PAVE Program 2025 Monthly Repayment Schedule Details pave.gov.pk
The Government of Pakistan has started the Pakistan Accelerated Vehicle Electrification Program (PAVE) 2025. The purpose of this program is to provide electric bikes and rickshaws on easy monthly installments. This step will help students, workers, women, and small business owners to get affordable and eco-friendly transport.
In this article, we will explain the PAVE Program 2025 Monthly Repayment Schedule Details in simple words. You will learn about the down payment, equity share, installment method, and company vehicles. By the end, you will clearly understand how the monthly repayment system works in this scheme. Check Also Sign Up for PM Electric Rickshaw, Bike, and Loader Scheme 2025
What is the PAVE Program 2025?
The PAVE Program 2025 is part of the government’s New Energy Vehicle Policy 2025–30. Its aim is to:
- Promote eco-friendly vehicles in Pakistan.
- Reduce fuel costs for citizens.
- Provide electric two-wheelers and three-wheelers at low cost.
- Support women, students, disabled people, and overseas Pakistanis.
Through this scheme, thousands of electric bikes and rickshaws will be distributed with subsidies and bank installment support.
Why Monthly Repayment Matters
Many people in Pakistan cannot afford to pay the full price of an electric vehicle in one go. The monthly repayment schedule helps them in these ways:
- Small fixed payments every month.
- No burden of paying all at once.
- Easy to manage with salary or daily income.
- Clear plan of how much will be paid and when.
This method makes electric bikes and rickshaws affordable for common citizens.
PAVE Program 2025 Monthly Repayment Schedule Details
The repayment schedule in this program is designed to keep payments simple and clear. Here are the main parts of the schedule:
1. Equity Participation
- Equity means the share a customer pays at the start.
- In this program, equity is kept very low so more people can apply.
2. Down Payment
- The down payment is the amount paid before getting the vehicle.
- For example, if a bike costs Rs. 249,000, the down payment is around Rs. 4,980 only.
- This is almost 2% of the total cost, which is very low compared to market standards.
3. Monthly Installments
- After paying the down payment, the rest of the amount is divided into equal monthly installments.
- The banks will provide the final schedule at the time of loan approval.
- Tentative plans show that installments are easy to pay even for low-income people.
4. Bank Involvement
- Many partner banks are part of this scheme.
- The banks will calculate the final installment plan based on loan disbursement.
- Customers can check repayment plans directly from banks before signing the agreement.
5. Customer Payment Example
- Vehicle Price: Rs. 249,000
- Down Payment: Rs. 4,980
- Remaining Amount: Rs. 244,020
- This amount will be divided into equal monthly installments, such as Rs. 2,900 to Rs. 3,500 depending on bank policy. Check Also PAVE Scheme 2025 Two Wheelers Electric Bike – Model Companies & Price
Vehicles Available Under PAVE 2025
Two-Wheelers (E-Bikes)
- Affordable electric bikes for students, women, and workers.
- Subsidized rates and low down payment.
- Monthly repayment plan makes them easy to own.
Three-Wheelers (E-Rickshaws and Loaders)
- Specially designed for small businesses and goods transport.
- Prices range between Rs. 665,000 and Rs. 1,050,000.
- Subsidies up to Rs. 80,000.
- Monthly installment between Rs. 8,000 and Rs. 10,000 depending on model and bank.
Benefits of the Monthly Repayment System
- Affordable Access
Anyone can own an electric bike or rickshaw without paying full cash. - Inclusive for All
Reserved quota for women, disabled people, students, and overseas Pakistanis. - Eco-Friendly Transport
Electric vehicles reduce fuel use and air pollution. - Support for Business
Rickshaw and loader installments help small shopkeepers and delivery workers. - Budget Friendly
Installments are planned to match the income level of common people.
Step-by-Step Guide to Apply
- Visit the official portal pave.gov.pk.
- Register with your CNIC and basic details.
- Choose your vehicle type (bike or rickshaw).
- Pay the application fee of Rs. 1,048 through National Bank of Pakistan.
- Wait for e-balloting results.
- If selected, the bank will share your monthly repayment schedule.
Example Companies and Models
- Pak Star Automobile (Pvt) Ltd – Tez Raftar 1800Watt (Price Rs. 800,000)
- Huaguan New Energy Resources (Pvt) Ltd – Voltix Cargo Loader (Price Rs. 665,000)
- Tezmo Motors (Pvt) Limited – Ricky 3000W (Price Rs. 1,050,000)
- Nova Mobility – Ecodost ECV350 (Price Rs. 1,000,000)
Each of these vehicles comes with different installment schedules, but all follow the same basic repayment system. Check Also PAVE Scheme 2025 Monthly Repayment Schedule and Installment Plan Details
Frequently Asked Questions (FAQs)
Q1: What is the focus of the PAVE Program 2025?
The program focuses on providing electric bikes and rickshaws on monthly installments with government subsidy.
Q2: How much is the down payment for bikes?
It is around Rs. 4,980 for a bike costing Rs. 249,000.
Q3: Who can apply for this scheme?
All Pakistani citizens aged 18–65 for bikes and 21–65 for rickshaws.
Q4: How long is the installment plan?
The exact time depends on the bank, but usually between 2–3 years.
Q5: Do I need a guarantor for the loan?
Yes, banks may ask for a guarantor depending on your financial record.
The PAVE Program 2025 Monthly Repayment Schedule Details show how easy it is for citizens to get an electric bike or rickshaw. With a very low down payment and small monthly installments, even low-income people can afford their own vehicle.
This program not only supports individuals but also encourages eco-friendly transport across Pakistan. If you are planning to buy an e-bike or e-rickshaw, now is the best time to apply.
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