electric three-wheeler.
What are the typical EMI options and finance schemes available for purchasing the E Alfa Super?
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Various banks and financial institutions offer attractive EMI schemes with flexible tenure, making ownership affordable for small business owners and entrepreneurs.
Does the Mahindra E Alfa Super qualify for any government subsidies or incentives?
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Yes, it often qualifies for FAME II subsidies and state-level EV incentives, significantly reducing the effective purchase price for eligible buyers.
What can one expect regarding the resale value of the Mahindra E Alfa Super?
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Being an electric vehicle, its resale value is emerging. Low running costs and increasing demand for EVs suggest a potentially good resale market in the future.
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Mahindra e-Alfa Super EMI
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