Will I be able to use my credit card for other purposes than NabilInstallment?
Yes. NabilInstallment is just one of the many benefits of subscribing to Nabil credit cards. You can use your credit card for shopping and spending besides availing NabilInstallment facility to the extent your credit limit allows. You can use Nabil credit cards within the approved limits at over 500,000 merchant locations and 50,000 ATMs throughout Nepal and India.
Can I settle the NabilInstallment amount before the completion of installment period?
Yes, of course. You can prepay the dues of NabilInstallment and settle the same before the completion of NabilInstallment tenure with a Pre-payment fee of Rs 100 or 0.5% of the outstanding whichever is higher.
Can I avail two or more NabilInstallment services at a time?
Sorry. Nabil Bank allows only one installment at a time. You can settle the existing NabilInstallment you are availing and apply for a new one.
Do I have to surrender my Nabil credit card once I settle NabilInstallment outstanding?
Absolutely not! You can continue subscribing your Nabil credit card and enjoy endless benefits of card services even after the repayment of NabilInstallment outstanding. In fact, you can immediately apply for a new NabilInstallment loan after the repayment of the existing NabilInstallment outstanding.
Is there a limitation on number of times I can apply for NabilInstallment?
No. You can enjoy NabilInstallment numerous times as long as you are a Nabil card member.
Can I convert recent purchase transaction of my Nabil credit card to NabilInstallment loan?
Nabil does not allow such conversions of normal purchases to NabilInstallment loan. The NabilInstallment loan is available at select merchant locations. The list of merchants is in the page above.
Will I be able to utilize credit limit of my Nabil credit card after availing NabilInstallment?
Definitely! Your monthly credit limit is used up by the EMI only. For example, if your Nabil Credit card has a monthly credit limit of Rs 50,000, EMI of your NabilInstallment is Rs 7,000 then credit limit available for additional spending is Rs 43,000 monthly given that your payments are prompt. Please monitor your credit card account promptly to avoid going over your credit limits and end up paying Over Limit fees.
What should I do to avail NabilInstallment? But I don't have a Nabil credit card.
Firstly, apply for a Nabil credit card. You can apply for a Nabil Visa or Nabil MasterCard credit card. After subscribing to Nabil Visa and/or MasterCard credit card, visit the merchant store appointed by Nabil Bank for NabilInstallment. Your duly filled NabilInstallment form is submitted to us by the merchant for further processing. If Nabil Bank decides to sanction the NabilInstallment loan to you, you can collect the good/s from the merchant after acknowledging in the Delivery Order form.