Insta Pay Facility
Insta Pay is a value added product of MBL under credit card for the financing of the consumer durables. With Insta Pay, you get to purchase varieties of home appliances, electronic gadgets, furniture, jewelries, and many more.
Frequently Asked Question:
1. What is MBL Insta Pay?
MBL Insta Pay is the product under credit card for the financing of the consumer durables where customers can enjoy facility to buy their item of interest and pay on EMI.
2. How will I get started with Insta Pay?
To use our Insta Pay facility, you first need to have MBL credit card, once you have credit card limit on your hand, you simply need to fill up Insta Pay application from and submit it to your nearest branch of Machhapuchchhre Bank Limited.
3. What documentation do I need to provide?
You need to provide quotation of goods/services you are willing to buy along with Insta Pay application form.
4. How does my installment option works?
Once you are approved to get Insta Pay facility from bank’s side, your credit card limit shall be blocked and converted into EMI. Your limit gets released only when you pay your monthly installments.
5. How will I pay back my EMI?
Bank will auto-enable standing instruction on your saving account to enable debit of monthly payments for EMI. Please make sure you keep sufficient balance in your account to cover for EMI amount.
In case you don’t maintain account or do not have sufficient balance in account or wish to pay the amount early, you can pay by filling credit card voucher from nearest MBL branch.
In addition, you can also pay your Installment from Connect IPS, Esewa, Mobile Banking of different banks and FI’s and Internet Bank.
6. What charges I need to pay to avail Insta Pay Facility?
You will be charged certain upfront fee on the basis of tenure you choose to avail Insta Pay Facility. On certain circumstances, your merchant shall pay the bank on your behalf.
Upfront fee differs with the price of product/service and tenure you choose to repay all your EMI’s.
7. How will I get notified for the payments of my Installment?
You will get your monthly statement on 6th of every English calendar month in your email and you are supposed to pay it by 20th of the same month. If part payments, financial charges will be levied in the total outstanding amount from the installment date @ 2% PM.
8. What happens if I won’t be able to pay my installment on time?
Bank shall charge you interest and late payment fee on the basis of your overdue date.
9. What is the minimum and maximum purchase amount on which I can avail Insta Pay?
Minimum purchase amount to avail Insta Pay will be NPR 15,000 and maximum amount will be NPR 1,000,000
10. How do I know my eligibility limit for Insta Pay?
You are eligible to get the products worth twice of your credit card limit. If you wish to buy products of more than your eligible limits, you need make down payments to the merchants accordingly.
11. What are the repayment tenure options for Insta Pay facility?
You have an option to select the repayment tenure from 6 months to 36 months.
12. What are the items I can buy using Insta Pay?
- Purchase of Home Appliances
- Purchase of Electronic Gadgets
- Purchase of Holiday packages
- Purchase Furniture and Furnishing items
- Purchase Gold and Diamond Ornaments
- Purchase Bike and Scooters
- Payment of Insurance Premium
|S.N||Name of Merchants||Address||Goods||Contact Details|
|1||IMS/Smart||Kamaladi, Kathmandu||Samsung Mobile||9802004633|
|2||HIM Electronics Pvt Ltd||Durbarmarg, Kathmandu||Samsung Mobile & Home Appliance||01-4230382 / 9851279022|
|3||Easy Mobile Care||Newroad, Kathmandu||All Brand Mobile||9851045133|
|4||New Denish Electronics||Suryabinayak, Bhaktapur||All Brand Mobile & Home Appliance||9851143197|
|5||Colour Wave Mobile Center||Chardabato, Banepa||All Brand Mobile||9851162933|
|6||Generation Next Communication Pvt Ltd||Sherpa Mall Durbarmarg, Kathmandu||I phone Mobile/ Dell,Apple Laptop||9851139794|
|7||Universal Electrom||Tripureshawor, Kathmandu||Hitache Home Appliance||01-4251622|
|8||EVO Store||Lalitpur||I phone Mobile||9851036757|
|9||ECO Infinity||Maitighar, Kathmandu||Electric Scooter||9801230007|
|10||Samsara Holidays||Lazimpat, Kathmandu||Holiday package of foreign countries||01-4006666 / 9801901411|
|11||New Super Star Enterprises||Newroad, Kathmandu||LG, Samsung Home Appliance||01-4242000/9851041437|
|12||Peoples Mobile Hub||Newroad, Kathmandu||All Brand Mobile||9851135126|
|13||Ashmi Jewellers||Newroad, Kathmandu||Gold, Silver & Diamond Jewellers||9851189764 / 01-4224905|
|14||Home Service Nepal Pvt Ltd||New Baneshwor, Kathmandu||Online All Brand Mobile,Home Appliance etc||9849168257 / 9851022980|
|15||A to Z Bazar Pvt ltd||Putlisadak||Online All Brand Mobile,Home Appliance etc||01-4222104 / 9851112104|
|16||IMS Connect||Kamaladi, Kathmandu||Samsung Mobile||9802006525|
|17||OLA Electronics Pvt Ltd||Triveni Complex Putlisadak||Huawei Mobile||9801248181 / 9801248151|
|18||Vastel Impex Pvt Ltd||Thapathali, Kathmandu||MI/Xiaomi Mobile||01-4101528 / 9841885531|
|19||Karuna Interior Pvt Ltd||Gairidhara, Kathmandu||Furniture Item||9841277953|
|20||Shrestha Traders||Ghorahi, Dang||All Brand Mobile & Home Appliance||9812850131|
|21||Hard Hat Trading Pvt Ltd||Baluwatar, Kathmandu||Helmet & Accessories||9851027524|
|22||Shiv Shankar Traders||Ghorahi, Dang||Samsung,MI,VIVO,Oppo Mobile||9857834050|
|23||Jisan Store||Rajbiraj-04||Samsung,MI,VIVO,Oppo Mobile||9804731720|
|24||S.M Mobile and Parts Center||Rajbiraj-04||Samsung,MI,VIVO,Oppo Mobile||9816729281|
|25||TV World||New Baneshawor, Kathmandu||Home Appliances||01-4780343|
|26||Cyber Zone||Damauli, Tanahun||All Brand Mobile||9846133999|
|27||Mani TV Center||Narayanghat,Chitwan||Home Appliances||9845044715|
|28||Kumari Home Appliances||Chabahil||LG,Samsung Home Appliances||9841461883|
|29||Buddha Group of Electronics||Gwarko||Home Appliances||9802937531|
|30||Design City Nepal Pvt Ltd||Sanepa||Hometheater,Projectors||9818448212|
|31||Shree Ganesh Stores||Tansen,Palpa||Samsung,MI,VIVO,Oppo Mobile||9857060223|
|32||Jaya D urga Electronics Center||Biratchowk, Morang,Nepal||Samsung, LG||9852041542|
|33||A.B.C. Suppliers||Biratchowk, Morang,Nepal||Samsung, LG||9852041536|
|34||Bibha Laxmi Jewellers||Biratchowk, Morang,Nepal||Jewellery||9811039782|
|35||S.K.Furnishing Flooring &Electronics||Rajbiraj,Saptari||Furniture & Refrigerator, Television||9804741818|
|36||Jyoti Shree Pvt.Ltd.||Babarmahal, Kathmandu||Solar heater and Printer||9851112425|
|37||Gaire Mobile and Laptop Care Center||Tansen,-04, Palpa||MI Mobile||9857060005|
|38||New Lokman & Sons||Bharatpur, chitwan||Diamond and Gold||9855055412|
|39||Shrestha and Brothers||Damak-08, Current Damak-06, Jhapa||Furniture and Furnishing Items||9802740620/023-582640|
|40||I Hub Pvt Ltd||Babarmahal, Kathmandu||Oneplus Mobile||9851112425|
|41||Balaji Furnishing Center||Damak-11, Jhapa||Furniture & Furnishing||9852655156|
|42||Ugratara Technical Goods||Dhangadhi, Nepal||Computer, Laptop, Printer||9858420667|
|43||Namuna Electronics||Dhangadhi, Nepal||Home Appliances & Electronics Item||9858420631|
|44||Amit Impex||Damak-6 Jhapa, Nepal||All Brand Mobile & Home Appliance||9852675700|
|45||S.N Joshi & Sons Co Pvt Ltd||Patan Hospital Road, Nepal||SB Furniture||9802072012|
|46||Folliderm Health Care Pvt Ltd||Baluwatar, Kathmandu||Hair Transplent/Skin Clinic||14443443|
|47||New Saptakoshi Electronics||Itahari Sunsari, Nepal||Samsung & Himstar Electronics Item||9842035670|
|48||Nava Jeevan Traders and Suppliers||Bhimdatta-4, Kanchanpur||Samsung,CG,Yasuda Home Appliance||9848745672|
|49||Janata Trading Center||Damak-11, Jhapa||All Brand Home Appliances||9852677772|
|50||Janta Traders||Damak-11, Jhapa||All Brand Home Appliances||023-584033|
|51||Dipesh Infosys||Dhangadhi, Nepal||Computer, Laptop, Printer||9851168979|
|52||7+7 Mobile House||Samakhusi Kathmandu||All Brand Mobile||9851021672|
|53||National Suppliers||Biratnagar-7, Morang||A.C, Heater and Cooler||9852023194|
|54||Ugratara Trading House||Dhangadhi,Nepal||Computer, Laptop, Printer||9858515157|
|55||New Sarasawati Electronics||Dharan-12,Nepal||TV, Freez and A.C||9852049543|
|56||Star Vision||Kasaki, Nepal||Sony,Samsung,Whirlpool & Yasuda||9856023153|
|57||Good Will Electronics||Kasaki,Nepal||Samsung,Whirlpool, CG, TCL & Godrej||9856011700|
|58||Bela Motors||Kathmandu,Nepal||Bella Scooters & Bikes||9851063224 / 9841642777|
|59||Sargam Varieties||Birtamod Jhapa, Nepal||Hitache,Sony Home Appliance||9852679179|
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