Punjab E-Taxi Program Payment Structure

The CM Punjab e-taxi program update confirms a major push for green transport. This is a game-changer because the government is tackling the biggest barrier: finance. We're cutting through the noise to give you the exact facts on the Punjab E-Taxi Program Payment Structure and how the interest-free loans actually work. Stop worrying about complicated bank forms. Get the clear, straight information you need right now to secure your new e-taxi. We've simplified the entire Punjab e-taxi program financing plan for you.

Breaking Down the Punjab E-Taxi Program Payment Structure

The Government of Punjab is rolling out 1,100 electric vehicles in the pilot phase. The entire financing model is interest-free (zero markup) for successful applicants. This is the biggest draw of the Punjab E-Taxi Program Payment Structure.

CM Punjab E-Taxi Program Update and Installment Plans

• You'll pay around 30% of the total vehicle cost as a down payment.
• This up-front amount is estimated to be in the Rs. 18–20 Lakh range for the selected e-taxi models.
• The remaining 70% is covered by a government-backed bank loan. Importantly, the Punjab e-taxi program financing covers the interest.
• You won't pay any markup on the loan amount.
• The repayment is structured over 5 years with monthly installments expected to be around Rs. 60,000. Furthermore, the government pays for your vehicle registration.

The final official CM Punjab e-taxi program update confirms applications closed on October 5, 2025, and verification is now underway. The Punjab e-taxi program is moving to the balloting and distribution stage.

FAQs

1. What is the actual Punjab E-Taxi Program Payment Structure?

The structure is simple and requires two steps; at the outset, the applicant is required to make a mandatory 30% down payment after which the balance 70% of the cost of the vehicle is to be financed through a bank loan that is free of interest. The loan will be in a tenure of five years and under a fixed monthly installment. This is meant to eliminate the economic cost of expensive loans to drivers.

2. How does the Punjab e-taxi program financing keep the loan interest-free?

The interest is covered by the government so that you do not pay any markup on the loan. The subsidy contributes to the Punjab e-taxi program financing making it very appealing and available to those with low income. You just pay the loan back in principle and you save hundreds of thousands of rupees in five years as opposed to conventional bank auto loans.

3. Has the CM Punjab e-taxi program update announced the monthly installment amount?

Yes, according to the initial estimates, founded on the price of the vehicle and the ten years loan, the monthly installment will be in the range of Rs. 60,000. This amount will depend on the overall vehicle cost but is the intention of the CM Punjab e-taxi program update to make it affordable. This regular payment can assist the drivers in planning and budgeting to have a predictable monthly income.

4. Who is eligible to apply for the Punjab e-taxi program and what documents are required?

To be eligible for the Punjab e-taxi program, you must be a permanent resident of Punjab, aged between 21 to 55 years, and must also have a valid driving license (LTV/PSV preferable). You must also have a clean banking and driving record. You will need your CNIC, your domicile, your license, and your evidence of residence. The first application period will end on October 5, 2025, and further application dates will be declared.