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.
Piaggio Ape City Metro
Ex-Showroom Price
₹2.22L
Key Specifications
GVW
780 kg
Power
6.90 kW
Finance
Piaggio Ape City Metro EMI Calculator
Select Variant
Piaggio Ape City Metro (₹2,22,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹3,302
Down Payment₹66,600
Loan Principal₹1,55,400
Total Interest₹42,720
Total Cost₹2,64,720
Share Your EMI
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₹1,00,000₹2,22,000
₹
₹0₹1,22,000
%
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.
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Recommended: 5 Years
Balances affordable EMI (₹3,302) with lowest total interest.
Lender Comparison— ₹1,55,400 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹3,189 |
SBI | 8.75% | ₹0 | ₹3,208 |
ICICI Bank | 9.1% | ₹3,999 | ₹3,234 |
HDFC Bank | 9.25% | ₹3,500 | ₹3,245 |
Axis Bank | 9.5% | ₹3,500 | ₹3,264 |
* 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 City Metro Price FAQs
What is the approximate on-road price of the Piaggio Ape City Metro in India?
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The on-road price for the Piaggio Ape City Metro typically ranges from approximately Rs 2.5 lakh to Rs 3.5 lakh, varying by city, fuel type, and specific variant chosen.
What are the different variants of the Piaggio Ape City Metro available?
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It comes in various fuel options like Diesel, CNG, and LPG. There might be slight differences in deck size or features across these fuel-based variants to suit diverse commercial needs.
Are there EMI options available for purchasing the Piaggio Ape City Metro?
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Yes, most dealerships offer attractive EMI schemes and financing options through various banks and financial institutions, making it accessible and affordable for small business owners and entrepreneurs.
What is the expected resale value of a used Piaggio Ape City Metro?
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The Ape City Metro generally holds a good resale value due to its durability, high demand, and low running costs. Well-maintained vehicles fetch decent prices in the used market.
How do the running costs of the Piaggio Ape City Metro compare to 4-wheeled mini-trucks?
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Its running costs are significantly lower than 4-wheeled mini-trucks due to better mileage, lower maintenance, and simpler engine components, making it a more economical choice for light loads.
Brochure
Piaggio Ape City Metro Brochure
Download for detailed specs, features & prices.
Finance
Piaggio Ape City Metro EMI
Your estimated monthly EMI