Kathmandu, November 3 : NMB Bank has launched a new loan product, NMB Sapati. The very product is driven by Artificial Intelligence (AI) which features end- to- end automation wherein the entire loan process from application to disbursal of loan is undertaken digitally and has no manual intervention of any kind.
“This is for the first time in Nepal that a loan product of the bank is accessible 24*7 and that the loan disbursal process is fully automated,” claims a press release issued by the bank.
NMB Sapati, a collateral free short- term personal loan, offers the credit up to Rs 100,00 to all those customers maintaining payroll account with the bank. “They have the option to select their repayment period and also the loan amount based on the ease and convenience” the release states.
“NMB Sapati can be availed via mobile devices and hence is a safe and contact less means for customers to meet personal and emergency financial requirements during these critical times triggerred by the coronavirus pandemic.” the release further quoted Sunil KC, Chief Executive Officer, NMB Bank Limited as saying.
