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E-Bike Loan- Scotland Leading The Way.

The e-bike revolution is taking the UK by storm and forever changing the way we commute if you are thinking of investing in e-bike continue reading this blog to discover Scotland’s exciting funding opportunities available through Energy Saving Trust funded by Transport Scotland (an agency of the Scottish Government).

E-bikes offer the perfect solution if you are looking for a greener commute, especially if your route is slightly hilly and would be too much for a pedal bike. For all those looking at making the investment and living in Scotland, you could be interested in an interest-free loan to buy an E-bike scheme funded by Transport Scotland. Here’s a breakdown of the bike loan scheme:

Loans are capped at £6,000 and are repayable over 4 year period per household that entitled you to:

  • 2 X E-bikes at £3,000 each

  • 1 X family e-cargo bike capped at £6,000

  • 1X adapted e-bike capped at £6,000

Apart from the deposit, you must not make any other contribution towards the purchase of the e-bike prior to receiving your loan as funding is not provided retrospectively.

If you are looking to get into the e-bike game check out the UK governments eligibility criteria for Scotland. If you are not sure and would like to test the waters before you commit to take a look at home energy Scotland for short-term e-bike loans. For further information and to take advantage of this deal call Home Energy Scotland free on 0808 808 2282.

Things to note

  • The loan is only available for up to £6,000 per household, although there is no limit to the number of bikes per household

  • There are no administrative fees

  • You have 4 years to make the repayments

  • Applications are the first-come-first-serve subject to availability

  • Applications are subject to credit and affordability checks

  • Your loan cannot be applied after the e-bike has been paid for in full

  • Apart from the deposit applicants must not make any other payment towards the e-bike before being offered a load from the energy saving trust.

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