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
Devam Ev Samrat EMI Calculator
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Devam Ev Samrat (₹1,65,000)
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Down PaymentLoanInterest
Monthly EMI
₹2,455
Down Payment₹49,500
Loan Principal₹1,15,500
Total Interest₹31,800
Total Cost₹1,96,800
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Increase down payment by ₹50,000 → EMI drops by ₹330 and you save ₹19,800 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,455) with lowest total interest.
Lender Comparison— ₹1,15,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,370 |
SBI | 8.75% | ₹0 | ₹2,384 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,404 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,412 |
Axis Bank | 9.5% | ₹3,500 | ₹2,426 |
* 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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Devam Ev Samrat Price FAQs
What is the ex-showroom price of the Devam Ev Samrat in India?
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The ex-showroom price for the Devam Ev Samrat starts at approximately Rs. 5.99 Lakhs in Delhi, varying slightly by region and specific configurations. This competitive price point makes the Devam Ev Samrat an attractive option for businesses.
What is the estimated on-road price of the Devam Ev Samrat in major Indian cities like Mumbai and Bengaluru?
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The on-road price for the Devam Ev Samrat would be around Rs. 6.30 - 6.70 Lakhs in Mumbai and Rs. 6.40 - 6.80 Lakhs in Bengaluru, including RTO registration, insurance, and other charges. This on-road price for the Devam Ev Samrat is subject to state-specific taxes.
Are there any government subsidies available that reduce the effective price of the Devam Ev Samrat?
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Yes, the Devam Ev Samrat is eligible for FAME-II subsidies and various state-level EV policies, which can significantly reduce the effective purchase price. Customers should check the latest subsidy schemes applicable to the Devam Ev Samrat in their state.
What are the financing options available for purchasing the Devam Ev Samrat?
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Various financing options are available for the Devam Ev Samrat through leading banks and NBFCs, offering flexible loan tenures and attractive interest rates. Your nearest Devam Ev Samrat dealership can provide detailed information on these financing solutions.
How does the overall running cost of the Devam Ev Samrat compare to traditional diesel mini-trucks?
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The Devam Ev Samrat offers substantially lower running costs compared to diesel mini-trucks, primarily due to cheaper electricity, lower maintenance requirements, and various tax benefits, resulting in a much better total cost of ownership over time. The economic advantage of the Devam Ev Samrat is clear.
Is the Devam Ev Samrat available at a special price in states with strong EV promotion policies?
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Yes, states like Maharashtra, Gujarat, and Delhi, with aggressive EV promotion policies, often offer additional incentives or subsidies, potentially leading to a lower effective price for the Devam Ev Samrat. It's advisable to check local policies for the Devam Ev Samrat.
Does the purchase price of the Devam Ev Samrat include the battery, or is it leased separately?
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The ex-showroom price of the Devam Ev Samrat typically includes the battery pack, meaning you own the battery outright with your vehicle purchase. There are no separate battery leasing plans for the Devam Ev Samrat at present.
What factors contribute to the variation in the on-road price of the Devam Ev Samrat across different cities?
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The variation in the on-road price of the Devam Ev Samrat across cities is mainly due to differences in state RTO charges, local road taxes, insurance premiums, and specific state-level EV subsidies. These factors collectively determine the final price for the Devam Ev Samrat.
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Devam Ev Samrat EMI
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