Credit Card
NBL Visa Credit Card provides the service of plastic card with credit facility to the individual customers. This product is one of the value-added services to the customers of Nepal Bank Limited.
Credit card business stands on the principle of "buy now- pay later". It allows customers to buy goods and services based on the holder’s promise to pay for them later. Normally, it is issued based on the credibility of the individual applicants.
Features:
Valid Only in Nepal, India & Bhutan.
Accepted as mode of payment at Visa merchant locations (POS) and Online transactions.
Cash Withdrawal from Visa accepting ATMs.
Convenient payment option of 10% (or minimum NPR 1,000) to 100% of outstanding amount.
Interest free credit period of minimum 15 days to maximum 45 days for purchase transactions.
Competitive interest rate @ 2% per month.
Credit Card Limit from NPR 20,000 to 5,00,000.
Cash Withdrawal Limit as per NRB Directive (which is 10% of Credit Card Limit).
TRANSACTION LIMITS:
|
Description |
Visa Domestic Credit Card |
|---|---|
|
Per Transaction Limit (ATM) |
NPR 25,000 in Nepal |
|
Number of Transaction Per Day |
10 |
|
Per Transaction Limit (POS) |
NPR 1,00,000 in Nepal |
|
Daily Transaction Limit (ATM) |
NPR 50,000 in Nepal |
|
Daily Transaction Limit (POS) |
NPR 200000 in Nepal |
|
Daily Online Transaction Limit |
NPR 2,00,000 in Nepal |
Note: Transaction Limit will be as per NRB circular/ directive.
SERVICE FEE/CHARGE
|
Description |
Visa Domestic Credit Card |
|---|---|
|
Joining/ Issuance Fee |
NPR 750 |
|
Annual Fee |
NPR 750 |
|
Replacement Card Fee |
NPR 750 |
|
PIN Re-Issue |
NPR 50 |
|
Late Payment Fee |
NPR 300 per instance |
|
Over Limit Fee |
NPR 500 |
|
Limit Enhancement Fee |
NPR 500 |
*These charges are subject to change without prior notice.
TRANSACTION FEE/ CHARGE
|
Description |
Visa Domestic Credit Card |
|---|---|
|
NBL Card NBL ATM – Cash Withdrawal |
NPR 100 + 2% per month of txn amount |
|
NBL Card NBL ATM – Balance Enquiry |
No Charge |
|
NBL Card Visa ATM – Cash Withdrawal |
NPR 200 + 2% per month of txn amount |
|
NBL Card Visa ATM - Balance Enquiry |
NPR 20 |
|
NBL Card Visa POS |
No Charge |
|
NBL Card Visa ATM (India) – Cash Withdrawal |
NPR 250 + 2% per month of txn amount |
|
NBL Card Visa ATM (India) – Balance Enquiry |
NPR 50 |
|
Interest on Cash Withdrawal |
2% per month |
*These charges are subject to change without prior notice.
INTEREST RATE
|
Description |
Rate |
|---|---|
|
Interest Rate |
2% per month (24% per annum) |
Credit Card Transaction Billing Date shall be 23rd of English Calendar
* Due date of credit card payment shall be 15th Days from Billing Date.
ELIGIBILITY:
Customers having saving/current account in NBL are eligible for NBL Visa Credit Card.
Any Nepalese citizen with age of 21 years and above.
Monthly salary income of NPR 20,000 or above.
Annual business income of NPR 150,000 or above.
REQUIRED DOCUMENTS FOR CREDIT CARD APPLICATION PROCESSING
Copy of citizenship duly verified with the original.
Recent PP size photograph of applicant.
Latest Annual Salary Certificate duly issued and certified by the concerned employer for the salaried applicant. (mentioning, employment years, position, terms of employment salary amount etc.)
Three months’ bank statement of salary account for salaried applicant.
Company registration certificates, PAN, latest tax clearance certificate and latest audited/self-declared financial report for the self-employed businessman.
Other Income source documents for any other type of income source (i.e. Valid House rent/Lease agreement, pension etc.)
Duly signed debit authority.
Duly completed application form.
For existing loan customers, the details of credit card shall be recorded in credit file
No income certificate required for those who would like to take credit card against lien on Fixed Deposit, Current or Saving Account maintained at Nepal Bank Limited.
ADDITIONAL TERMS FOR CREDIT CARD PROCESSING
The initial credit card limit shall be maximum of 1.5 times of monthly income / salary (not more than maximum limit of product).
The credit card limit can be enhanced up to two times (not more than maximum limit of product) of monthly income upon the request of the customer, if satisfied from all aspects.
The credit card facility shall be preferred to the customers maintaining account with us having satisfactory deposit / credit relationship.
Contact Details:
For further information,
Hunting line: 00977-1-5347341
Mail address: [email protected]
Published by Nepal Bank Limited on 2082-5-28
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