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.
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Piaggio Ape Xtra Classic EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹2.45L
Fuel Type
LPG
Power
NA
Finance
Piaggio Ape Xtra Classic EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Piaggio Ape Xtra Classic (₹2,45,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹3,644
Calculated on ₹1,71,500 loan at 10% for 5 years.
Down Payment
₹73,500
Loan Principal
₹1,71,500
Total Interest
₹47,140
Total Cost
₹2,92,140
Cost Breakup
Down Payment
₹73,500
Amount paid upfront before finance starts.
Loan
₹1,71,500
Interest
₹47,140
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Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹2,45,000
₹
₹0₹1,45,000
%
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 (₹3,644) with lowest total interest.
Lender Comparison— ₹1,71,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹3,519 |
SBI | 8.75% | ₹0 | ₹3,540 |
ICICI Bank | 9.1% | ₹3,999 | ₹3,569 |
HDFC Bank | 9.25% | ₹3,500 | ₹3,581 |
Axis Bank | 9.5% | ₹3,500 | ₹3,602 |
* 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 Xtra Classic Price FAQs
What is the approximate on-road price of the Piaggio Ape Xtra Classic in India?
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The on-road price typically ranges from INR 2.60 lakh to INR 3.20 lakh, varying by city, fuel type, and specific variant, including taxes and registration.
What are the different variants available for the Ape Xtra Classic?
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It comes in various fuel options like Diesel, CNG, and LPG. There might be minor differences in load body lengths or engine specifications across these variants.
What are the EMI options available for purchasing the Piaggio Ape Xtra Classic?
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Most dealers offer flexible EMI schemes with down payments, interest rates, and tenures varying based on finance companies and customer eligibility. Inquire at dealerships.
What is the expected resale value of the Piaggio Ape Xtra Classic?
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The Ape Xtra Classic generally holds a good resale value due to its popularity, reliability, and demand in the used commercial vehicle market, ensuring good returns.
Are there any additional costs associated with owning the Piaggio Ape Xtra Classic?
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Yes, beyond the on-road price, consider insurance, periodic maintenance, fuel costs, and potential accessory upgrades. These add to the overall ownership expenses.