It functions as a Post-Purchase EMI (Equated Monthly Installment) conversion tool, allowing credit cardholders to transform high-value Point of Sale (POS) transactions into manageable monthly payments.
Designed for the modern economic landscape where liquidity management is essential, NMB InstaBuy empowers clients to manage cash flows efficiently without deferring essential lifestyle or asset purchases.
Why InstaBuy
Features of InstaBuy
| Parameter | Specification |
|---|---|
| Eligible Transaction Size | Minimum NPR 5,000 up to the available limit of Credit Card |
| Repayment Tenure | Flexible options of 6 to 12 months |
| Interest Rate | Base Rate + 5.0% per annum |
| Administrative Fee | 0.75% of the loan amount |
| Prepayment Penalty | 0% (No charges for early settlement) |
| Collateral | Lien marked on the credit card limit |
The NMB InstaBuy process is designed for speed and convenience: