Electric Cycles on EMI

Looking for an eco-friendly way to commute? You can now purchase electric bicycles on EMI and split the total cost into convenient monthly instalments.

1 Mn+

Products on No Cost EMI

1.5 Lakh

Partner Stores

₹3 Lakhs

Max Pre-approved Loan
✓ 1 Mn+ products on EMI ✓ Loan limit of up to ₹3 Lakhs | Get the EMI Card today!

Buy an Electric Cycle on EMI

Due to the rising environmental consciousness, there is increasing demand for alternative modes of travel. The electric bicycle is the best option for an eco-friendly way to commute. Not only can it get you from point A to point B more sustainably, but also helps you stay fit. 

 

Apart from manual pedalling, electric bicycles also offer assisted pedalling thanks to a battery. However, these bicycles can be a bit expensive. Many sellers and card issuers provide EMI options for electric bicycles. You can buy an electric bicycle on EMI without a credit card using the Bajaj Finserv Insta EMI Card.

Latest Electric Bicycles and Their Features

Conveniently buy electric bicycles on EMI from over 1.5 lakh partner stores across 4,000+ locations using the EMI card. 

 

Here are some of the electric bicycles available in the market:

  • Gear Head Motors F Series Electric Cycle

This electric cycle is perfect for your daily commute, providing a smooth and efficient ride across city roads. Whether it's short trips or long rides, it’s built to handle both comfortably.

  • HIPPO RI-502 - 2020 E-BIKE 26T

This e-bike offers an eco-friendly way to get around, making your daily routes more convenient and comfortable. It's ideal if you’re just starting or aim to use it regularly.

  • Motovolt HUM (Standard/Normal Range)

This model is a practical choice for your everyday needs, striking a great balance between performance and ease of use for errands or short trips.

  • Leader E-Power L6 27.5T

This electric bicycle gives you a stable and comfortable ride, making it a reliable option for your regular commutes or weekend outings.

 

Before deciding on which of these bicycles to buy, compare their features, specifications, prices, and EMI plans:

Feature

Gear Head Motors F Series Electric Cycle

HIPPO RI-502 - 2020 E - BIKE 26T

Motovolt HUM (Standard/Normal Range)

Leader E-Power L6 27.5T

Motor

250W 

250W

216wh

250W

Battery

36V 10.4 Ah

36V 7.5 Ah

36V

36V 7.8Ah

Removable Battery

Yes

Yes

Yes

Yes

Frame 

Carbon Steel

Steel

Steel

Steel

Wheel Size

27.5 × 2.1"

26 x 2.35”

26"-2.10"

27.5” x 2.40”

Brakes

Dual Disc

Dual Disc

Dual Disc

Dual Disc

Price (in ₹)

₹38,999

₹51,000

₹34,849

₹60,000

EMIs Starting from  (in ₹)

₹8,900/m

₹6,816/m

₹2,538/m

₹4,375/m

Disclaimer: Please note that the prices and product details mentioned above are only indicative. The products’ prices and/or availability are subject to change without prior notice.

Eligibility Criteria & Documents Required to Get the Bajaj Finserv Insta EMI Card

How to Buy Electric Bicycles on EMI

You can easily buy an electric bicycle on EMI using the Bajaj Finserv EMI Network Card. Simply follow these steps:

  1. Visit your nearest partner store selling electric bicycles

  2. Browse and choose the bicycle that suits you

  3. Select the Bajaj Finserv Insta EMI Card as your payment method

  4. Review the available EMI plans and choose a convenient tenor

  5. Provide your card details to the cashier for verification

  6. Confirm the payment with the OTP sent to your registered number 

Advantages of Purchasing Electric Cycle Using the Insta EMI Card

With flexible EMI options, you can buy an electric bicycle without straining your budget. Here are the other benefits of using this card:

  • Access a pre-approved loan limit of up to ₹3 Lakhs

  • Buy without using a credit card at Bajaj Finserv partner stores

  • Minimal or no down payment required, depending on your eligibility for the feature

  • Choose repayment tenors of up to 60 months to repay comfortably

  • Foreclose your loan at any time after the first EMI payment with no extra charges

  • Enjoy easy EMIs with no interest charges 

Frequently Asked Questions

Can I buy an electric cycle on EMI?

Yes. With a Bajaj Finserv Insta EMI Card, you can purchase your favourite electric bicycle on EMI from any of the Bajaj Finserv partner stores at zero interest.

Can I buy an electric cycle with a Bajaj Finserv EMI Network Card?

Yes. You can buy an electric cycle from any one of the Bajaj Finserv partner stores on easy EMI. This enables you to split the cost into instalments without paying any added interest.

Do I have to make a down payment when I pay using the EMI Network Card?

The down payment amount depends on the cycle you want to purchase and the partner you are buying from. It can also depend on the repayment tenor you choose. It can either be zero or a minimal amount that you need to pay upfront.

Do I have to pay any interest rate for buying cycles using the EMI Network Card?

No, you can buy cycles on EMI without incurring any extra interest cost using the Bajaj Finserv Insta EMI Card. The cost of your cycle will be divided into monthly instalments as per the repayment tenor you opt for.

Do electric cycles require a licence?

No. Since electric cycles are regular bicycles that are powered by an electric motor, you do not require a separate licence to ride them.

How fast is an electric bicycle?

Depending on the model that you opt for, an electric bicycle can reach a top speed of up to 25 kilometres per hour.

Is it good to buy an EV bike?

Yes, buying an electric bicycle can be a good choice. It offers several benefits, including:

  • Lower running costs 

  • Eco-friendly transportation that reduces your carbon footprint

  • Easier commutes, especially for short to medium distances

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