Nabil launches ‘Lifetime Free Credit Card’ to apply from home

Speaking to us, Mr. Niraj Sharma, Chief Business Officer, Transaction Banking & N Bank, Nabil Bank said, “On the occasion of the bank’s anniversary, the bank is offering special discount on various banking services.

According to him, the credit card scheme is one of the main campaigns that are currently being conducted.

“Nabil Bank is one of the leading banks in Nepal’s issuing of credit cards and has been providing credit cards for more than three decades,” he added.

Generally, the credit card users have to pay ‘joining fee’ and annual fee every year while taking the card, under the special campaign, both fees have been completely waived for life.

“Customers who get a new credit card by August 22 will not have to pay joining fees and annual fees as long as they are using the card,” he said. According to him

, individuals with regular income can apply for the credit card from any branch of Nabil Bank or through the N-

Banc digital platform. He said that the service is targeted to salaried employees, businessmen or customers who have regular source of income including rent.

He said that for the credit card application, you will need a document confirming regular income, a copy of citizenship, passport size photo and an application form with the required details.

In the case of entrepreneurs, they will have to submit business-related financial statements, tax clearance certificates and other documents. Customers who do not have an account with Nabil Bank are required to provide their bank statements.

According to Sharma, with the expansion of digital banking, customers can apply from home through the N-Bank app or web without having to attend the branch.

After the online application, the required documents can be uploaded and the bank will issue the card informing the entire process through SMS, email or phone.

Stating that the main feature of the credit card is the ‘interest free credit period’, he said that the customer can use the bank’s money without interest for a maximum of 45 days.

The customer will be able to use the facility at no extra charge between billing date and payment date.

The bank has also been providing ‘Buy Now Pay Later (BNPL)’ facility.

Under this offer, customers purchasing television, mobile, laptop, home appliances and other durables from Nabil’s branches will be able to pay monthly installments without having to pay a lump sum amount.

The bank said that the bank will also get special discounts at restaurants, hotels, hospitals, diagnostic centers, shopping malls and other business establishments.

The bank has been providing such discounts and offers in collaboration with its partner institutions.

Sharma said that at a time when e-commerce transactions are on the rise, credit cards will provide additional security to customers.

He said that customers will get ‘chargeback’ and other protection facilities in case the goods are not received or the goods as per the details are not received while purchasing online.

According to him, Nabil’s Domestic Credit Card can be used in India as well as Nepal, which will make it easier for passengers and regular transaction customers.

“The hassle of carrying money will be reduced, expenses can be managed in a safe and systematic way,” he said.

The bank said in a statement that it has been conducting various schemes to provide easy, secure and modern payment system to the customers through the expansion of digital banking and card services.

The bank said that the ‘Lifetime Free Credit Card’ scheme launched on the occasion of its 42nd anniversary is a part of the same.

Similarly, the company has announced a 50% discount on Electronic Payment Gateway (EPG) integration fees and 42% discount on security deposit fees for small and large businesses to digital payment systems.

According to the bank, this facility will be valid till August 22, 2026 ।