Citizens Virtual Credit Card’ is a payment card issued to our existing customers to enable the card holder to pay a merchant for goods and services. Citizens Virtual Credit Card offers an interest free loan if the monthly credit card bill is paid on time. It can be used for shopping by scanning the QR code.
Link: https://fonepay.com/citizens-fonepay-credit-card/
Eligibility:
- Nepalese citizen with 18 years of age
- Individuals with stable and regular source of income from business, service or property.
Documentation required availing Citizens Virtual Credit Card Facility:
For New Clients
Salaried personnel
- Cititizens Virtual Credit Card Application form duly filled and signed.
- Passport Size Photographs (2 Copies).
- Copy of Citizenship Certificate/Passport.
- Salary Certificate/ letter from employer disclosing the designation and present salary.
- Copy of Bank Account Statement for last six to twelve months.
Business Income Earners
- Credit Card Application form duly filled and signed.
- Passport Size Photographs (2 Copies).
- Copy of Citizenship Certificate/Passport.
- Financial Statement of last two years.
- Photocopy of Registration, PAN/VAT Certificate and/or license from concern authority
- Copy of Bank Account Statement for last six to twelve months.
- Memorandum and Articles of Association, Board Resolution to Borrow, paper disclosing percentage of ownership/shareholding, Partnership Deed.
For Existing Clients
Loan Clients
- Maximum 2.5% of approved funded limit or 250,000 whichever is lower.
Fixed Depositors Clients
- Credit Card limit shall be provided 50% of FD amount or NPR 200,000 whichever is lower.
Payroll Clients
- Maximum 1.5 times of net credited salary.
- At least 3 months’ salary must have been deposited in the account.
Privilege Clients
- Maximum 1 lakhs or 10% of the average available balance.
S.N |
Virtual Credit Card (Rupee) Charges |
In NPR |
1 |
Card Issuance Fee |
500 |
2 |
Annual/Renewal Fee |
500 |
3 |
Late payment Fee |
300 or 1% of monthly due whichever is higher |
4 |
Interest rate |
2%/month |