Complete PAVE EV Partner Banks List 2025 – Apply Now
The Complete PAVE EV Partner Banks List 2025 has been announced to make it easier for citizens to apply for subsidized electric motorcycles, rickshaws, and loaders. Through this program, the government has joined hands with leading banks across Pakistan to provide smooth financing, loan processing, and subsidy transfer. Applicants can now choose from a wide range of partner banks according to their region and preference.
The purpose of involving partner banks is to bring transparency and convenience to the PAVE EV Program. Instead of dealing with long manual procedures, applicants can simply register online, select a bank, and follow a clear process for loan approval and subsidy adjustment. This system also ensures that people in both urban and rural areas can benefit without unnecessary delays.
By creating partnerships with trusted financial institutions, the government is building confidence among citizens. Banks like NBP, BOP, HBL, UBL, and many others are working together to make eco-friendly transport more accessible. With this collaboration, the PAVE scheme is not just about providing vehicles but also about creating a reliable financial support system for applicants.
Why Partner Banks Are Important for the PAVE EV Program
The role of partner banks in the PAVE EV Program is very crucial. Without banks, applicants would face difficulties in getting loans, verifying documents, or receiving subsidies. Partner banks ensure:
- Smooth loan disbursement for applicants.
- Easy installment plans for paying the remaining cost.
- Transparent subsidy transfer to reduce the financial burden.
- Reliable customer service and account management.
Because of these reasons, knowing the Complete PAVE EV Partner Banks List 2025 is very important before applying.
Complete PAVE EV Scheme Banks List 2025
Here is the official list of partner banks working under the PAVE EV Scheme 2025. All of these banks are part of the government’s network to support applicants nationwide:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Sindh Bank
- Bank of Khyber (BOK)
- Allied Bank Limited (ABL)
- Askari Bank Limited
- Bank Alfalah Limited
- Habib Bank Limited (HBL)
- JS Bank Limited
- MCB Bank Limited (MCB)
- Soneri Bank Limited
- United Bank Limited (UBL)
- Meezan Bank Limited
- Bank Islami Pakistan Limited
- Al Baraka Bank (Pakistan) Limited
- Faisal Bank
- SAMBA Bank Limited
This Complete PAVE EV Partner Banks List 2025 covers almost all leading commercial banks of Pakistan, making it easy for citizens in different regions to participate.
PAVE Subsidy Application Process 2025
The application process is simple. Applicants who want to benefit from the PAVE EV Program 2025 must follow these steps:
- Visit the official portal (pave.gov.pk).
- Fill in the online application form with your personal and CNIC details.
- Choose your preferred partner bank.
- Select from the Complete PAVE EV Partner Banks List 2025 while applying.
- Attach required documents.
- CNIC, proof of income, address, and other details may be needed.
- Loan processing by the bank.
- The selected partner bank will verify details and process your loan application.
- Approval and subsidy transfer.
- Once approved, the subsidy will be adjusted, and you will pay the remaining cost in installments.
Regional Coverage of PAVE EV Partner Banks List 2025
The government has made sure that applicants in every province can benefit.
- Punjab: Bank of Punjab (BOP), Allied Bank, HBL, UBL, Meezan Bank, MCB.
- Sindh: Sindh Bank, Bank Alfalah, JS Bank, Soneri Bank, Al Baraka Bank.
- Khyber Pakhtunkhwa: Bank of Khyber, Askari Bank, HBL, UBL.
- Nationwide: NBP, HBL, UBL, Meezan Bank, MCB – all have branches across Pakistan.
This shows that no matter where you live, the Complete PAVE EV Partner Banks List 2025 ensures accessibility.
Benefits of Electric Vehicle Subsidy Pakistan 2025 Partner Banks
When you apply through any of the listed banks, you enjoy several benefits:
- Subsidy adjustment up to Rs. 80,000 for e-bikes and Rs. 400,000 for e-rickshaws/loaders.
- Easy installment financing with low monthly payments.
- Nationwide branch network for hassle-free service.
- Islamic financing option available through Meezan Bank, Al Baraka Bank, and Bank Islami.
- Digital banking support for online payments and tracking.
Why Partner Banks Are Attached with the PAVE EV Program 2025
The government decided to attach partner banks with the PAVE EV Program because banks provide the most reliable financial support system. Instead of citizens struggling with heavy upfront payments, banks help them by offering easy loans and flexible installments.
This makes the electric vehicles more affordable for students, women, delivery riders, and small business owners. At the same time, partner banks also ensure transparency by verifying documents and directly adjusting the subsidy, so applicants don’t have to worry about hidden charges or delays.
Through these banks, people across Pakistan—from big cities to small towns—get equal opportunities to join the scheme. This collaboration not only reduces financial stress but also builds public trust, as citizens feel secure dealing with recognized banks rather than unknown channels.
FAQs About PAVE EV Program Partner Banks 2025
1. How many banks are part of the PAVE EV Program 2025?
A total of 17 partner banks are officially part of the program to provide subsidy and loan facilities.
2. Can I choose any bank from the list?
Yes, applicants can select any bank from the Complete PAVE EV Partner Banks List 2025 according to their region and preference.
3. Do all banks provide Islamic financing?
Not all banks, but options like Meezan Bank, Bank Islami, and Al Baraka Bank provide Shariah-compliant financing.
4. What documents are required to apply?
Basic documents include CNIC, proof of income, address, and sometimes a guarantor depending on the bank’s policy.
5. Is subsidy available for both e-bikes and e-rickshaws?
Yes, banks will provide financing for both with subsidies of Rs. 80,000 for e-bikes and Rs. 400,000 for e-rickshaws/loaders.
6. Can I apply online without visiting the bank?
Yes, the initial registration is online at pave.gov.pk, but for loan processing, you may have to visit your chosen bank.
7. Are partner banks the same for all provinces?
Yes, most banks are nationwide, but some like Sindh Bank or Bank of Khyber mainly serve specific provinces.
Conclusion
The Complete PAVE EV Partner Banks List 2025 includes all major banks of Pakistan to ensure maximum participation in the government’s electric vehicle scheme. With easy loan options, subsidy support, and nationwide availability, these partner banks make it simple for citizens to apply for e-bikes, rickshaws, and loaders.
If you are planning to join the PAVE EV Partner Banks List 2025, check this list carefully and select the bank that suits your region and financing needs. By applying now, you can take full advantage of the government’s subsidy and move towards eco-friendly transport.
