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
Piaggio Ape Auto Plus EMI Calculator
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Piaggio Ape Auto Plus (₹2,07,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹3,079
Down Payment₹62,100
Loan Principal₹1,44,900
Total Interest₹39,840
Total Cost₹2,46,840
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₹1,00,000₹2,07,000
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₹0₹1,07,000
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1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹954 and you save ₹57,240 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹3,079) with lowest total interest.
Lender Comparison— ₹1,44,900 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,973 |
SBI | 8.75% | ₹0 | ₹2,991 |
ICICI Bank | 9.1% | ₹3,999 | ₹3,015 |
HDFC Bank | 9.25% | ₹3,500 | ₹3,026 |
Axis Bank | 9.5% | ₹3,500 | ₹3,044 |
* 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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Piaggio Ape Auto Plus Price FAQs
What is the approximate on-road price of the Piaggio Ape Auto Plus in India?
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The on-road price typically ranges from Rs 2.5 lakh to Rs 3.5 lakh, varying by city, fuel type, and specific variant chosen.
What are the different variants available for the Piaggio Ape Auto Plus?
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It's primarily available in different fuel variants like Diesel, CNG, and LPG, with minor differences in payload capacity and features.
What kind of EMI options are available for purchasing the Piaggio Ape Auto Plus?
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Many banks and financial institutions offer attractive EMI schemes with flexible tenure options, making it easier for buyers to finance their purchase.
Does the Piaggio Ape Auto Plus hold a good resale value in the Indian market?
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Yes, due to its reliability, low running costs, and strong demand, the Piaggio Ape Auto Plus generally maintains a good resale value.
Are there any additional costs associated with owning a Piaggio Ape Auto Plus beyond the purchase price?
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Besides the purchase price, consider costs like insurance, registration, regular maintenance, and fuel, which are standard for any commercial vehicle.
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Piaggio Ape Auto Plus EMI
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