NIC ASIA Instabuy EMI Facility allows customers to easily convert their Credit card purchases into monthly installments. Instabuy facility can be applied online as per the convenience of customers without visiting the Bank.
Purpose
To convert credit card purchases into easy EMI
Eligible Customers
Only credit card customers of NIC ASIA Bank
Eligibility
100% of credit card limit or purchase amount whichever is lower.
Tenure
3 months to 18 months
EMI Handling Fees
The following fees shall be applicable as a one time EMI conversion charge to the customers/ merchants of the Bank :
| EMI Tenure | EMI Handling Fees |
| 3 months | NPR 500 or Flat 2.5% of total amount whichever is higher |
| 6 months | NPR 1200 or Flat 5% of total amount whichever is higher |
| 9 months | NPR 2000 or Flat 7.5% of total amount whichever is higher |
| 12 months | NPR 3500 or Flat 10% of total amount whichever is higher |
| 18 months | NPR 6000 or Flat 18% of total amount whichever is higher |
| 24 months | NPR 8500 or Flat 24% of total amount whichever is higher |
Fees & Charges
No additional fees and charges shall be applicable to customers other than EMI Hanlding fees on conversion of their purchases into EMI.
0% Instabuy EMI Facility
The customers of the Bank can convert their Credit Card purchases into monthly installments from the following merchant partners at no cost. (0% Financing Facility)
| Name Of Merchant | EMI Charge for Customers | Waiver applicable on EMI Tenure of | Validity of Waiver |
| Big Digital | Nil | 3 months and 6 months | Shrawan 9, 2080 |
| UHS Holdings | Nil | 3 months and 6 months | Ashwin 30, 2080 |
| CG Digital | Nil | 3 months and 18 months | Ashwin 30, 2080 |
| Daraz | Nil | 3 months and 6 months | March 21, 2024 |
| A to Z online Bazaar | Nil | 3 months and 18 months | Bhadra 30, 2080 |
| IMS Smart | Nil | 3 months and 6 months | Ashwin 30, 2080 |
With our digital transaction services, you can easily make payments at over 1,000+ merchant outlets.
Product Benefits
Comparing Our 3 Card Types
* Note: Before making a decision about any of our products or services, please read all the Terms and Conditions and consider whether the product or service is right for you.
*Note: The card offers are upto 5 years only. Fees and charges apply and may change.
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