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.