
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.

Ex-Showroom Price
₹2.60L
Key Specifications
GVW
831 kg
Power
11.47 HP
Finance
Monthly EMI
₹3,867
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹3,735 |
SBI | 8.75% | ₹0 | ₹3,756 |
ICICI Bank | 9.1% | ₹3,999 | ₹3,787 |
HDFC Bank | 9.25% | ₹3,500 | ₹3,801 |
Axis Bank | 9.5% | ₹3,500 | ₹3,823 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from Rs 2.50 Lakh to Rs 3.00 Lakh, varying based on the city, state taxes, RTO charges, and dealer discounts.
It usually comes in cargo and passenger variants. Cargo variants may have slight price differences based on fuel type (CNG/LPG/Diesel). Specific Ht Dx is a particular cargo model.
EMI options are readily available through banks and financial institutions, with down payments starting from 20-30% and repayment tenures up to 3-5 years, making it accessible.
The Piaggio Ape models generally hold good resale value due to their high demand, reliability, and low operating costs. Well-maintained vehicles fetch better prices.
No, the mentioned ex-showroom price does not include insurance, RTO registration, road tax, and other accessory charges. The on-road price covers these additional costs.
Brochure
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Finance
Your estimated monthly EMI