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 Mantra EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹7.30L
Fuel Type
Petrol
Power
22.1 kW
Finance
Tata Magic Mantra 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 Mantra (₹7,30,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹10,858
Calculated on ₹5,11,000 loan at 10% for 5 years.
Down Payment
₹2,19,000
Loan Principal
₹5,11,000
Total Interest
₹1,40,480
Total Cost
₹8,70,480
Cost Breakup
Down Payment
₹2,19,000
Amount paid upfront before finance starts.
Loan
₹5,11,000
Interest
₹1,40,480
Share Your EMI
Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹7,30,000
₹
₹0₹6,30,000
%
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 (₹10,858) with lowest total interest.
Lender Comparison— ₹5,11,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹10,484 |
SBI | 8.75% | ₹0 | ₹10,546 |
ICICI Bank | 9.1% | ₹3,999 | ₹10,633 |
HDFC Bank | 9.25% | ₹3,500 | ₹10,670 |
Axis Bank | 9.5% | ₹3,500 | ₹10,732 |
* 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 Mantra Price FAQs
What is the approximate ex-showroom and on-road price range for the Tata Magic Mantra?
+−
The ex-showroom price typically starts around Rs. 5.5 - 6.0 Lakhs. The on-road price, including taxes and registration, can range from Rs. 6.0 - 6.8 Lakhs, varying by state.
Are there different variants of the Tata Magic Mantra available, affecting its price?
+−
Yes, there are often variants, primarily distinguished by payload capacity or engine type (diesel/CNG), which can slightly influence the pricing. Specific features may also vary.
What are the typical EMI options and down payment requirements for purchasing a Magic Mantra?
+−
EMIs can start from Rs. 10,000 - Rs. 12,000 per month, depending on loan tenure and interest rates. Down payments typically range from 10-20% of the on-road price.
How is the resale value of the Tata Magic Mantra in the used commercial vehicle market?
+−
The Magic Mantra generally commands a good resale value due to its popularity, reliability, and low running costs. It is a sought-after vehicle in the used commercial segment.
What factors can influence the final on-road price of the Tata Magic Mantra?
+−
The final on-road price is influenced by state taxes, registration fees, insurance costs, and any optional accessories or extended warranties chosen by the buyer.