Owning an electric bike is now easier than ever, thanks to flexible and transparent financing options designed for every rider. The Monthly Repayment Schedule is a customer-friendly plan that breaks down the total cost of an electric bike into affordable installments, allowing you to enjoy the benefits of electric mobility without the burden of a large upfront payment.
This schedule provides a tentative repayment structure, giving customers a clear picture of what to expect before committing to purchase. Final details are confirmed by the financing bank at the time of loan disbursement, ensuring full transparency and accuracy.
Why a Tentative Installment Plan Matters
Purchasing an electric bike is an investment in your future savings and convenience. A tentative repayment plan empowers you to plan your finances in advance, making it easier to choose the right bike and loan option. With the government’s PAVE Program subsidies and interest-free financing schemes, electric bikes are now affordable for students, families, and entrepreneurs alike.
This plan is particularly beneficial for:
- First-time buyers who want to switch from petrol to electric without a heavy upfront cost.
- Students and daily commuters seeking predictable and budget-friendly monthly expenses.
- Entrepreneurs and delivery riders who rely on cost-efficient vehicles for their business.
Key Features of the Tentative Installment Plan
| Feature | Details |
|---|---|
| Vehicle Variant | Velocity Electric Bike – PKR 249,000 |
| Equity Participation | Not Applicable |
| Downpayment (Tentative) | PKR 4,980 upfront |
| Monthly Installment Estimate | PKR 8,674 (based on current subsidy and financing options) |
| Legal Stamping Charges | Charged at actual cost; included in the downpayment |
| Vehicle Registration | Charged at actual cost; included in the downpayment |
| Loan Disbursement | Subject to approval and verification by financing banks |
| Subsidy Integration | Includes PAVE Program subsidy of PKR 50,000 to reduce upfront cost and loan size |
Benefits of Monthly Repayment Plans
- Budget-Friendly Ownership
With a small initial downpayment, you can start enjoying your electric bike immediately while spreading the remaining cost over predictable monthly installments. - Interest-Free Financing Options
Many government-backed schemes offer interest-free or low-interest loans, ensuring you pay only for the bike itself—no extra financial burden. - Transparent Charges
Legal and registration costs are clearly outlined and added to the downpayment, so there are no hidden surprises. - Flexibility for All Riders
Whether you’re a student, a professional commuter, or a business owner, this plan caters to your financial capacity. - Subsidies Make It Easier
Programs like PAVE (Pakistan Accelerated Vehicle Electrification) significantly lower the upfront cost, encouraging widespread adoption of eco-friendly transport.
How the Repayment Plan Works
- Apply Through E-Balloting or Dealer Networks
Submit your application under schemes like PAVE or bank financing programs. - Get Approval and Subsidy
Once approved, the government subsidy (e.g., PKR 50,000 for bikes) is applied to reduce your loan amount. - Pay Your Downpayment
A minimal downpayment (in this example, PKR 4,980) secures your bike. - Start Monthly Repayments
Pay predictable installments (e.g., PKR 8,674/month), making ownership hassle-free. - Enjoy Your Savings
With fuel costs eliminated and minimal maintenance, you start saving from day one.
Download Monthly Plans
Why Choose an Electric Bike Now
The financial structure of these installment plans makes switching to electric mobility a low-risk, high-reward decision:
- Save on fuel: Charging costs are far lower than petrol expenses.
- Reduce maintenance: No oil changes or costly repairs.
- Eco-friendly transportation: Contribute to reducing Pakistan’s carbon footprint.
- Government support: Interest-free loans and subsidies make it easier than ever to buy.
Electric bikes like Velocity, Jolta, United Electric Bike, and Vitality EV are specifically designed for Pakistani roads, making them reliable and practical for everyday riders.
Final Thoughts
The Tentative Installment Plan for Electric Bikes reflects a significant shift toward making sustainable transportation accessible for all. By combining transparent pricing, easy monthly repayments, and government-backed incentives, this model removes financial barriers and empowers every Pakistani to own an electric bike.