CM Punjab Interest-Free Student Bike Scheme 2026 Online Registration
The Government of Punjab has introduced a major relief program for students by launching the CM Punjab Interest-Free Student Bike Scheme 2026. This scheme aims to support students who face daily transport problems and cannot afford expensive travel costs. Under this program, eligible students can get motorcycles and electric bikes on easy monthly installments without any interest charges. The initiative is being implemented through The Bank of Punjab (BOP), which manages registration, verification, installment plans, and digital documentation.
This article explains the complete details of the scheme, eligibility criteria, registration steps, benefits, required documents, and the new special prize campaign announced for students. If you want to apply for the CM Punjab Interest-Free Bike Scheme 2026, this guide will help you understand everything in simple words.
What is the CM Punjab Interest-Free Student Bike Scheme 2026?
The CM Punjab Interest-Free Student Bike Scheme is a government-backed program launched to provide transport relief to university and college students. Under this scheme, students can apply for:
- Electric bikes (E-bikes)
- Petrol bikes
The major benefit is that students only pay the bike’s installment, not any interest, because the Punjab Government covers the interest amount. This makes it easier and more affordable for students to travel to college, university, internships, and part-time jobs.
The scheme uses a digital system through the Bank of Punjab (BOP) to ensure transparency, fast processing, and secure approval.
Latest Update: Special Lottery Prize Campaign (2025–2026)
The Bank of Punjab has launched a Special Lottery Prize Campaign for students whose loans have already been approved but who have not yet completed their digital process. This campaign motivates students to:
- Accept Terms & Conditions online
- Submit equity amount
- Complete digital verification
Students who complete their process will automatically enter the prize draws.
Prizes include:
- iPhones
- Laptops
- Umrah Tickets
This offer applies to students who complete the process between 27 November and 16 December 2025.
Eligibility Criteria for Bike Scheme 2026
To apply for the CM Punjab Interest-Free Student Bike Scheme 2026, students must meet the following conditions:
1. Must Be a Student
The applicant must be enrolled in:
- A public university
- A private university
- A government or private college
- A technical or vocational institute (recognized by the government)
2. Must Have a Valid CNIC or Juvenile Card
The student must hold:
- CNIC, OR
- Juvenile Card (JV Card)
3. Must Be a Resident of Punjab
Only students living in Punjab can apply for this scheme.
4. Must Have a Guarantor
A parent or guardian with a valid CNIC will act as the guarantor for the loan.
5. Able to Pay Equity Amount
An initial small amount (equity) must be deposited to secure the bike.
6. Must Not Be a Defaulter
The student and guarantor must not have any bank default history.
Documents Required for Registration
Students need the following documents for online registration:
- Student CNIC/Juvenile Card
- Guarantor CNIC
- Student photo
- Student’s institutional ID card
- Admission/Enrollment proof
- Parent/Guardian contact details
- Student contact number
- Email address
- Residential address
Types of Bikes Available Under the Scheme
The CM Punjab bike scheme offers two major categories:
1. Electric Bikes (E-Bikes)
- Environment-friendly
- Zero petrol cost
- Low maintenance
- Best for short-distance travel
2. Petrol Bikes
- Suitable for long routes
- Affordable installments
- Wide availability of models
Both bike categories are delivered through a transparent process in partnership with the Bank of Punjab.
Installment Plan and Loan Details
The scheme includes zero-interest installments, meaning no additional costs.
- Students pay a small down payment (equity).
- The remaining amount is covered through easy monthly installments.
- The Punjab Government pays all the interest.
- Digital agreement ensures transparency.
Installment plans and bike models may differ based on availability.
How to Apply for CM Punjab Student Bike Scheme 2026 – Step-By-Step Guide
The entire registration process is online and easy to follow. Here are the complete steps:
Step 1: Visit the Official BOP Portal
Go to the digital loan portal:
https://dpl.bop.com.pk/bike
This is where registration, application, verification, and agreement acceptance take place.
Step 2: Create Your Profile
Enter the following details:
- Your CNIC / Juvenile Card number
- Valid mobile number
- Email address
- Personal information
A verification code (OTP) will be sent to your mobile.
Step 3: Enter Your Educational Details
Upload/enter:
- Student ID
- Institution name
- Enrollment proof
- Current class/semester
Step 4: Add Your Guarantor
Your parent or guardian will receive an SMS link.
They must verify their CNIC and approve the application digitally.
Step 5: Upload Required Documents
Upload all supporting documents clearly.
Step 6: Choose Your Bike Model
Select your desired:
- Electric bike
- Petrol bike
- Color (if available)
Step 7: Accept Terms & Conditions
Carefully read and accept the digital agreement.
Step 8: Submit Equity Amount
Deposit your equity amount as mentioned in the portal.
Once equity is paid, your bike is reserved for delivery.
Why Students Should Complete Their Process Immediately
According to the official BOP notification:
Students who do not complete the following:
- Accept Terms & Conditions
- Verify their guarantor
- Deposit equity
…will not secure their interest-free loan.
Additionally, completing the process before deadlines gives students a chance to win:
- iPhones
- Laptops
- Umrah tickets
This is part of the Special Lottery Prize Campaign 2025–2026.
Benefits of the CM Punjab Interest-Free Student Bike Scheme
1. Interest-Free Loan
No hidden charges. No extra cost. The government pays all interest.
2. Easy Monthly Installments
Students can pay small monthly amounts from pocket money or part-time job income.
3. Relief from Daily Transportation Problems
Students no longer need to depend on buses, rides, or long-distance walking.
4. Environment-Friendly Option
Electric bikes help reduce fuel cost and air pollution.
5. Transparent Digital System
From application to approval, everything is online through BOP.
6. Special Prizes
Students completing the process early can win:
- iPhones
- Laptops
- Umrah packages
Conclusion
The CM Punjab Interest-Free Student Bike Scheme 2026 is a life-changing initiative for thousands of students across the province. With rising transportation costs, this program helps students travel with ease and focus on their education without financial stress. The online process is simple, fully digital, and secure through the Bank of Punjab.
If you are a student studying in Punjab, make sure to complete your registration, verify your guarantor, accept the terms online, and deposit your equity amount to secure your bike and enter the prize campaign. This scheme is a golden opportunity to get an interest-free bike and improve your daily travel experience.
