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
Piaggio Ape E Xtra FX Max EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹3.49L
Fuel Type
Electric
Motor
Electric Motor
Finance
Piaggio Ape E Xtra FX Max 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
Piaggio Ape E Xtra FX Max (₹3,49,000)
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Auto-adjusts interest rate
Estimated Monthly EMI
₹5,191
Calculated on ₹2,44,300 loan at 10% for 5 years.
Down Payment
₹1,04,700
Loan Principal
₹2,44,300
Total Interest
₹67,160
Total Cost
₹4,16,160
Cost Breakup
Down Payment
₹1,04,700
Amount paid upfront before finance starts.
Loan
₹2,44,300
Interest
₹67,160
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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₹3,49,000
₹
₹0₹2,49,000
%
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 (₹5,191) with lowest total interest.
Lender Comparison— ₹2,44,300 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹5,013 |
SBI | 8.75% | ₹0 | ₹5,042 |
ICICI Bank | 9.1% | ₹3,999 | ₹5,084 |
HDFC Bank | 9.25% | ₹3,500 | ₹5,101 |
Axis Bank | 9.5% | ₹3,500 | ₹5,131 |
* 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 E Xtra FX Max Price FAQs
What is the on-road price of the Piaggio Ape E Xtra Fx Max in major Indian cities?
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The on-road price varies by city and state subsidies, typically ranging from INR 3.5 Lakhs to INR 4.5 Lakhs depending on specific configurations and local taxes.
Are there different variants available for the Piaggio Ape E Xtra Fx Max?
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Yes, it is primarily available in a fixed battery variant, with options possibly differing in cargo body type or specific accessory fitments for various applications.
What are the EMI options available for purchasing the Piaggio Ape E Xtra Fx Max?
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Financial institutions offer various EMI schemes with competitive interest rates and flexible tenures, making it accessible for small businesses and individuals.
What is the expected resale value of the Piaggio Ape E Xtra Fx Max?
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As an electric vehicle, its resale value is emerging. Good battery health and vehicle condition will fetch better returns, benefiting from the growing EV market.
Are there any government subsidies available for purchasing the Piaggio Ape E Xtra Fx Max?
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Yes, many state governments offer FAME II subsidies and other incentives for electric vehicles, significantly reducing the initial purchase cost for buyers.