EMI offered by Bank in Nepal

An Every Monthly Installment (EMI) is defined as “A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.” [source – quora]

Bank offering EMI in Nepal

  1. Siddhartha Bank
  2. Laxmi Bank
  3. Nabil Bank
Documents required
  • Salary Certificate from the current employer.
  • Copy Of Citizenship & Latest Photograph.

1. Siddhartha Bank

They have a flexible EMI option for various items. To get EMI you need to get a credit card from Siddhartha Bank. And the worst thing is, they only give EMI for the limit of your credit card. For eg: If your credit card limit is Rs 40,000 then you can only buy item whose MRP is 40,000.

Following are Siddhartha Bank’s authorized merchants for EMI

merchant-of-siddharthabank

Source – http://www.siddharthabank.com/userfiles/EMIMerchantDetails.pdf

2. Laxmi Bank

Unlike Siddhartha Bank and Nabil Bank, they do not require you to take credit card for getting EMI. Simply you can take your salary certificate, fill form and get EMI facility for any item like phone, laptop etc.

Following are Laxmi Bank’s authorized merchants for EMI

S.NO VENDOR PRODUCTS ITEMS ADDRESS CONTACT NUMBER
1. Samsung Mobile Plaza (IMS) Samsung Any Samsung Mobile & Wearable devices Samsung Mobile Plaza, Hotel Royal Singi Arcade, Opp. Rising Mall,
Kamaladi, Kathmandu 44600
01-4441571

3. Nabil Bank

Like Siddhartha Bank you need to get a credit card before applying for EMI for any products like TV etc. but the best thing is there is no limit like Siddhartha Bank. Even if your credit card limit is Rs 30,000 then also you can buy item worth Rs 95,000

Following are Nabil Bank’s authorized merchants for EMI

S.N. Merchant Name Products Address Contact Number Interest
1 Ncell (P) Ltd. Mobiles Kumultar 0.095
2 Harati Computer Services (P) Ltd. Electronic & Accessories Kantipath 4260622, 4218345, 4244901, 4244504 0%
3 Nepa Hima Trade Link 'Sony Showroom' Electronic & Home Appliances Kumaripati, Kantipath 5546076, 4250305 0%
4 Office Works Enterprises Electronic & Accessories UWTC, Tripureshwor 4259818, 4117123 0%
5 New Snapper Photo Goods Camera & Accessories New Road 4224645, 4220830 0
6 Him Electronics P. Ltd. 'Samsung Showroom' Electronic & Home Appliances Durbarmarg 4230382, 4230378 0
7 Techno Store (P) Ltd. Electonic Products City Center 4011527 0
8 Evo Store Electonic Products Durbarmarg 4225486 0
9 Supreme Associates Solar Products Gairidhara 4004588 0
10 Nagmani International Electronic & Home Appliances Kathmandu Plaza 4168603, 4244910 0
11 IMS Smart Pvt Ltd Samsung Electonic Products Kamaladi 4.44158444284E+13 0
12 Gear Venture Bike Nepal Branded Bicycles Bhattachan Complex, Bhatbhateni 4435790, 4437990 0
13 LG Lifestyle Shoppe Electronic & Home Appliances New Baneshwor 4466430 0
14 Tele Direct Pvt. Ltd Electronic & Home Appliances Lucky Tower, Tripureshwor 4254546, 4258245 0
15 Urja Venture Pvt. Ltd Jewellery Durbarmarg 4239743 0
16 Sulux Center Branded Watches Durbarmarg 0
17 Index Furniture Furniture & Furnishing Jawalakhel 5000270, 5000271 0
18 Quest Travels & Hospitality Solutions Pvt Ltd Travel Package Soatee Mode 4030607 0
19 Megatech Group Lenovo Electronic Products Ghantaghar 4233501, 4233745 0
20 Elite Store Apple Electonic Products Jamal 4231045 0
21 Kathmandu Bike Station Pvt Ltd Branded Bicycles Lazimpat 4444250 0
22 Arogin Health Care & Research Centre (P) Ltd. Health Services-Hair Treatment Bishal Nagar 4423423 0
23 Fishtail Tours & Travels (P) Ltd. Travel Package Baluwatar 4419673, 4421440 0
24 Oliz Store (P) Ltd. Apple Electonic Products Babar Mahal 4239881 0
25 New Madan Furnitures (P) Ltd. Furniture & Furnishing Kupondole 5523236, 5520318 0
26 EZ Trip (P) Ltd. Travel Package Nagpokhari 4412864, 4425640 0
27 Rida Incorporated (P) Ltd. Home Appliances New Baneshwor 4780972, 4780973 0
28 Ola Electonics (P) Ltd. Mobiles New Road 0
29 Allied Mobile Hub Mobiles Kamladi 44281381 0
30 CG Digital (P) Ltd. Electronic & Home Appliances Sanepa 5525039, 5525041 0
31 S.N. Joshi & Sons Company (P) Ltd. Furniture & Furnishing Patan Hospital Road 5523864 0
32 Electronic Plaza Electronic & Home Appliances Min Bhawan 4106588 0
33 Sanskriti Infoedge (P) Ltd. Travel Package Kalimati 4670066/4281655 0
34 Take Me Away Tours & Travels (P) Ltd. Travel Package Durbarmarg 4430613 0

View previous blog – Credit Cards in Nepal