Kumari Bank Brings ‘Fone Loan’ Facility

December 6, 2021 | Investopaper

Kumari Bank Limited, in collaboration with F-One Soft Pvt. Ltd., has brought phone loan facility. The bank has launched the phone loan EMI facility with the objective of providing simple and easy service to its customers by making its services digital friendly. 

Customers with various salary accounts at Kumari Bank can easily avail phone loan facility from Kumari Smart Mobile Banking from a minimum of Rs 1,000 to a maximum of Rs 200,000 without any collateral or paperwork. Depending on the source of income, the customer will be able to repay the loan by choosing between 1, 3, 6, 9 and 12 months.

In addition, customer can purchase goods and services at various merchant outlets affiliated to the Fonepay network through QR scan and the payment can be made in installments.


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