Nepal Bank introduces zero down payment EMI for credit card users

Nepal Bank Limited has launched an installment-based payment facility for its credit card holders, allowing them to buy goods and services with zero down payment. The state-owned bank made the service possible by signing an agreement with Fintara Solutions, the fintech company that runs the 'Buy Now, Pay Later' (BNPL) platform OneBNPL.

According to reports from Aarthik News, Annapurna Post, Lokpath and Bizmandu, eligible credit card holders can pay for purchases made through OneBNPL's merchant network in monthly installments of three to 18 months. More than 150 online and offline merchants are on that network, including retailers, mobile and gadget stores, home appliance sellers, hospitals, resorts and holiday package providers.

The agreement was signed at the bank's central office in Kathmandu in the presence of senior officials of both organisations. Pradip Kumar Pathak, the bank's Chief Lending Officer, said the aim is to offer credit card holders a modern digital BNPL service through partnerships with emerging fintech companies. Ashish K. Sharma, Executive Director of Fintara Solutions, said working with a state-owned bank that has a large customer base across the country would help widen access to credit and expand the OneBNPL service. He said it would make everyday purchases easier on a credit card at low cost.

Arjun Bahadur Kandel, head of the bank's Retail Loan Department, and Deepak Regmi, head of its Card Department, said that offering instant installment services in partnership with a fintech company was important for meeting customers' changing needs. According to Aarthik News, the bank said the facility reduces the need to pay a large sum in one go at the time of purchase.

Annapurna Post reported that the agreement was signed on November 2, 2026. It said the facility was launched on the occasion of the bank's 90th anniversary, and that the bank enters its 90th year on November 16, 2026. The paper also reported that customers would pay no interest or service charge on purchases under the facility. The other three outlets did not mention charges.

Aarthik News, citing the company, reported that OneBNPL has agreements with more than 15 credit card-issuing banks in Nepal.