Insta Buy EMI Facility in Garima Credit Card

It appears that only a limited number of Nepalese have access to the credit card facility that was introduced in Nepal about three decades ago. Due to the lack of awareness regarding the use, utility, and benefits of credit cards, it can be considered that its reach has not extended to the general public.

Garima Bikas Bank has launched EMI facility in credit card based on the principle of "Buy Today, Pay Tomorrow" for its elite customers. With the aim of making the uses of credit card more customer-friendly, Garima Bikas Bank has introduced an EMI service, allowing for installments for the first time in Development Bank history. Under this service, when customers purchase goods from vendors contracted by the bank and pay with Garima Bikas Bank's credit card, the entire purchase amount can be paid in monthly installments at a 0% interest rate, rather than all at once. Furthermore, if customers wish to avail themselves of this facility by purchasing goods from other vendors and submitting the VAT bill to Garima Bikas Bank, they can easily do so. This is especially beneficial for those customers who would like to buy goods during the upcoming big festival i.e. Dashain and Tihar festivals but are uncomfortable paying the entire amount immediately.

The bank believes that credit cards will become accessible to all Nepalese, thus contributing to the overall economic growth and stability of the country.