Payment Plan — Phase 2
E-Bike Scheme Phase 2 installment plan — Rs 3,027/month for 3 years, 0% interest
CM Punjab E-Bike Scheme Phase 2 offers the most affordable financing for an electric vehicle in Pakistan. The government pays PKR 90,000 subsidy plus all interest. Students pay approximately Rs 3,027 per month for 36 months — no down payment, no hidden charges.
Cost Breakdown
How the Phase 2 price and subsidy work
Rs 3,027
Monthly installment
approx.
36
Months (3 years)
repayment period
0%
Interest rate
Punjab govt pays markup
PKR 0
Down payment
nothing upfront
Repayment Schedule
Phase 2 yearly payment schedule
| Period | Monthly payment | Cumulative paid | Remaining balance |
|---|---|---|---|
| Month 1–12 (Year 1) | Rs 3,027 | Rs 36,324 | Rs 72,676 |
| Month 13–24 (Year 2) | Rs 3,027 | Rs 72,648 | Rs 36,352 |
| Month 25–36 (Year 3) | Rs 3,027 | Rs 109,000 | Rs 0 |
Figures are approximate. Exact installment amount is confirmed at the Bank of Punjab loan agreement stage. All interest is paid by the Punjab government — no markup is charged to students.
Making Payments
How to pay Phase 2 monthly installments
Bank of Punjab branch
Visit any BOP branch and deposit the monthly amount into your loan account using your loan reference number. Keep the deposit receipt as proof.
BOP digital banking / app
Use the Bank of Punjab mobile app or internet banking to transfer the installment directly to your loan account. Fastest and most convenient option.
Jazzcash / Easypaisa
BOP allows installment payments via mobile wallets at designated agents. Check with your BOP branch for the exact process for your account.
Bank transfer (IBFT)
Transfer from any bank account to your BOP loan account using the account number provided in the loan agreement.
Installment FAQs
Phase 2 payment plan questions — answered
What is the monthly installment for Phase 2?
The monthly installment is approximately Rs 3,027 per month for 36 months (3 years). This is based on PKR 109,000 (PKR 199,000 bike price minus PKR 90,000 government subsidy) divided over 36 months at 0% interest. The government pays all interest — students pay only the principal.
Is there a down payment for Phase 2?
No. Phase 2 has zero down payment. You do not pay anything upfront. The government covers the PKR 90,000 subsidy and all interest. The first monthly installment is due 30 days after you collect the bike from the dealer.
What happens if I miss a Phase 2 installment?
Missed installments may attract a late payment penalty and are reported to eCIB (Credit Information Bureau). Multiple missed payments can result in the Bank of Punjab recovering the bike. If you are facing financial difficulty, contact your BOP branch early to discuss a payment plan.
Can I pay Phase 2 installments early or pay off the full loan early?
Yes. You can pay additional installments in advance or repay the full remaining loan amount early at any Bank of Punjab branch. There is no early repayment penalty. Early repayment reduces the total number of monthly payments.
Does Phase 2 have any interest or hidden charges?
The interest rate to students is 0% — the Punjab government pays the full markup to Bank of Punjab on your behalf. There are no hidden charges. Insurance, registration, and first-year token tax are also paid by the government. The only cost to you is the monthly installment of ~Rs 3,027.
Rs 3,027/month, 0% interest — apply before October 4, 2026
100,000 electric scooties. Government pays the subsidy, the interest, the insurance, and the registration. You pay only Rs 3,027 a month.