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.
Finance
Mahindra Udo EMI Calculator
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Mahindra Udo (₹3,59,000)
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Down PaymentLoanInterest
Monthly EMI
₹5,340
Down Payment₹1,07,700
Loan Principal₹2,51,300
Total Interest₹69,100
Total Cost₹4,28,100
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₹1,00,000₹3,59,000
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Increase down payment by ₹50,000 → EMI drops by ₹1,062 and you save ₹63,720 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹5,340) with lowest total interest.
Lender Comparison— ₹2,51,300 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹5,156 |
SBI | 8.75% | ₹0 | ₹5,187 |
ICICI Bank | 9.1% | ₹3,999 | ₹5,229 |
HDFC Bank | 9.25% | ₹3,500 | ₹5,248 |
Axis Bank | 9.5% | ₹3,500 | ₹5,278 |
* 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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Mahindra Udo Price FAQs
What is the current Udo truck price in India?
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The current Udo truck price in India starts from approximately INR 4.85 Lakhs (ex-showroom) for the base model. This makes the Udo a highly competitive and value-for-money option in the small commercial vehicle segment.
What is the ex-showroom price of the base model Udo?
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The ex-showroom price of the base model Udo is INR 4.85 Lakhs. This price is subject to change based on location and prevailing offers.
What factors affect the final on-road price of the Udo?
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The final on-road price of the Udo is affected by RTO registration charges, insurance costs, and any applicable state road taxes. Dealership-specific accessories or extended warranties can also influence the total.
Does Udo offer different variants, and how do their prices differ?
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Yes, Udo typically offers multiple variants, such as a standard deck and a high deck, with slight differences in load body dimensions and features. Prices for these variants may vary by INR 15,000-30,000 above the base model.
What is the estimated Udo truck price in major cities like Delhi or Mumbai?
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The estimated Udo truck price (on-road) in Delhi is approximately INR 5.40 - 5.75 Lakhs, and in Mumbai, it ranges from INR 5.50 - 5.90 Lakhs. These figures include RTO, insurance, and road tax, but actual prices may vary slightly.
Are there any financing options available for purchasing the Udo?
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Yes, numerous attractive financing options are available for purchasing the Udo through leading banks and NBFCs. Our authorized dealerships can assist you in finding the best loan schemes and repayment plans.
What would be the typical EMI for a Udo truck with standard financing?
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A typical EMI for a Udo truck with standard financing (e.g., 80% loan, 5-year tenure at 9% interest) could range from INR 8,500 to INR 10,000 per month. This is an estimate; actual EMI depends on loan amount, interest rate, and tenure.
How does the Udo's price make it a cost-effective choice for small businesses?
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The Udo's competitive initial price, combined with its high fuel efficiency and low maintenance costs, makes it an exceptionally cost-effective choice for small businesses. It ensures a quicker return on investment and higher operational profits.
Can I get a detailed price quote for the Udo in Chennai?
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Yes, you can get a detailed price quote for the Udo in Chennai by visiting your nearest authorized Udo dealership. They will provide a precise on-road price breakdown, including all local taxes and charges.
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Mahindra Udo EMI
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