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 Express Bi Fuel EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹7.62L
Fuel Type
CNG
Power
25 Hp
Finance
Tata Magic Express Bi Fuel 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 Bi Fuel (₹7,62,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹11,334
Calculated on ₹5,33,400 loan at 10% for 5 years.
Down Payment
₹2,28,600
Loan Principal
₹5,33,400
Total Interest
₹1,46,640
Total Cost
₹9,08,640
Cost Breakup
Down Payment
₹2,28,600
Amount paid upfront before finance starts.
Loan
₹5,33,400
Interest
₹1,46,640
Share Your EMI
Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹7,62,000
₹
₹0₹6,62,000
%
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 (₹11,334) with lowest total interest.
Lender Comparison— ₹5,33,400 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹10,944 |
SBI | 8.75% | ₹0 | ₹11,008 |
ICICI Bank | 9.1% | ₹3,999 | ₹11,099 |
HDFC Bank | 9.25% | ₹3,500 | ₹11,138 |
Axis Bank | 9.5% | ₹3,500 | ₹11,203 |
* 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 Express Bi Fuel Price FAQs
What is the approximate on-road price of the Tata Magic Express Bi Fuel in India?
+−
The on-road price typically ranges from INR 7.5 to 8.5 lakhs, varying by city, RTO charges, and insurance costs, so it is advisable to check locally.
Does the Tata Magic Express Bi Fuel come in different variants?
+−
It primarily comes in a single bi-fuel variant, sometimes with minor optional accessory differences or seating layout configurations, but the core specification remains consistent.
What kind of EMI options are available for purchasing the Tata Magic Express Bi Fuel?
+−
Most banks and financial institutions offer flexible EMI options with down payments typically starting from 15-20% and repayment tenures extending up to five years, subject to eligibility.
What is the resale value like for the Tata Magic Express Bi Fuel in the Indian market?
+−
It generally holds a strong resale value due to its durability, low running costs, and high demand in the commercial passenger vehicle segment, making it a sound investment.
What are the estimated annual maintenance costs for the Tata Magic Express Bi Fuel?
+−
Maintenance costs are considered low, typically ranging around INR 8,000-12,000 per year, depending on usage patterns and adherence to scheduled service intervals, ensuring affordability.