7th April 2024, Kathmandu
In a bid to enhance customer convenience and accessibility, Krishi Bikas Bank has launched a groundbreaking initiative enabling individuals to secure loans directly through their mobile banking application.
The bank’s newly introduced service, facilitated by the ADBL Smart Plus App, allows eligible customers to obtain loans of up to 2 lakh rupees without the need for collateral, paperwork, or physical visits to the bank.
Krishi Bikas Bank Digital Loans
Under the innovative scheme, individuals holding Talwi accounts with the bank can conveniently apply for loans and manage repayments seamlessly via the mobile banking app. The repayment tenure can be customized for 3, 6, 9, or 12 months, with provisions for pre-payment.
Additionally, customers eligible for the ADBL Instant Foneloan feature can avail themselves of the “Buy Now, Pay Later” facility, enabling credit payments at Fonepay merchants through QR transactions, thereby facilitating flexible repayment options.
The bank further extends its services by offering the “Convert to EMI” facility, allowing eligible customers to convert significant transactions into manageable monthly installments.
Registration for the ADBL Instant Foneloan service is streamlined through the mobile banking app, requiring only a verified email address. Loan eligibility is determined based on various factors such as active account usage, transaction history, and existing loan obligations with the bank.
Speaking on the initiative, Folon CEO, Sagar Sharma, emphasized the bank’s commitment to maximizing customer convenience by simplifying the loan process and offering instant digital loans through mobile banking.
Krishi Bikas Bank’s Chief Executive Officer, Govind Gurung, reiterated the institution’s dedication to providing convenient banking services, eliminating the need for physical visits and paperwork while ensuring swift access to financial assistance.
Krishi Bikas Bank continues to expand its reach, with over 280 offices and 129 ATMs across 77 districts, solidifying its position as a pioneer in digital banking solutions. With the introduction of mobile app-based loans, the bank aims to revolutionize the lending landscape, empowering customers with unparalleled accessibility and flexibility in meeting their financial needs.
Krishi Bikas Bank Digital Loans:Click Here
“Our main goal is to provide maximum convenience to our customers. By providing digital loans through Phoneloan, the aim is to facilitate the loan process and to make it easy for the customer by providing loans instantly through their mobile banking for their financial needs.” – Sagar Sharma, CEO, Folon
“Our main objective is to provide convenient facilities to our customers. With the resumption of phone loans in ADBL Smart Plus, customers no longer need to come to the bank to take a loan and without any documents or collateral, customers can get Rs.
You can get a loan of up to 2 lakhs through your own mobile banking.” – Govind Gurung, CEO, Krishi Bikas Bank