Bank of Punjab E-Bike Scheme 2026 — Installments, Documents & Branch Guide
Complete guide to the BOP installment plan, monthly payment breakdown, how to open a Bank of Punjab account, and what to do after selection under the CM Punjab E-Bike Scheme.
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What is the Bank of Punjab E-Bike Scheme?
The Bank of Punjab (BOP) E-Bike Scheme is not a standalone scheme — it is the official financing mechanism behind the CM Punjab E-Bike Scheme launched by Chief Minister Maryam Nawaz Sharif. When you apply online at bikes.punjab.gov.pk and are selected through the PITB balloting system, the Bank of Punjab is the institution that processes your bike loan and handles all financial paperwork.
In simple terms: the Punjab Government selects you, and the Bank of Punjab funds your bike. The government then pays the entire markup (interest) and insurance cost on your behalf — meaning you only repay the principal amount of the loan, split into easy monthly installments over up to 3 years.
Bank Alfalah is a secondary finance partner in certain districts. If BOP is not your nearest option, applicants in some areas may be directed to Bank Alfalah under identical terms.
- Rs. 20,000Government equity subsidy on your bike
- 0%Markup for you — fully paid by Punjab Govt
- 3 yearsMaximum loan tenure for easy installments
- 700+BOP branches across Punjab
Why BOP? Why Not a Regular Bike Loan?
A regular bank bike loan in Pakistan carries interest rates of 18–24% per annum, making a Rs. 150,000 bike cost Rs. 200,000+ over 3 years. Under the BOP E-Bike Scheme, the government absorbs all interest — you repay only what the bike costs. This is the central benefit of the scheme and what makes it genuinely affordable for students and daily wage workers.
BOP Installment Estimator
Select your bike type and loan tenure to estimate your monthly BOP installment under the CM Punjab E-Bike Scheme.
- Monthly Payment
- —
- Government Subsidy
- Rs. 20,000
- Markup
- Zero — paid by Punjab Government
- You Save vs Market Loan
- —
⚠ Estimates are indicative. Final figures depend on your specific bike model, BOP branch confirmation, and any applicable processing charges. Markup is fully covered by the Punjab Government.
BOP Installment Plan — Full Breakdown Table
Here is a detailed comparison of monthly installments across the most common bike prices and tenures under the CM Punjab E-Bike Scheme financed by the Bank of Punjab.
| Bike Type & Price | 1-Year Plan | 2-Year Plan | 3-Year Plan | Govt Saves You |
|---|---|---|---|---|
| E-Bike — Rs. 150,000 | ~Rs. 10,833/mo | ~Rs. 5,417/mo | ~Rs. 3,611/mo | ~Rs. 45,000 in markup |
| E-Bike — Rs. 200,000 | ~Rs. 14,167/mo | ~Rs. 7,083/mo | ~Rs. 4,722/mo | ~Rs. 60,000 in markup |
| E-Bike — Rs. 250,000 | ~Rs. 17,500/mo | ~Rs. 8,750/mo | ~Rs. 5,833/mo | ~Rs. 75,000 in markup |
| Petrol Bike — Rs. 90,000 | ~Rs. 5,833/mo | ~Rs. 2,917/mo | ~Rs. 1,944/mo | ~Rs. 27,000 in markup |
| Petrol Bike — Rs. 120,000 | ~Rs. 8,333/mo | ~Rs. 4,167/mo | ~Rs. 2,778/mo | ~Rs. 36,000 in markup |
| Petrol Bike — Rs. 150,000 | ~Rs. 10,000/mo | ~Rs. 5,000/mo | ~Rs. 3,333/mo | ~Rs. 45,000 in markup |
All figures are principal-only estimates after deducting the Rs. 20,000 government equity subsidy. No markup charged. Processing fee may apply. Verify exact figures at your BOP branch.
What to Do After Selection — 6-Step BOP Process
Wait for Your Selection SMS
After balloting, successful applicants receive an official SMS from the scheme authority. This message will include your Application ID and the name and address of your assigned Bank of Punjab branch. Do not visit any branch before receiving this SMS.
Check your result anytime using the CNIC result checker on this site or by sending your CNIC to 8008.Visit Your Assigned BOP Branch
Go to the specific Bank of Punjab branch mentioned in your selection SMS. Take a token and inform the staff you are there for the E-Bike Scheme. Bring all original documents — do not bring photocopies alone.
Visit within the deadline given in the SMS — typically 15–20 working days from selection.Open a BOP Current or Savings Account
If you do not already have a Bank of Punjab account, BOP staff will open one for you free of charge as part of the scheme process. The account is required to route the loan disbursement and process your monthly installments. Bring your original CNIC and two recent passport photographs.
Sign the Facility Letter and Pay Your Equity
BOP will prepare a loan facility letter showing the bike price, the Rs. 20,000 government subsidy, your remaining equity amount (30% of bike price minus Rs. 20,000), and the monthly installment schedule. Review it carefully and sign. Pay your equity share in cash or via your BOP account.
Punjab Govt pays Rs. 20,000 of your equity automatically — you only pay the remaining balance.Get Your Delivery Order and Choose Your Bike
After signing, BOP issues a Delivery Order (DO). Take this to the assigned bike dealer. You can select your preferred model from the scheme’s approved bike catalogue at the dealership. Present your original CNIC and Delivery Order to the dealer.
Receive Your Bike and Begin Installments
The dealer registers the bike, issues insurance, and hands over the keys. Your first BOP installment is due 30 days from the date on your facility letter. Set up a standing instruction or reminder to avoid late payments.
Documents Checklist — BOP Branch Visit
Documents Checklist
Tick off each document as you prepare it for your BOP branch visit. Bring originals — do not bring photocopies alone.
BOP Branch Coverage — E-Bike Scheme
BOP operates 700+ branches across Punjab. City-wise branch coverage under the E-Bike Scheme:
- Lahore120+ BOP branches
- Rawalpindi60+ BOP branches
- Faisalabad55+ BOP branches
- Gujranwala40+ BOP branches
- Bahawalpur35+ BOP branches
- Sialkot30+ BOP branches
- Sargodha28+ BOP branches
- Sahiwal22+ BOP branches
- Dera Ghazi Khan20+ BOP branches
- Sheikhupura18+ BOP branches
- All Other Districts200+ branches district-wide
Bank of Punjab vs Bank Alfalah — E-Bike Scheme Comparison
| Feature | Bank of Punjab (BOP) | Bank Alfalah |
|---|---|---|
| Role in Scheme | Primary finance partner | Secondary finance partner |
| Account Required | Yes — BOP account (free to open) | Yes — Bank Alfalah account |
| Markup / Interest | Zero — paid by Punjab Govt | Zero — paid by Punjab Govt |
| Govt Subsidy Applied | Rs. 20,000 automatically | Rs. 20,000 automatically |
| Loan Tenure | Up to 3 years | Up to 3 years |
| Branch Availability | 700+ Punjab branches | 400+ Pakistan branches |
| Assigned By | Based on your district | Based on your district |
You do not choose your bank — it is assigned based on your district and which bank is processing your area’s applications in the current phase.
Common Mistakes That Delay Your BOP Processing
Most delays at the Bank of Punjab stage are caused by avoidable mistakes. Here are the ones branch staff see most often:
- Visiting a branch before receiving your selection SMS. BOP only processes applicants who have been selected through balloting — do not visit any branch before receiving the SMS naming your assigned branch.
- Bringing photocopies instead of originals. The branch needs your original CNIC plus two photocopies (front and back). Photocopies alone will send you home.
- Missing the visit deadline. You typically have 15–20 working days from selection to complete the branch visit. Mark the date from your SMS and go early in that window.
- Leaving your registered SIM at home. The mobile number registered against your CNIC must be physically present for OTP verification at the branch.
- Arriving unsure about the equity amount. Your upfront equity is 30% of the bike price minus the Rs. 20,000 government subsidy — confirm the exact figure with BOP before visiting so you carry the right amount.
BOP E-Bike Scheme — FAQs
Common questions about BOP financing, installments, documents, and the branch process.
Do I need a BOP account to apply for the E-Bike Scheme?
No. You do not need a BOP account to submit the initial online application at bikes.punjab.gov.pk. However, if selected, you must open a BOP account before you can receive the bike. The account is opened free of charge at your assigned BOP branch as part of the post-selection process.
What is the exact monthly installment for BOP E-Bike Scheme?
Monthly installments depend on the bike price and tenure you choose. For a Rs. 150,000 e-bike over 3 years, the estimated principal-only monthly payment is around Rs. 3,600–4,200. Since the Punjab Government pays all markup, there is no interest component. Use the calculator above for a more specific estimate based on your bike type.
How much is the down payment for BOP E-Bike Scheme?
You are required to pay 30% of the bike price as equity. The Punjab Government contributes Rs. 20,000 directly from this 30%, reducing what you pay upfront. For example, for a Rs. 150,000 bike, 30% is Rs. 45,000. Subtract the Rs. 20,000 government subsidy and your actual upfront payment is Rs. 25,000.
What is the BOP helpline number for the E-Bike Scheme?
For BOP-specific queries related to the E-Bike Scheme, call the Bank of Punjab customer service at 042-111-333-267. For scheme-related queries (selection status, eligibility), use the CM Punjab helpline at 0800-02345 (toll-free). For the fastest status check, send your 13-digit CNIC to 8008 via SMS.
Can I get an E-Bike Scheme loan from BOP without being selected in balloting?
No. The BOP E-Bike Scheme loan is exclusively for applicants selected through the Punjab Government’s official balloting system managed by PITB. You cannot walk into a BOP branch and request an e-bike loan under this scheme without going through the online application and selection process first at bikes.punjab.gov.pk.
What happens if I cannot pay my BOP installment?
If you anticipate difficulty making a payment, contact your BOP branch immediately before the due date. BOP may be able to restructure the payment schedule in genuine hardship cases. Persistent non-payment can lead to a late fee, a negative entry on your State Bank credit history, and potentially the recovery of the bike. Do not ignore missed payments.
Is Bank Alfalah also involved in the E-Bike Scheme?
Yes. Bank Alfalah is a participating finance partner in the CM Punjab E-Bike Scheme in certain districts. Whether your application is processed through BOP or Bank Alfalah depends on your area and the branch assignment made by the scheme authority. Both banks operate under identical terms with the same government subsidy and zero markup.
Can I repay the BOP E-Bike loan before the full 3 years?
Yes, early repayment is allowed and there is no prepayment penalty. Since there is no markup charged, early repayment simply reduces your outstanding principal balance. Visit your BOP branch or call 042-111-333-267 to request an early repayment statement showing the exact amount required to close the loan.
What is BOP status in the e-bike scheme?
“BOP status” refers to the stage of your application at the Bank of Punjab after you are selected — for example, whether your branch visit, account opening or delivery order is still pending. BOP handles financing only; selection happens first through the scheme’s balloting system. See our BOP status explainer for the full breakdown.
Can I choose Bank Alfalah instead of BOP?
No. Your bank is assigned based on your district and which bank is processing your area’s applications in the current phase. Both banks operate under identical terms — zero markup, the same Rs. 20,000 government subsidy and up to 3 years tenure.
Check Your E-Bike Application Status
Enter your CNIC to see your selection result in seconds — then visit your assigned BOP branch with the checklist above.