Kathmandu, Feb. 16
Laxmi Bank has launched Smart FoneLoan in partnership
with F1Soft International.
Under this digital lending service, qualified
customers can avail a loan of upto maximum of Rs. 200,000 through the Mobile
Money app.
The loan decision and amount is determined by the
system based on decision analytics of the customer account history, said F1Soft
in a statement on Tuesday.
In the first
phase, this service is being offered to customers who are maintaining a payroll
or savings account with the bank. In the future, the bank plans to extend the
service to other segments of customers as well.
The service is pre-approved, digitally processed, collateral-free loan
and is available to qualified
Laxmi Bank Mobile Money users in a virtual credit card mode.
The loan can be
availed for upto a maximum tenure of 30 days and is instantly credited to the account upon application without the need to
execute paper-based security documentation.
Laxmi Bank has 126 branches across 48
districts, four hospital service counters, six extension counters, 156 ATM's,
2,500 remittance agents and 61 branchless banking agents.
Published in The Rising Nepal daily on 17 February 2021.
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