{"id":67045,"date":"2021-02-23T12:26:07","date_gmt":"2021-02-23T06:41:07","guid":{"rendered":"http:\/\/techlekh.com\/?p=67045"},"modified":"2021-02-23T12:32:03","modified_gmt":"2021-02-23T06:47:03","slug":"daraz-nepal-emi-facility","status":"publish","type":"post","link":"https:\/\/techlekh.com\/daraz-nepal-emi-facility\/","title":{"rendered":"Daraz Nepal Brings 0% EMI Payment Plan for its Customers"},"content":{"rendered":"

Daraz<\/a>, the biggest e-commerce marketplace of Nepal has introduced a new feature for its customers. The new feature is a 0% EMI facility<\/strong> which allows customers to purchase products from daraz on the monthly installment option.<\/p>\n

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Daraz 0% EMI Facility<\/figcaption><\/figure>\n

This service is available via select banks and there are some details that you need to take a look at. So, let’s take a brief look at Daraz’s new 0% EMI facility.<\/p>\n

Daraz 0% EMI Facility<\/h2>\n

First, 0% EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender each month without any interest. The EMI plan can have a variable payment duration from 3 months to 6 months.<\/strong><\/p>\n

Normally, you would need to make a downpayment on an EMI plan but Daraz is offering 0% downpayments along with a 0% interest rate.<\/strong><\/p>\n

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Daraz 0% EMI Facility Bank Partners<\/figcaption><\/figure>\n

So, if you purchase a product worth Rs. 60,000 with Daraz’s EMI facility with a 6 month period then, you will need to pay Rs. 10,000 each month for 6 months. There are no extra interest rates or hidden costs.<\/p>\n

ALSO READ:<\/span> Infinix Note 8i with Helio G80 Launched in Nepal Exclusively via Daraz<\/a><\/strong><\/p>\n

However, this facility is only available for credit card holders of select banks<\/strong> and you will need to pay certain credit card charges. Do note that the full outstanding payment will be blocked on your credit card.<\/p>\n

As of now following four banks support Daraz 0% EMI.<\/p>\n