Know about Nepal’s first digital platform for personal loans

June 12, 2019 | Investopaper

Phoenix Capital Pvt.Ltd. has launched Nepal’s first digital marketplace for personal loans on June 7, 2019.

Now, you can visit and view different retail loans available from licensed financial institutions. You can know about home loan, auto loan, education loan, credit cards, and loan against property.

You can also check the eligibility for the loan according to the bank’s criteria and then process the personal loan and credit cards directly from the website. Similarly, you can compare various features of a loan like interest rate, terms, etc. Besides, you can also know the EMI amount you need to pay for your loan.

Karjabazaar has been released online following detailed consultation and process flow adjustments with Nepal’s leading commercial banks. As of now, three commercial banks namely Standard Chartered Bank, Laxmi Bank, NMB Bank Ltd., and one development bank i.e. Sindhu Bikas Bank have partnered with Karjabazaar.

The company is confident that due to the cost-effective and innovative channel to acquire customers, more banks will join the platform in the coming days.

It has also developed its own proprietary credit scoring algorithm for individual borrowers to assist lenders to assess the creditworthiness of the borrower. For more information, you can visit the website by clicking here.


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