New Financing Option for Electric Bikes in Pakistan
Allied Bank is making it easier to switch to electric bikes. As of Saturday, September 13, 2025, the bank launched the Allied Electric Bike Finance program. This initiative helps people adopt eco-friendly travel with affordable loan options, perfect for daily commutes.
What Allied Electric Bike Finance Offers
This program supports a greener lifestyle with tailored financial help. Loans cover new, locally made electric bikes registered with the Excise Department. Key benefits include:
- Loan Amount: Up to Rs. 400,000
- Repayment: Flexible terms from 1 to 4 years
- Markup Rate: 1-Year KIBOR + 1%
- Down Payment: Minimum 30% of the bike’s price
- No Hidden Costs: Transparent pricing
It’s designed to fit budgets while reducing carbon emissions.
Also Read: Which Cross Car Should You Buy in Pakistan? Find Prices and Details
Eligibility and Requirements
The program is open to Pakistani nationals meeting specific criteria. Here’s what you need:
- Age: 21 to 59 for salaried individuals; 21 to 64 for self-employed
- Account: Minimum 6 months with ABL or 1 year with another bank
- Salaried Individuals:
- Permanent or contract employee
- Six salaries credited in the last 6 months
- Minimum Rs. 35,000 monthly salary
- Self-Employed Individuals:
- Business running for at least 1 year
- Minimum Rs. 50,000 monthly income
Required documents include proof of income, a CNIC copy, recent photos, and a signed application form.
Also Read: Step-by-Step: Get Your Pakzon Bike via Bank Alfalah with 0% Markup!
How to Apply and Costs
Applying is simple and accessible. Follow these steps:
- Visit: Nearest ABL branch or call 042-111-225-225
- Submit: CV, last 6 months’ bank statement, and documents
- Costs: Down payment (30%), processing fee, and 1st-year insurance upfront
Repayments are handled via monthly EMIs deducted from your ABL account. Early repayment is allowed with charges per the Schedule of Charges (SOC).
Background and Purpose
Allied Bank aims to promote eco-friendly transport amid rising pollution. Electric bikes offer a cost-effective alternative to fuel-based vehicles. This program supports Pakistan’s push for cleaner cities.
Also Read: Bank of Khyber Offers 13.99% Shariah Car Financing in 2025
Official Details
A bank spokesperson highlighted the launch. “We want to help people choose greener options,” they said. More info is available at https://abl.com/personal/loans/allied-electric-bike-finance.
What’s Next
The program is available in cities like Karachi, Lahore, and Islamabad. Applicants can expect loan processing soon after approval. Stay tuned for more locations.
Also Read: Yamaha Ends Motorcycle Production in Pakistan: The Real Reasons
