LoanHissab note: This guide is for education and estimation only. Prices, rates and electricity tariffs change. Always confirm final terms with your bank or dealer.
With petrol close to Rs 400 a litre, more people are looking at electric bikes for the daily commute. The pitch is simple: pay a bit more upfront, then spend far less every month. But how much less, really? And what does an electric bike cost on installments?
We worked it out for four popular models and compared them honestly with a Honda CD 70.
Electric bike prices
These are ex-showroom prices from our September 2026 rate sheet:
| Model | Price |
|---|---|
| Jolta Electric Sparrow | Rs 144,900 |
| Metro T9 Sport Electric | Rs 179,000 |
| Jolta Electric JE-100L | Rs 239,900 |
| Honda ICON-E (Atlas Honda) | Rs 395,900 |
For comparison, a Honda CD 70 is Rs 159,900 and a CG 125 is Rs 226,500.
Monthly installments on a bank loan
We used a 20% down payment and a rate of 17.5% a year, roughly where Bank of Punjab, Meezan Bank and Bank Alfalah price bike finance.
| Model | Down payment (20%) | 12 months | 24 months | 36 months |
|---|---|---|---|---|
| Jolta Sparrow | Rs 28,980 | Rs 10,600 | Rs 5,759 | Rs 4,162 |
| Metro T9 Sport | Rs 35,800 | Rs 13,095 | Rs 7,115 | Rs 5,141 |
| Jolta JE-100L | Rs 47,980 | Rs 17,550 | Rs 9,535 | Rs 6,890 |
| Honda ICON-E | Rs 79,180 | Rs 28,962 | Rs 15,736 | Rs 11,371 |
Not every bank finances every electric model, so ask the dealer which lenders they work with. Some dealers also offer their own installment plans; compare the total you will pay, not just the monthly amount.
What you really save on fuel
Petrol bike. At Rs 398.30 a litre (OGRA, 9 October 2026), a CD 70 doing about 50 km a litre costs:
- about Rs 8,000 a month for 1,000 km
- about Rs 12,000 a month for 1,500 km
Electric bike. A typical electric bike uses roughly 2 to 3 units of electricity for a full charge and goes about 80 to 100 km on it. Most homes pay a base tariff of about Rs 29 to Rs 33 a unit in the 101 to 300 unit slabs, and more once taxes are added, so we assumed about Rs 50 a unit. That works out to:
- about Rs 1,400 a month for 1,000 km
- about Rs 2,100 a month for 1,500 km
Check your own electricity bill for your real per-unit cost. If charging pushes you into a higher slab, every unit in your bill can get more expensive, so watch your monthly total.
The saving: roughly Rs 6,500 a month at 1,000 km and Rs 9,800 a month at 1,500 km. You also skip engine oil changes and tune-ups.
But check the Petrol Relief Scheme first. Motorcycle owners get Rs 100 off per litre on up to 20 litres a month. If you use it, your CD 70 costs about Rs 2,000 less a month to run, and the electric bike’s advantage shrinks to around Rs 4,500 a month at 1,000 km. To register, send TOK to 9771.
Putting it together: loan plus running cost
Here is the full monthly cost on a two-year loan at 1,000 km a month, before the relief scheme:
| Monthly cost | Honda CD 70 | Jolta JE-100L |
|---|---|---|
| Installment (24 months) | Rs 6,355 | Rs 9,535 |
| Fuel or electricity | Rs 7,966 | about Rs 1,400 |
| Total per month | about Rs 14,300 | about Rs 10,900 |
So even with a bigger installment, the electric bike comes out about Rs 3,400 a month cheaper in this example. After the loan is paid off, the gap widens to the full fuel saving.
Things to check before you buy
- Range: will one charge cover your daily round trip with room to spare? Range drops with heavy riders, hills and age.
- Charging: do you have a safe place to charge at home overnight?
- Battery warranty: how many years, and what does a replacement battery cost? This is the biggest future expense on an electric bike.
- Service network: is there an authorised workshop in your city?
- Resale: the second-hand market for electric bikes is still young, so resale value is less certain than for a CD 70.
Calculate your own numbers
Pick any bike, change the down payment, lender and term in our Bike Loan Calculator and see your installment in seconds.
If you are leaning towards a petrol bike instead, our guide to Honda CD 70 and CG 125 installments shows what you will really pay.
Bike prices and bank rates are from our September 2026 rate sheet. Petrol is OGRA’s price of 9 October 2026. The electricity cost is an estimate based on NEPRA’s 2026 residential base tariffs plus taxes; check your own bill. All figures are indicative.
Work out your bike installment
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