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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Ak Auto Electrical Tik Tiek Loader EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹2.00L
Fuel Type
Electric
Motor
BLDC Motor
Finance
Ak Auto Electrical Tik Tiek Loader 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
Ak Auto Electrical Tik Tiek Loader (₹2,00,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹2,975
Calculated on ₹1,40,000 loan at 10% for 5 years.
Down Payment
₹60,000
Loan Principal
₹1,40,000
Total Interest
₹38,500
Total Cost
₹2,38,500
Cost Breakup
Down Payment
₹60,000
Amount paid upfront before finance starts.
Loan
₹1,40,000
Interest
₹38,500
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹2,00,000
₹
₹0₹1,00,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹850 and you save ₹51,000 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,975) with lowest total interest.
Lender Comparison— ₹1,40,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,873 |
SBI | 8.75% | ₹0 | ₹2,890 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,913 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,924 |
Axis Bank | 9.5% | ₹3,500 | ₹2,941 |
* 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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Ak Auto Electrical Tik Tiek Loader Price FAQs
What is the estimated ex-showroom price of the Tik Tiek Loader Electric in India?
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The ex-showroom price for the Tik Tiek Loader Electric starts from approximately ₹14.5 Lakhs in India, offering excellent value for a high-performance electric loader. This initial price point makes the transition to electric mobility accessible for businesses.
What is the on-road price of the Tik Tiek Loader Electric in major Indian cities?
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The on-road price for the Tik Tiek Loader Electric varies slightly by city due to local taxes and subsidies; for instance, it's approximately ₹15.8 Lakhs in Bangalore, ₹15.5 Lakhs in Mumbai, and ₹15.3 Lakhs in Delhi. We recommend checking with your local dealer for the precise on-road price.
Are there any government subsidies available that reduce the Tik Tiek Loader Electric price?
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Yes, the Tik Tiek Loader Electric is eligible for various state and central government subsidies under schemes like FAME-II, which can significantly reduce the effective purchase price for buyers. These subsidies make the Tik Tiek Loader Electric price even more attractive.
What financing options are available for purchasing the Tik Tiek Loader Electric?
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We offer attractive financing options for the Tik Tiek Loader Electric through partnerships with leading banks and financial institutions, including competitive interest rates and flexible repayment plans. Our team can help you find the best financing solution to suit your budget.
How does the total cost of ownership of the Tik Tiek Loader Electric compare to a diesel loader?
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The total cost of ownership for the Tik Tiek Loader Electric is significantly lower than a comparable diesel loader, primarily due to lower fuel costs, reduced maintenance, and available government subsidies. This makes the Tik Tiek Loader Electric a more cost-effective long-term investment despite its initial price.
What factors influence the final on-road price of the Tik Tiek Loader Electric?
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The final on-road price of the Tik Tiek Loader Electric is influenced by factors such as state road tax, registration charges, insurance costs, and any additional accessories or extended warranties chosen. Government subsidies also play a crucial role in the final price.
Can I get a customized quote for the Tik Tiek Loader Electric price including accessories?
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Yes, you can definitely get a customized quote for the Tik Tiek Loader Electric price that includes any specific accessories or modifications you might need. Please contact our sales team to discuss your requirements and receive a detailed breakdown of the price.
What is the approximate EMI for the Tik Tiek Loader Electric with standard financing?
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With standard financing options and a typical down payment, the approximate EMI for the Tik Tiek Loader Electric could range from ₹30,000 to ₹35,000 per month over a 5-year tenure, subject to interest rates and individual creditworthiness. This makes the Tik Tiek Loader Electric price manageable.