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 Mantra 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 Mantra Bi Fuel EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Price will update the EMI estimate
Tata Magic Mantra 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.
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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.
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Tata Magic Mantra Bi Fuel Price FAQs
What is the approximate on-road price of the Tata Magic Mantra Bi Fuel in India?
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The on-road price varies by city and state due to taxes and registration, but it's positioned as an affordable entry into commercial vehicle ownership in its segment.
Are there different variants available for the Tata Magic Mantra Bi Fuel?
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It typically comes in a standard configuration for its bi-fuel setup, focusing on a single, well-equipped variant to meet the diverse needs of its target market.
What are the typical EMI options and down payment requirements for purchasing this vehicle?
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EMI options are flexible, depending on the loan tenure and down payment, with various financial institutions offering competitive rates for commercial vehicle loans in India.
What can I expect regarding the resale value of the Tata Magic Mantra Bi Fuel?
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Tata commercial vehicles generally hold decent resale value due to their reliability and continuous demand in the market, offering a good return on investment over time.
Is the Tata Magic Mantra Bi Fuel a cost-effective purchase for new entrepreneurs?
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Absolutely. Its competitive pricing, low running costs (especially on CNG), and robust nature make it an excellent, cost-effective choice for startups and new entrepreneurs.