Financing with GoGreen Cycle Loan

Experience freedom, fun, and fitness with eBikes at Propel! Our GoGreen Cycle Loan in partnership with Spring Bank makes eBike ownership easy and affordable for more people. Ideal for commuting, exercising, or leisurely rides, this financing option paves the way for greener, healthier, and more enjoyable transportation. Apply now and embark on your e-bike adventure today!

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How it works

  • Apply online effortlessly, no minimum credit score needed.
  • Receive preapproval, submit e-bike invoice and insurance proof.
  • Loan covers up to 80% of purchase price, loans up to $2500.
  • Pick up your e-bike, start monthly payments in approximately 30 days.

We’ve partnered with Spring Bank to provide loans for bike purchases for select groups. The GoGreen Cycle Loan today for more reliable, affordable, healthier, and greener transportation. Up to $2500 with no minimum credit score requirement with rates from 10.00% APR (with direct deposit) to 14.00% APR (without direct deposit), The GoGreen Cycle Loan not only provides up to 80% of your purchase price but also creates opportunities to build credit and savings.

How does the Loan Process Work?

If you are 18 years of age or older, earning a minimum of $20,000, and currently employed, you are eligible to apply for Spring Bank’s GoGreen Cycle Loan. The application process is simple and fully automated, with no minimum credit score requirement.

Upon preapproval, submit the final bike invoice and proof of bike insurance. The loan amount will cover up to 80% of the total purchase price, and Spring Bank will pay the bike shop directly. E-sign your closing documents, bring the loan number to the bike shop (which will have a matching number), pick up your bike, and start riding. Loan payments via ACH from your chosen account begin in approximately 30 days*.

*(With ACH payments, the interest rate is 10.00% APR. Without ACH payments, the rate is 14.00% APR. To discuss alternative payment methods, call customer service at 718-879-5198)

Faster, Cheaper Commute

Cut costs and avoid transportation delays and parking hassles.

Healthier You & Planet

Opt for a bike to boost personal and environmental well-being.

Boost Credit Score

Timely payments improve credit, with free financial counseling available.

Auto Payments

Convenient automatic withdrawals from your account for timely payments.

“With biking, I don’t have a problem with parking. I’m not worrying about gas prices or always filling up the tank. Plus, I’m doing my part for the environment so my kids can have a better future.”

Pamela Martinez, recipient of a City Cycle Loan

eBike insurance protects your investment. Connect with a provider like Velosurance or choose your own. Proof of coverage from homeowners or renters insurance policies is also accepted.

E-bikes have an integrated electric motor and can also be pedaled by the rider.

If you are 18 years or older, currently employed, and earning at least $20,000, you can apply.

Loan amounts range from $1,000 to $2,500. Interest rates range from 10.00% APR to 14.00% APR, depending on the payment option. Maximum loan amount is based on 100% of your gross monthly pay. Loans are 12 months and fully amortizing. No prepayment penalty.

No, a credit score is not used to underwrite this loan.

No, the entire process can be completed online with Automatic ACH.

Automatic ACH payments are the best option. For alternative payment methods, call 718-879-5000.

Submit the invoice and proof of bike insurance. We can assist you through the process.

Take advantage of the GoGreen Cycle Loan today. Click the “Apply Now” button and begin your e-bike journey with us!