Convertt’s low-interest installment plans

Considering to purchase an e-bike, bicycle or Personal Mobility Aid (PMA) from us? Don’t let the seemingly large price tag put you off – we offer a variety of low-interest installment plans from Convertt for customers to choose from, no credit card required!

We have teamed up with Convertt to offer our customers three installment plans to better fit your financial needs. Here at Drive Bikes, customers choose their preferred installment plans – either our 6 month or 9 month installment plans.

As advertised on our store, the latest model – 48V Eco Drive 2.0 is priced at $1590, but on the 9 month installment plan, the Eco Drive 2.0 could be yours at only $232 a month. Payment can easily be done each month through PayNow or bank transfer. Should you choose to take up this offer, do follow the steps detailed below. Some sample breakdowns of our 9 month installment plans can be found below:


Our e-bike only plans

  • Cash price of 48V Eco Drive 2.0: $1590
  • Amount to be paid each month: $232

Breakdown

  • Processing fee: $50
  • Total interest payable: $448
  • Total amount payable: $2088
48v junior installment plan ebike
  • Cash price of Eco Drive Junior: $1150
  • Amount to be paid each month: $170

Breakdown

  • Processing fee: $50
  • Total interest payable: $330
  • Total amount payable: $1530
chirrey y1+ installment plan ebike
  • Cash price of Chirrey Y1+: $1150
  • Amount to be paid each installment: $170

Breakdown

  • Processing fee: $50
  • Total interest payable: $330
  • Total amount payable: $1530

Our e-bike & additional battery plans

48v eco drive 2.0 with additional battery installment plan ebike
  • Cash price of 48V Eco Drive Junior 2.0: $1590
  • Cash price of additional battery: $450
  • Amount to be paid each installment: $295

Breakdown

  • Processing fee: $50
  • Total interest payable: $565
  • Total amount payable: $2655

Our other installment plans

  • Cash price of XDS Foldable Bicycle: $500
  • Amount to be paid each installment: $78

Breakdown

  • Processing fee: $50
  • Total interest payable: $152
  • Total amount payable: $702
  • Cash price of Vike PMA: $980
  • Amount to be paid each installment: $146

Breakdown

  • Processing fee: $50
  • Total interest payable: $284
  • Total amount payable: $1314
  • Cash price of Drive FO: $1250
  • Amount to be paid each installment: $184

Breakdown

  • Processing fee: $50
  • Total interest payable: $356
  • Total amount payable: $1656

Do note that you will incur additional charges for early settlement of the agreement:

  • Early settlement fees: $80
  • Processing fees: $50
  • Notice period required: 1 month’s notice in writing or 1 month’s interest in lieu thereof

Application Tutorial Video

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Select the “Apply Now” button to sign up for Ebike/ PMA installment plan and sign up with phone and validate your account with phone OTP

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Determine your desired model; Eco Drive, Eco Drive Junior, Chirrey Y1+ . Under Merchants, select Express Lines PTE LTD & indicate your repayment months; 6, 9 or 12 months. After which, select “Submit with MyInfo” & log in with Singpass.

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*if required

You will receive an email to upload the required documents such as your 3 months’ payslip & MCLB Financial Report.


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