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 Xtra Classic
Ex-Showroom Price
₹2.45L
Key Specifications
GVW
975 kg
Power
NA
Finance
Piaggio Ape Xtra Classic EMI Calculator
Select Variant
Piaggio Ape Xtra Classic (₹2,45,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹3,644
Down Payment₹73,500
Loan Principal₹1,71,500
Total Interest₹47,140
Total Cost₹2,92,140
Share Your EMI
₹
₹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.
Brochure
Piaggio Ape Xtra Classic Brochure
Download for detailed specs, features & prices.
Finance
Piaggio Ape Xtra Classic EMI
Your estimated monthly EMI