NMB Bank launches NMB Sapati 2.0

NL Today

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Kathmandu: NMB Bank has launched NMB Sapati 2.0 for its retail loan customers in continuation of its existing NMB Sapati product.

The 24/7 loan facility is an Artificial Intelligence (AI) driven product that features end-to-end automation wherein the entire loan process from application to disbursement of the loan is accomplished digitally without manual intervention of any kind within five minutes, the bank said in a statement.

The loan is available to all the secured retail loan customers of the bank who can avail of the loan amount up to Rs 200,000 without any additional collateral.

Customers have the option to select their repayment period as per their requirement and convenience while the loan amount varies from Rs 10,000 up to Rs 200,000. The loan can be availed simply through one’s mobile device with no bank visit required.