Going Green with an Interest-Free Electric Bike

Going Green with an Interest-Free Electric Bike

You have many options if you want to buy an electric bike in the UK. There are bike-selling stores everywhere you can walk into, and you can order an eBike online.

But, irrespective of how you get your e-bike, you must consider financing. Electric bikes are more expensive than regular bikes. To get a high-end one, you will pay multiple thousand pounds.

However, you don't always have to pay from your pocket. Like electric cars, you can get electric bikes on loans. Usually, an initial deposit is necessary, after which you pay monthly instalments.

Most people avoid purchasing electric bikes on loan because of interest. They don't want to pay more than they would if they paid for the bike at once.

An interest-free electric bike is your best bet if you have such considerations. They are what the name says: electric bikes available on loan without any extra cost. Read on to find out how to leverage this.

How To Get an Interest-Free Electric Bike Loan in the UK

Check out the options for getting an interest-free electric bike loan in the UK:

NetZero Scotland

Scotland, like all UK, has a net-zero target. As a result, the government is encouraging citizens to switch to eco-friendly electric vehicles. Part of the government's efforts is offering interest-free eBike loans.

In Scotland, you can get an eBike worth up to £6,000 on loan without interest. The loans are without interest because Transport Scotland provides the funding.

You either go for two eBikes priced at £3,000 each or one eBike priced at £6,000. There are options for higher-value eBikes, which are also subject to assessment. Interestingly, you have up to four years to repay the loan.

How To Apply for NetZero Scotland Interest-Free eBike Loan

You must first be eligible to apply for the NetZero Scotland interest-free eBike loan. To confirm your eligibility, contact the organisation by phone or email or submit a contact form.

Before applying, here are some things to note about the eBike loan:

  • You must make an initial deposit and be able to repay the loan within four years. Hence, you will undergo credit checks and other assessments to verify your financial status.
  • The loan must go towards purchasing an electric bike that meets UK Government regulations.
  • The loans are exhaustible. In other words, they are not always available, and the organisation awards on a first-come, first-served basis.

Sustrans E-Move

Sustrans is another UK organisation that issues interest-free electric bike loans. Funded by the Welsh Government, the loan is available to people in select regions in Wales: Aberystwyth, Rhyl, Barry, Swansea, and Newtown.

About twenty electric bikes from Sustrans E-Move are available in the mentioned areas. You may still apply if you reside close to any of them.

Most of the available eBikes are standard. A few are cargo bikes exclusive to businesses and organisations. However, note that it's a temporary loan offer, as you only get the eBike for four weeks (one month).

How To Apply for Sustrans E-Move Interest-Free eBike Loan

You will contact an officer in your area to apply for the Sustrans E-Move interest-free eBike loan. On the organisation's website, you'll find the contact of the different officers for the different areas.

The officer will walk you through the process after confirming your eligibility. But you have to complete an application form and sign a loan agreement. Afterwards, you'll get a date to pick up an electric bike.

To be eligible for this interest-free eBike loan, you must:

  • Live in any of the previously mentioned areas or surrounding areas.
  • Live in a place accessible by bike.
  • Intend to replace your car trips with an electric bike.
  • Be over eighteen years old and can safely ride an electric bike.

eBike Shop Loans

Many eBike shops over zero per cent interest loans. Eskute also offers interest-free eBike loans you can take advantage of. Please browse through our catalogue of electric bikes and explore the financing options below to get one.

Financing Options at Eskute

You have two options to get an interest-free electric bike loan on Eskute. The first is paying via PayPal, and the second is paying via Klarna.

The PayPal Credit option is an easy way to get an interest-free eBike from Eskute and repay in four equal instalments. The payment window is every thirty days, so you have four months to repay the loan.

To apply, you must first have a PayPal credit limit on your PayPal account. Generally, PayPal credit allows you to make $99 and above payments with no interest. You only pay interest if you fail to repay the loan within the promotional period.

For example, if your loan repayment duration is six months, you'll pay interest on the seventh month if you're not done repaying. To avoid this, you must make minimum monthly payments every month.

If you have PayPal credit, you must meet the following eligibility requirements to qualify for the Eskute interest-free loan:

  • You must be in the UK.
  • You must be at least eighteen years old.
  • You must not have been declared bankrupt recently.
  • You must have a good credit history.
  • You must have a job and earn not less than £7,500 per year.

If you meet the above requirements, you're good to go. All you need to do is choose the PayPal Credit option when you check out. Your bike becomes available for pick up or delivery if your initial payment is successful.

The Klarna payment option is similar to that of PayPal. The primary difference is that with Klarna, you repay the interest-free loan in three equal instalments. In other words, you have three months to repay the loan.

However, getting an interest-free eBike from Eskute via Klarna is more straightforward than with PayPal. You only need to enter your credit or debit card details. Subsequently, you get automatically charged every thirty days until you pay completely.

To know if you're eligible for the Klarna payment option, you'll enter some personal details as you checkout. The eligibility checking system is automatic; you'll get an email once complete. These are the requirements you must meet:

  • You must be at least eighteen years old.
  • You must have a UK bank account.
  • You must have a verifiable UK residential address.

If you pass the check, you can enter your card details and make the first payment. Note that the card will pay all subsequent charges to repay the loan. However, it's possible to change the card. But you'll do that from your Klarna account, not on Eskute.


Currently, the Scottish and Welsh governments sponsor interest-free electric bike loans in the UK. However, the best option is that of the Scottish government, as you own the eBike after repaying within four years.

With Scotland and Wales setting the pace, it's only a matter of time before other countries – England and Northern Ireland – join.

However, not only the governments offer interest-free electric bike loans. As discussed, interest-free electric bikes are also available at many eBike stores, including Eskute.

Our eBikes at Eskute are relatively affordable. So, you will find the loan repayment convenient with any of our flexible finance options.

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