8 Best E-Bike Financing Options in the UK

Last Updated on January 29, 2024 by Igor Karni

Equal to the number of e-bike brands now available in the UK are the myriad financing options also readily available to consumers. Indeed, UK riders are fortunate in that they have more to choose from when it comes to agencies and companies that offer e-bike financing compared to other countries. It’s safe to say that a lot of the options cater to most people’s financing needs, regardless of whether. 

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This is why if you are looking for the best option for you, then simply take a couple of minutes of your time to read through our complete list below. We have conducted thorough research of every option available and linked to each one, so you won’t have to take these steps yourself. For better reference, we have arranged the selections according to separate categories, namely options by brand, retailers, and banks, among others. 

Read also: Top trusted electric bicycle brands in the UK. And, Top specialized e-bike insurance companies in the UK.

Requirements to finance your electric bicycle in the UK

E-bike financing in the UK is largely different from bike financing, but there are areas with regard to requirements that they overlap. Keep in mind that it’s best to confirm these requirements from whichever company or agency you choose for your purposes. At best, these are just the basic requirements.

• The buyer must be a UK resident for at least 3 years.
• Must be over 18 years old and under 75 years old.
• Must be in regular employment or able to prove adequate, consistent income. If retired, the buyer should be receiving a regular pension.  
• A good credit file history. 
• The bought e-bike must adhere to the UK government’s criteria for eligibility. 

Usually, as in the case of Giant, for example, submission of a credit agreement will be required after approval, as well as one valid ID and one utility bill. Certain household income requirements are usually placed as well, such as the £10,000 minimum for the said company. With that said, the UK’s e-bike financing requirements are comparatively more rigorous than in countries like Canada. 

Read also: Best e-bike financing options in the USA, the UK, Canada, Australia. And, Rent, buy, or lease an e-bike?

It’s not nearly impossible to be accepted, though, and doing so is well worth it, considering the reasonable loan terms that plenty of these options offer – not least, and the most common of which is 0% financing. 

That said, the following table should give you a relatively complete overview of everything you can avail of as a UK resident. Simply scroll further down to learn about the terms of each one. 

Leading E-bike Financing Organizations in the UK

Creation Consumer Finance

Duologi

Energy Saving Trust

Ideal4Finance

Klarna

Payl8r

PayPal Credit

V12 Finance

E-bike Financing by Type of Financing Available

Type of Financing	Options Available
Financing by E-bike Brands	Batribike (via Duologi) Cyclotricity  Eco Voltz  EMU (via Paypal Credit) EZ EBike (via Paypal Credit) Giant (via Klarna, Paypal Credit, and Creation Consumer Finance) Raleigh (via Klarna) Ribble Cycles (via V12 Finance) Wisper (via V12 Finance) Volt Bikes
Financing by E-bike Retailers	All Terrain Cycles Blackpool Electric Bikes (via V12 Finance) Cooks on Cycles (via V12 Finance) Cornwall Electric Bikes (via V12 Finance) E-Bikes Direct (via V12 Finance) Edinburgh Bicycle (via V12 Finance) Elctrc (via V12 Finance) Electric Bike Store Electric Bike World Espokes (via Ideal4Finance) Evolution Bikes (via V12 Finance) Leisure Lake Bikes (via V12 Finance) OnBike (via V12 Finance) Pure Electric (Scotland Only via Energy Saving Trust) Rutland Cycling (Scotland Only via Energy Saving Trust) The Bike Factory (via V12 Finance) Tredz (via V12 Finance and Paypal Credit) Urban E-Bikes Wheelbase (via V12 Finance and Paypal Credit)
Bank Financing	N/A
Other Financing Options	Payl8r Local Loan Schemes

Take note that most of these options have nifty digital finance calculators that you can freely use once you land on their respective sites. You only need to input data on the slider, like the exact purchase and deposit amount, select APR, rate of interest, and duration of the loan agreement. Afterward, you will be given an exact figure for your monthly repayment. 

Financing by e-bike brands

Not a lot of the well-known UK e-bike brands provide dedicated financing, nor do they act as lenders, which happens to be the case for most retailers as well. There are a few exceptions, though, as is especially the case in the more “small-time” local manufacturers. So if you really want to widen your options and get better loan terms, then don’t hesitate to seek them out. 

Although, we have taken the time to link to each one and provide an overview of terms for your quick reference.

• Batribike – This e-bike brand has partnered with Duologi to provide static interest-free finance in 3, 6, 9, and 12-month spreads for all its e-bikes. Since it’s zero interest, it’s not surprising that the most popular option is 0% finance for 12 months. Take note that there’s a minimum of £500 loan value requirement, and buyers can opt to make a deposit of as much as 50% of the product’s value. 
  
• Cyclotricity – Local brand that offers 0% APR, 4.9% APR, 9.89% APR, and 15.9% APR for all their bikes and e-bikes. Interested buyers may also pick a suitable deposit amount. 
  
• Eco Voltz – Offers static 0% financing with variable durations of 6, 10, and 12 months. Buyers may also use the ready finance calculator to input purchase and deposit amount and term duration, for which the monthly payment will thereafter be displayed.
  
• EMU – All EMU electric bikes’ costs can be spread with the help of Paypal Credit. The brand has a special offer of 0% interest for purchases that are fully paid within 4 months, which roughly translates to £325/month with the prices of the majority of its e-bikes considered. 
  
• EZ EBike – Also uses Paypal Credit to offer monthly financing. Buyers either get to enjoy 0% interest within 4 months or a substantially longer payment period that extends to 60 months. APR ranges between 0% to 17.9%. These terms apply to purchases that exceed £150. There’s also an option to settle payments within 6, 9, or 12-month periods without additional interest charges. 
  
• Giant – While not necessarily a UK brand, Giant branches in the country offer three financing options: Klarna, Paypal, and Creation Consumer Finance. With Klarna, all models and accessories that cost between £35 to £999 can be paid with 0% interest for up to 30 days without any credit checking.
  Paypal Credit purchases that cost £99 and above can enjoy 0% finance in 4 months, while those that go through the Creation Consumer Finance can choose more adaptable terms the higher the purchasing cost rises. For example, amounts that total £2999 can enjoy 0% finance for 24 to even up to 36 months. 
  
• Raleigh – This more popular brand has partnered with Klarna. Buyers may choose to enjoy 0% interest with plenty of freedom to select the duration and when to pay. You can either pay in 30 days, pay in 3 installments, or opt to spread it further to 12, 24, or 36 months all without additional interest and fees as long as terms are honored. 
  
• Ribble Cycles – Uses V12 Finance. For every £300 or more spent, costs can be spread to 6, 9, 12, 24, or 36 months, again, depending on the cost of the model. Classic Finance can be chosen, which has a 14.9% APR for either 24 or 36 months. There is also a promo of interest-free finance on all Ribble bikes for minimum purchases of £1,000.
  
• Wisper – Wisper works with V12 Finance to offer 0% interest for all Wisper models. Buyers may freely choose a deposit amount, with a minimum amount of 25% of the original cost, then choose to pay the remaining balance for 6, 10, or 12 months. 
  
• Volt Bikes –  For every 10% deposit, buyers may choose between 12, 24, and 36 months durations to pay the remaining 90% balance with finance rates of 0, 4.9%, and 9.9%, respectively. 

Financing by e-bike retailers

As should be evident from the table above, retailers occupy the vast majority of the financing pie, with V12 Finance as the overwhelming favorite specialized retail finance provider. This is due to the simple fact that it has virtually no – or very minimal – competition in the country. 

Though, there are a few exceptions, as is evident in the case of a few retailers that offer their own financing. Also, be mindful of the fact that certain retailers make it clear that 0% Finance availability is only available for in-store purchases and non-discounted products. 

Additionally, for Scotland residents, there is also another available option in the form of the Energy Saving Trust, which shall be explained in this section. 

• All Terrain Cycles – Offers a static 14.9% finance for 3 years after a 10% deposit on all e-bike models they offer – which include Cube, Trek, Giant, and Cannondale. 
  
• Blackpool Electric Bikes – Follows the same finance scheme as Batribike’s.
  
• Cooks on Cycles – Offers 0% interest from 6 to 24 months for all £300 or above purchases. Purchases that exceed £2,500 can enjoy 0% finance for up to 36 months. 
  
• Cornwall Electric Bikes – Offers 15.9% APR for 12 or 24 months with a minimum 10% deposit. 
  
• E-Bikes Direct – With the help of V12 Finance, offers interest-free, 4.9% APR, 9.89% APR, and 15.9% APR with a minimum purchase requirement of £1,000. Term durations can extend up to 6, 10, 12, 18, 24, 36, and 48 months as long as that minimum requirement is met. 
  
• Edinburgh Bicycle – For every minimum spend of £500, buyers can avail of 6 months 0% finance. Increases of £750, £1,000, and £1,750 extend the duration to 12, 18, and 24 months respectively. You can also choose to pay 15.9% APR for 36 months. 
  
• Elctrc – Offers 0% interest for over 12 months or repayment with interest for over 48 months. 
  
• Electric Bike Store – Has the same finance terms as Volt Bikes. 
  
• Electric Bike World – You can avail of short-term 0% finance for 12 months after a 10% deposit. This retailer also uses the UK Government’s Cycle to Work scheme, which is essentially a tax exemption initiative. It has a set limit of £1,000 for purchases, and any amount beyond that would have to be paid for by you. 
  
• Espokes – Partnered with Ideal4Finance, which functions mainly as a credit broker. Loans are available with term durations between 1 to 25 years. Not much detail is readily given to interested borrowers until their application is approved. 
  
• Evolution Bikes – Offers 0% finance that can be spread over 12, 24, and 36 months. A minimum 10% deposit is required as well as total spending of £700. 
  
• Leisure Lake Bikes – Offers 0% finance for 6 months for spending of over £250. Increases of £500 to £1,000 can avail of 12 and 18 months or 24 and 30 months, respectively. No minimum deposit is required. 
  
• OnBike – 0% finance for 12, 18, and 24 months, though you have to either make 10%, 20%, or 30% deposits, respectively, to avail of either one. 
  
• Pure Electric – Through Scotland’s Energy Saving Trust, individuals can borrow up to £6,000 for 1 cargo e-bike or 2 standard e-bikes available in Pure Electric’s catalog. Businesses, on the other hand, can borrow up to £30,000. This is only available to Scotland residents. 
  
• Rutland Cycling – Also follows the Energy Saving Trust scheme for Scotland residents. 
  
• The Bike Factory – Avail of 0% finance for orders that cost a minimum of £275 with a 10% upfront deposit. 
  
• Tredz – Offers 0% finance through V12 Finance for minimum orders of £250. Purchases that amount to £500, £1,000+, £1,500+, £2,500+, and £4,500+ can enjoy 0% APR, payable within 12, 18, 24, 36, and 48 months respectively. Purchases of £500+ can still enjoy a lengthier term duration but will be subject to a 15.9% APR. No deposit is required. 
  
• Urban E-Bikes – For every £200 purchase, you can make a 10% to 50% upfront deposit. Higher deposits mean lower monthly payments. Repayment periods start from 12 months up to 5 years for a static 9.9% APR. 
  
• Wheelbase – For zero deposits, e-bike buyers may enjoy 0% finance for every minimum spend of £99 to £8,000 through Paypal Credit. Term duration options include 6, 12, 24, and 36 months, as long purchases fall within the said cost range.
  
  Wheelbase also uses V12 Finance and offers the same 0% APR for minimum purchases of £250 to £4994, which can be paid within 6, 12, 24, and 36 months. Another scheme for more expensive purchases totaling £15,000 can extend the term duration to 48 months.

Financing by Banks

As in most countries, banks in the UK are rarely approached for e-bike financing because of the very high price tags attached to these. We went through all the popular banks in the UK, like HSBC, Halifax, Royal Bank of Scotland, and Barclays, to cite a few. Almost all of them only offer bike loans, emphasizing that it’s best to go the specialized e-bike finance route when it comes to these unique vehicles. 

Read also: Electric bike & speed e-bike rules / regulations in the UK. And, Best known e-bike brands in the UK.

Other financing options

Almost any other entity or agency that deals with financing e-bike purchases belongs here. The first option is Social Money, trading as Payl8r (see WAU bike example here). You get 0% finance payable within 30 days. Terms and conditions apply, and applications are subject to affordability and creditworthiness assessments. Other financial options are also available.

You can also try out local loan schemes in your area (like this one offered to Malvern Hills riders) if you really want to take the time to look for more unique terms. In the case of the example mentioned, fees are usually applied after two weeks have elapsed, and loan amounts tend to vary a lot and are subject to careful discussion.  

A few words in conclusion

Based on the facts stated above, UK e-bike riders are pretty blessed with their financing options. And we’re not just talking about the number of options, obviously. The 0% finance for relatively long terms in certain companies and retailers is definitely well worth availing, especially as most e-bike UK models aren’t exactly on the cheap side. 

We hope that we have provided you with all the information you need, and should you need more, then just take the time to visit the site of the option you’re interested in and directly contact them to gain more insight. 

Read also: Ever considered offering e-bike as a gift? Or gifting one to yourself? Check out our suggestions – in this e-bike gift guide.