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 NXT Plus EMI Calculator
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Piaggio Ape NXT Plus (₹2,41,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹3,585
Down Payment₹72,300
Loan Principal₹1,68,700
Total Interest₹46,400
Total Cost₹2,87,400
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₹1,00,000₹2,41,000
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₹0₹1,41,000
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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 (₹3,585) with lowest total interest.
Lender Comparison— ₹1,68,700 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹3,462 |
SBI | 8.75% | ₹0 | ₹3,482 |
ICICI Bank | 9.1% | ₹3,999 | ₹3,511 |
HDFC Bank | 9.25% | ₹3,500 | ₹3,523 |
Axis Bank | 9.5% | ₹3,500 | ₹3,544 |
* 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 NXT Plus Price FAQs
What is the ex-showroom price of the Piaggio Ape Nxt Plus in India?
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The ex-showroom price typically ranges from Rs 2.50 lakh to Rs 2.70 lakh, depending on the city and specific variant chosen, before taxes and registration.
What is the estimated on-road price of the Piaggio Ape Nxt Plus?
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The on-road price usually falls between Rs 2.80 lakh and Rs 3.10 lakh, including registration, insurance, and other charges, varying by location.
Are there different variants available for the Piaggio Ape Nxt Plus?
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Yes, it often comes in different deck lengths or engine types, like diesel or CNG, offering choices based on specific business needs and fuel preferences.
What are the EMI options available for purchasing the Piaggio Ape Nxt Plus?
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Many dealerships offer flexible EMI options with attractive interest rates and down payment plans, making it accessible for small business owners to finance.
What is the resale value like for a used Piaggio Ape Nxt Plus?
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Due to its popularity and reliability, the Piaggio Ape Nxt Plus generally holds a good resale value, making it a sound investment for commercial use.
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Piaggio Ape NXT Plus Brochure
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Piaggio Ape NXT Plus EMI
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