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
- Siddhartha Bank
- Laxmi Bank
- Nabil Bank
- 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.
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
|1.||Samsung Mobile Plaza (IMS)||Samsung||Any Samsung Mobile & Wearable devices||Samsung Mobile Plaza, Hotel Royal Singi Arcade, Opp. Rising Mall,
Kamaladi, Kathmandu 44600
|2.||Samsung Plaza||Samsung||Any electrolic devices like vaccum, washing machine etc||Durbarmarg
11:00 AM to 7:00 PM
For other location http://www.himelectronics.com/Retail.aspx
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
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3. Global IME bank
Like Nabil bank and 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 Global IME bank’s authorized merchants for EMI. If you can’t view then download it
[embeddoc url=”http://uttamshrestha.com.np/wp-content/uploads/2018/08/GlobalIMEBank-Easy_Buy_Easy_Pay_Merchant.pdf” download=”all”]