Machhapuchchhre Bank Enables Easy Installment Payments with MBL Credit Card
5th November 2025, Kathmandu
Machhapuchchhre Bank Limited (MBL) has significantly enhanced the utility of its MBL Credit Card by introducing the InstaPay facility.
MBL Easy Installment Payments
This innovative product transforms a customer’s single, high-value credit card purchase into a series of manageable, easy Equated Monthly Installments (EMI), making previously aspirational products immediately accessible. InstaPay represents a major stride in financial inclusion and flexibility for Nepali consumers, especially those looking to acquire essential consumer durables or luxury items without straining their immediate budget.
The facility is designed to convert lump-sum credit card expenditures into a convenient repayment plan. It applies to a broad and attractive range of products, catering to diverse customer needs. MBL cardholders can utilize this feature for purchasing everything from gold, silver, and diamond jewelry to household appliances, electronic gadgets, bikes, scooters, and even holiday packages. This wide applicability ensures that both everyday necessities and aspirational splurges can be financed with ease.
How MBL InstaPay Works: Simple Steps to Shop Now, Pay Later
The entire process for availing the InstaPay facility is structured to be simple and user-friendly, maintaining accessibility for all MBL Credit Card holders. Unlike traditional loan applications, which can be time-consuming and involve extensive documentation, InstaPay simplifies the conversion of a purchase into an EMI scheme.
The process involves just two straightforward steps:
Make Your Purchase: The customer uses their MBL Credit Card to complete the purchase at any merchant, utilizing their available credit limit. This provides instant gratification and locks in the best price at the moment of shopping.
Submit the InstaPay Application: Immediately after the transaction, the cardholder must submit the InstaPay application form at their nearest MBL branch. This initiates the conversion of the full purchase amount into the chosen EMI plan.
The facility is available for transactions that fall within a specific range, ensuring it covers substantial purchases while maintaining responsible credit management. Customers can convert purchases from a minimum of NPR 5,000 up to a maximum of NPR 1,000,000 into an EMI scheme. The flexibility in the repayment tenure—typically ranging from a few months up to two years—allows customers to select a schedule that perfectly aligns with their financial planning and monthly cash flow.
Strategic Benefits for the MBL Cardholder and the Economy
The introduction of InstaPay yields multiple benefits, both for the individual consumer and for the broader national market:
Empowering Consumer Spending
The primary advantage is the enhanced purchasing power it grants to MBL cardholders. By distributing the cost of a high-value item over an extended period, the facility eliminates the need for large upfront payments. This not only makes items like a new refrigerator, a scooter, or a holiday trip more accessible but also helps cardholders maintain their liquidity for other needs or emergencies. This responsible form of credit encourages planned, yet immediate, consumption.
Boosting Domestic Trade
For the national economy, this facility provides a significant stimulus. By making consumer durables and high-value items easier to purchase, MBL InstaPay directly supports retail merchants—including jewelry shops, electronics stores, and travel agencies—driving up sales volumes. In a cash-dominant economy like Nepal, the expansion of such credit facilities is crucial for the formalization of transactions and for boosting the consumption-driven segments of the market. Furthermore, by making local purchases easier, it also promotes import substitution for products available locally.
Key Commercial Aspects and Terms
While the bank advertises the facility as easy installments, it’s important for consumers to understand the commercial structure behind it. The InstaPay product is essentially a type of loan, and as such, it comes with associated charges. Customers should be aware that Machhapuchchhre Bank charges an upfront fee for availing the InstaPay facility, which is a percentage of the purchase amount and varies depending on the chosen tenure. For instance, the upfront fee may be 6% or more for shorter tenures (up to 12 months) and may increase for longer periods (up to 24 months).
The Equated Monthly Installment (EMI), which is immediately due on the next billing date, will include the principal amount of the purchase plus the calculated interest and any administrative fees. Timely payment of the EMI is essential, as any delay will attract additional interest and late payment fees on the entire remaining outstanding balance, as per the bank’s standard tariff of charges. Customers must confirm the exact interest rate and administrative charges for their specific purchase tenure directly with the bank before processing the InstaPay conversion.
By providing a flexible financial bridge between the purchase and the repayment, Machhapuchchhre Bank’s InstaPay solidifies the MBL Credit Card’s position as a premium tool for managing household finances and realizing immediate consumption goals in Nepal.
For More: MBL Easy Installment Payments
