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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Tata Magic Express EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹7.34L
Fuel Type
Petrol
Power
22.1 kW
Finance
Tata Magic Express 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 Express (₹7,34,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹10,917
Calculated on ₹5,13,800 loan at 10% for 5 years.
Down Payment
₹2,20,200
Loan Principal
₹5,13,800
Total Interest
₹1,41,220
Total Cost
₹8,75,220
Cost Breakup
Down Payment
₹2,20,200
Amount paid upfront before finance starts.
Loan
₹5,13,800
Interest
₹1,41,220
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Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹7,34,000
₹
₹0₹6,34,000
%
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.
✓
Recommended: 5 Years
Balances affordable EMI (₹10,917) with lowest total interest.
Lender Comparison— ₹5,13,800 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹10,542 |
SBI | 8.75% | ₹0 | ₹10,604 |
ICICI Bank | 9.1% | ₹3,999 | ₹10,691 |
HDFC Bank | 9.25% | ₹3,500 | ₹10,729 |
Axis Bank | 9.5% | ₹3,500 | ₹10,791 |
* 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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Tata Magic Express Price FAQs
What is the approximate on-road price of the Tata Magic Express in India?
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The on-road price typically ranges from Rs 7.50 lakh to Rs 8.50 lakh, varying based on city, state taxes, and specific variant chosen.
Are there different variants available for the Tata Magic Express?
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Yes, it comes in different configurations, primarily varying by load body type or minor feature additions, catering to diverse business and cargo needs.
What are the typical EMI options for purchasing a Tata Magic Express?
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EMI options vary widely based on down payment, loan tenure, and interest rates. Many banks offer flexible schemes for commercial vehicle financing.
What is the resale value like for the Tata Magic Express?
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The Magic Express generally holds a decent resale value due to its popularity, reliability, and consistent demand in the used commercial vehicle market.
Is the Tata Magic Express considered an affordable commercial vehicle investment?
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Yes, its competitive pricing, low running costs, and good mileage make it a highly affordable and sensible investment for many small businesses.