Nabil Bank’s ‘Phone Loan’ facility, now all customers will get a loan of up to 2 lakhs. Nabil Bank has increased the minimum limit of ‘Nabil Phone Loan’ and the range of its digital financing products. Earlier, the limit of Nabil phone loan was up to one lakh rupees, but now it has been increased to a maximum of two lakh rupees.
In addition, the bank has also modified the necessary scope for taking such loans. Now all customers with savings accounts in Nabil Bank and QR merchants associated with Nabil Bank will also be eligible for phone loans.
Previously, only customers with salary accounts in Nabil Bank were getting this facility.
Similarly, the bank has also upgraded the phone loan offers. Now eligible customers for such loans will see the ‘Phone Loan’ icon on the screen of the ‘Nabil SmartBank’ app.
The bank has also provided the facility of ‘Buy Now Pay Letter’ for the convenience of the customers and the facility of EMI to repay the amount taken for the loan.
Customers can scan any PhonePe merchant QR codes while making a purchase. You can choose the ‘Buy Now Pay Later’ option during checkout to pay for your purchase in monthly installments. Nabil Bank’s ‘Phone Loan’ facility, now all customers will get a loan of up to 2 lakhs.
It is said that customers who want to pay their phone loan installments early will also have the option of prepaying directly from their app. Under this, Nabil Bank will allow immediate withdrawal of loans if there is sufficient amount in the customer’s account without charging any prepayment fee.
