How to buy Electric Bike on easy installment plan

Electric bikes are becoming a popular choice for people living in big cities. They are cheaper to run, easy to maintain, and good for the environment. Now, Allied Bank is making it even easier to switch to these eco-friendly vehicles.

The bank has launched a new plan called Electric Bike Finance, which offers loans to help people buy electric bikes at low cost.

Why Choose Allied Bank’s Electric Bike Finance?

Allied Bank is offering a loan of up to Rs. 400,000 to help customers buy an EV bike. You only need to pay 30% of the bike’s price yourself. The bank will cover the rest.

Here are some of the main features:

• Low markup rate: Only 1-Year KIBOR + 1%

• Flexible repayment: Pay back over 1 to 4 years

• No hidden fees

• Green financing: Helps the environment and your wallet

Who Can Apply?

You must be a Pakistani citizen and at least 21 years old. You should also have a bank account with Allied Bank (for 6 months) or with any other bank (for 1 year).

For Salaried People:

• Must be permanent or on a direct contract

• Net salary: Minimum Rs. 35,000 per month

• Salary must be credited for the last 6 months

For Business Owners:

• Must have a running business for 1 year

• Net income: Minimum Rs. 50,000 per month

• Maximum age: 64 years

Documents You Need:

• Proof of income (salary slip or business record)

• Bank statement for last 6 months

• CNIC / Smart NIC / NICOP copy

• Two photos (passport size)

• Filled application form

This new loan offer from Allied Bank is perfect for those who want to save fuel costs and reduce pollution. With easy rules and simple paperwork, the bank is helping more people move towards green transport.