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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Terra Motors Rizin EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.69L
Fuel Type
Electric
Motor
Electric Motor
Finance
Terra Motors Rizin 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
Terra Motors Rizin (₹1,69,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,514
Calculated on ₹1,18,300 loan at 10% for 5 years.
Down Payment
₹50,700
Loan Principal
₹1,18,300
Total Interest
₹32,540
Total Cost
₹2,01,540
Cost Breakup
Down Payment
₹50,700
Amount paid upfront before finance starts.
Loan
₹1,18,300
Interest
₹32,540
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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₹1,69,000
₹
₹0₹69,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹389 and you save ₹23,340 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,514) with lowest total interest.
Lender Comparison— ₹1,18,300 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,428 |
SBI | 8.75% | ₹0 | ₹2,442 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,462 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,471 |
Axis Bank | 9.5% | ₹3,500 | ₹2,485 |
* 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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Terra Motors Rizin Price FAQs
What is the estimated ex-showroom price of the Terra Motors Rizin in India?
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The estimated ex-showroom price of the Terra Motors Rizin typically ranges from ₹3.00 Lakhs to ₹3.50 Lakhs in India. This competitive price point makes it an accessible option for electrifying your fleet.
What is the on-road price of the Terra Motors Rizin in major Indian cities like Delhi or Mumbai?
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The on-road price of the Terra Motors Rizin can vary, but generally starts from around ₹3.20 Lakhs in Delhi and Mumbai, including RTO registration, insurance, and other charges. This price makes the electric option highly attractive.
Are there any government subsidies available that affect the Terra Motors Rizin price?
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Yes, prospective buyers of the Terra Motors Rizin may be eligible for central and state government subsidies under schemes like FAME-II, which can significantly reduce the effective price. It's advisable to check current schemes in your region.
What are the common finance and loan options available for purchasing the Terra Motors Rizin?
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Many banks and financial institutions offer attractive finance and loan options for the Terra Motors Rizin, often including low down payments and flexible EMI plans. This makes acquiring the vehicle more manageable for businesses and individuals.
Can I get an estimate for the monthly EMI if I take a loan for the Terra Motors Rizin?
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A typical monthly EMI for the Terra Motors Rizin could start from around ₹6,000 to ₹7,500, depending on the loan amount, tenure (e.g., 3-5 years), and interest rates. Your financial advisor can provide a precise loan calculation.
How does the Terra Motors Rizin’s price compare to other electric 3-wheelers in the market?
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The Terra Motors Rizin’s price of ₹3.00 - ₹3.50 Lakhs is competitive within the electric 3-wheeler cargo segment, offering a strong value proposition considering its features and operational savings. It offers a compelling alternative to higher priced diesel counterparts.
What is the price of the Terra Motors Rizin in Bangalore or Chennai?
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In cities like Bangalore and Chennai, the on-road price for the Terra Motors Rizin would typically start from approximately ₹3.30 Lakhs to ₹3.60 Lakhs, considering local taxes and registration fees. The actual price can vary slightly.
Is the Terra Motors Rizin a budget-friendly option for new businesses?
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Yes, with its competitive initial price and significantly lower running and maintenance costs, the Terra Motors Rizin is indeed a very budget-friendly option for new businesses looking for an efficient and sustainable cargo solution. Its overall cost of ownership is attractive.