pave.gov.pk Monthly Repayment Schedule
pave.gov.pk Monthly Repayment Schedule is a landmark initiative of the Government of Pakistan under the PAVE program. The goal of this project is to provide citizens with affordable and eco-friendly vehicles that can reduce their dependence on petrol and help lower transportation costs. With electric mobility gaining global importance, Pakistan is taking a positive step by offering electric bikes and rickshaws at subsidized rates through an easy repayment system.
This scheme is especially beneficial for students, delivery riders, small-scale entrepreneurs, and daily wage earners who struggle with high fuel expenses. Instead of paying heavy upfront costs, citizens can now own an electric vehicle with government support and pay back the financed amount in interest-free installments spread over 2 to 3 years.
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Who Can Apply and What Are the Requirements?
The eligibility criteria for this program are designed to be inclusive yet fair. Applicants must be Pakistani citizens holding a valid CNIC. For electric bikes, the age limit is between 18–65 years, while for rickshaws and loaders, it is 21–65 years. This ensures that the vehicles go into the hands of individuals who are not only capable of using them but also responsible enough to repay their installments on time.
In addition to age requirements, every applicant needs to make a 20% equity downpayment, which will serve as their share of responsibility in the purchase. Applicants also need to register themselves through the official pave.gov.pk portal and wait for the final selection, which will be conducted via a computerized e-balloting process.
Quick Eligibility Requirements:
- Pakistani nationality with valid CNIC
- Age: 18–65 (2-wheelers), 21–65 (3-wheelers)
- 20% downpayment required at the time of booking
- Registration through pave.gov.pk portal
- Final selection via e-ballot system
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Subsidy, Loan Caps, and Installment Terms
A key attraction of this scheme is the government subsidy that reduces the initial vehicle cost for buyers. For two-wheelers, a subsidy of up to Rs. 50,000 is provided, while for three-wheelers, the subsidy can go as high as Rs. 200,000. After deducting the subsidy, the remaining amount is financed by banks through interest-free loans.
The repayment plan is also very flexible. For electric bikes, the loan tenure is 24 months (2 years), while for rickshaws and loaders, it is 36 months (3 years). On top of this, a 2% insurance fee is charged to cover risks like theft or accidents, while stamping charges and registration fees are paid separately as part of the downpayment.
Key Financing Highlights:
- Subsidy: Rs. 50,000 (2-wheelers), Rs. 200,000 (3-wheelers)
- Loan cap: Rs. 200,000 (2W), Rs. 880,000 (3W)
- Loan tenure: 24 months (2W), 36 months (3W)
- Insurance rate: 2% annually
- Interest-free installments, easy repayment
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Sample Vehicles and Estimated Monthly Installments
The government has shared examples of popular electric vehicle models with their estimated monthly installment amounts. These calculations include the subsidy, equity participation, and repayment terms, making it easier for applicants to understand the affordability of this scheme.
Here is a sample table with popular models and their estimated monthly installments:
| Company | Model | Type | Price (Rs.) | Subsidized Price | Est. Monthly (Rs.) |
|---|---|---|---|---|---|
| Vitality Electric | VELOCITY | 2-Wheeler | 249,000 | 200,000 | 8,674 |
| Jolta Electric | JE-70L | 2-Wheeler | 237,900 | 187,900 | 6,263 |
| MS Automobiles | Jaguar BOLT | 2-Wheeler | 234,900 | 187,920 | 6,163 |
| Road Prince (Eiffel) | Yadea M3H | 2-Wheeler | 250,000 | 200,000 | 8,333 |
| Sazgar Engineering | Shuttle (90Ah) | 3-Wheeler | 1,160,000 | 960,000 | 21,333 |
| Pak Star | Tez Raftar 1800W | 3-Wheeler | 800,000 | 600,000 | 13,333 |
| Nova Mobility | Ecodost | 3-Wheeler | 1,200,000 | 1,000,000 | 22,222 |
| Huaguan Energy | Voltix Loader | 3-Wheeler | 665,000 | 465,000 | 10,333 |
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Application Process on pave.gov.pk
The government has simplified the application process by making it fully digital. Applicants can easily register through the official website pave.gov.pk by entering their CNIC, contact information, and selecting their preferred vehicle model. After registration, applicants are required to submit their downpayment and wait for the e-balloting process to confirm their selection.
Steps to Apply:
- Visit pave.gov.pk and create an account
- Enter CNIC and personal details
- Choose your vehicle type and dealer
- Pay equity downpayment and related charges
- Wait for e-ballot results and bank verification
Benefits of the PM E-Bike and Rickshaw Scheme 2025
The scheme is not just about providing affordable vehicles but also about shaping the future of Pakistan’s transport system. By encouraging citizens to adopt electric vehicles, the government aims to reduce fuel imports, improve air quality, and create new economic opportunities.
Major Benefits Include:
- Affordable transport through easy installments
- Reduction in fuel costs for families and businesses
- Environmental benefits through lower emissions
- New employment opportunities for riders and entrepreneurs
- Government-backed, interest-free financing
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Conclusion
The PM E-Bike and Rickshaw Scheme 2025 under the PAVE program is a forward-looking initiative that addresses both economic and environmental challenges. By offering subsidies, flexible installment plans, and transparent selection through e-balloting, the government is empowering citizens to switch to cleaner, more affordable, and reliable transport.
With the application process available at pave.gov.pk, thousands of Pakistanis can now dream of owning an electric bike or rickshaw without bearing the burden of high upfront costs. This scheme is not only a financial relief but also a step toward sustainable mobility in the country.
You Can Also Read: pave.gov.pk register and sign up
