EMI Products :
We offer two variants of the EMI’s under our product Citizens Visa Credit Card (NPR) facility for our Credit Card Customers. This is a payment option available for the individuals only.
- Citizens Instalment Scheme (NPR)
This is a scheme where the Credit card holder can purchase goods and avail services through the listed merchants only and pay in equal monthly installments, at 0% interest rate.
- Financing is available up to 100% of the product cost subject to minimum loan amount of NPR 20,000/- to maximum loan amount of NPR 250,000/-
- For purchases made at the listed outlets only, the cardholder shall have choice of repaying in 3 to 18 equal monthly instalments (EMI) option in line with the approved terms.
- Additional Limit of 0.5 times in the existing credit card limit is provided for the credit card customers who opt for availing this scheme.
- Citizens Insta Buy (EMI) Scheme
It is a repayment scheme Plan where the Credit Card Holder of the Bank can purchase goods and avail services at low interest rate from any of the merchant locations as per their wish.
- Financing is available up to 100% of the product cost subject to minimum loan amount of NPR 10,000/- to maximum loan amount of NPR 250,000/-
- Lower rate of financial charge of 0.833% per month (10% p.a.).
- Installment of customer’s choice – 3,6,9,12,15 or 18 months.