Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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Bajaj Riki P40 05 E Rickshaw EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.91L
Fuel Type
Electric
Motor
Permanent Magnet Synchronous Motors
Finance
Bajaj Riki P40 05 E Rickshaw 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
Bajaj Riki P40 05 E Rickshaw (₹1,91,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,841
Calculated on ₹1,33,700 loan at 10% for 5 years.
Down Payment
₹57,300
Loan Principal
₹1,33,700
Total Interest
₹36,760
Total Cost
₹2,27,760
Cost Breakup
Down Payment
₹57,300
Amount paid upfront before finance starts.
Loan
₹1,33,700
Interest
₹36,760
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹1,91,000
₹
₹0₹91,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹716 and you save ₹42,960 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,841) with lowest total interest.
Lender Comparison— ₹1,33,700 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,744 |
SBI | 8.75% | ₹0 | ₹2,760 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,782 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,792 |
Axis Bank | 9.5% | ₹3,500 | ₹2,808 |
* 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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Bajaj Riki P40 05 E Rickshaw Price FAQs
What is the ex-showroom price of the Bajaj Riki P40 05 E Rickshaw in India?
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The ex-showroom price of the Bajaj Riki P40 05 E Rickshaw in India generally starts from around ₹1.05 Lakh, though it can vary slightly based on state and dealer. This competitive price makes it an attractive option for first-time buyers and fleet expansions.
What is the on-road price of the Bajaj Riki P40 05 E Rickshaw in Delhi?
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In Delhi, the on-road price of the Bajaj Riki P40 05 E Rickshaw typically ranges from ₹1.15 Lakh to ₹1.25 Lakh, including registration, insurance, and road tax. This price may also be influenced by potential state subsidies for electric vehicles in the region.
How much does the Bajaj Riki P40 05 E Rickshaw cost in Mumbai?
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The Bajaj Riki P40 05 E Rickshaw generally costs between ₹1.18 Lakh to ₹1.28 Lakh on-road in Mumbai, depending on local RTO charges and any applicable state government incentives. It's advisable to check with local dealers for the precise price.
What is the expected price of the Bajaj Riki P40 05 E Rickshaw in Bangalore?
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The expected on-road price of the Bajaj Riki P40 05 E Rickshaw in Bangalore is typically in the range of ₹1.20 Lakh to ₹1.30 Lakh. The final price includes local taxes, RTO charges, and insurance, which can fluctuate.
Are there any government subsidies available that affect the Bajaj Riki P40 05 E Rickshaw price?
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Yes, various state governments and the central government (under schemes like FAME II) offer subsidies for electric vehicles, which can significantly reduce the effective on-road price of the Bajaj Riki P40 05 E Rickshaw. Buyers should inquire about current schemes at their local dealership.
What factors determine the final on-road price of the Bajaj Riki P40 05 E Rickshaw?
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The final on-road price of the Bajaj Riki P40 05 E Rickshaw is determined by several factors, including the ex-showroom price, RTO registration charges, road tax, insurance premium, dealer handling charges, and any central or state government subsidies or discounts. These components collectively form the comprehensive price.
Does the Bajaj Riki P40 05 E Rickshaw price include battery warranty?
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Yes, the Bajaj Riki P40 05 E Rickshaw price typically includes a standard manufacturer's warranty for the battery, which usually covers a specific period or mileage. It is crucial to confirm the exact warranty terms and conditions with your dealer at the time of purchase.
What is the Bajaj Riki P40 05 E Rickshaw price in Kolkata?
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In Kolkata, the on-road price for the Bajaj Riki P40 05 E Rickshaw generally ranges from ₹1.12 Lakh to ₹1.22 Lakh. This price factors in West Bengal's specific RTO costs, road tax, and any local electric vehicle incentives that might apply.