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.
Truck loan planning
Tata Magic EV EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹5.10L
Fuel Type
Electric
Motor
NA
Finance
Tata Magic EV EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Tata Magic EV (₹5,10,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹7,586
Calculated on ₹3,57,000 loan at 10% for 5 years.
Down Payment
₹1,53,000
Loan Principal
₹3,57,000
Total Interest
₹98,160
Total Cost
₹6,08,160
Cost Breakup
Down Payment
₹1,53,000
Amount paid upfront before finance starts.
Loan
₹3,57,000
Interest
₹98,160
Share Your EMI
Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹5,10,000
₹
₹0₹4,10,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,063 and you save ₹63,780 in total interest.
✓
Recommended: 5 Years
Balances affordable EMI (₹7,586) with lowest total interest.
Lender Comparison— ₹3,57,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹7,325 |
SBI | 8.75% | ₹0 | ₹7,368 |
ICICI Bank | 9.1% | ₹3,999 | ₹7,429 |
HDFC Bank | 9.25% | ₹3,500 | ₹7,455 |
Axis Bank | 9.5% | ₹3,500 | ₹7,498 |
* 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.
News
Truck News
Tata Magic EV Price FAQs
What is the approximate on-road price of the Tata Magic Ev in India?
+−
The on-road price of the Tata Magic Ev varies by state, but typically starts from around INR 5.5 lakh to INR 6.5 lakh.
Are there different variants available for the Tata Magic Ev and what are their price differences?
+−
Yes, it comes in passenger and cargo variants. Prices vary slightly based on seating configuration or cargo deck design.
What are the typical EMI options and down payment requirements for the Tata Magic Ev?
+−
EMI options are flexible, with down payments typically ranging from 15-25 percent of the on-road price, depending on financing schemes.
What is the expected resale value for the Tata Magic Ev after a few years of use?
+−
As an EV, resale values are still evolving. However, low running costs and increasing demand for EVs suggest decent retention.
Does the Tata Magic Ev qualify for any government subsidies or incentives?
+−
Yes, it often qualifies for FAME II subsidies and state-specific EV incentives, significantly reducing the effective purchase cost.