NMB InstaBuy

1. Executive Summary

NMB InstaBuy is a comprehensive digital financing facility offered by NMB Bank. It functions as a Post-Purchase EMI (Equated Monthly Installment) conversion tool, allowing credit cardholders to transform high-value Point of Sale (POS) transactions into manageable monthly payments.

Designed for the modern economic landscape where liquidity management is essential, NMB InstaBuy empowers clients to manage cash flows efficiently without deferring essential lifestyle or asset purchases.

2. Value Proposition

• Financial Agility: Enables cardholders to retain their savings for investments while financing consumption through future income streams.
• Digital-Frist Architecture: A completely paperless workflow. Applications are processed via the eNMB App or NMB Web Portal, eliminating the need for physical branch visits.
  
• Cost Efficiency: Offers a competitive interest rate structure compared to standard revolving credit rates, making high-ticket items more accessible.

3. Key Product Parameters

4. Operational Workflow & Application

The NMB InstaBuy process is designed for speed and convenience:

• Transaction: The customer makes a purchase (goods or services) using their NMB Visa Credit Card (Classic or Platinum) at any POS terminal.
• Application Window: The customer must initiate the EMI request within 10 days of the transaction date.

• Digital Submission:

  a.    Log in to the eNMB App or NMB InstaBuy Web Portal (https://instabuy.nmb.com.np/).

  b.    Upload mandatory documents: POS Sales Slip and Invoice.

  c.     Select Tenure: 6 to 12 months. (Note: The chosen tenure must not exceed the validity period of the Credit Card).

• EMI Conversion: Upon verification, the transaction amount is converted into a loan. The customer's credit limit is blocked (lien marked) to the extent of the principal amount and is restored progressively as EMIs are paid.
• Universal Applicability: Customers can convert any eligible purchase from any merchant into EMI.