Foneloan Partners with Hamrobazaar to launch Buy Now, Pay Later

Foneloan and Hamrobazaar have collaborated to launch HamroBNPL, a Buy Now, Pay Later feature that enables eligible Foneloan users to purchase products on foneloan.hamrobazaar.com and pay in manageable equal monthly installments (EMI), making shopping on hamrobazaar.com more convenient and budget-friendly. Foneloan users of Kumari Bank Ltd., Nepal Investment Mega Bank Ltd., Laxmi Sunrise Bank Ltd., and Agricultural Development Bank Ltd. can make use of this feature through their respective Mobile Banking apps.

Customers can choose between Interest Free EMI for six months and Standard EMI for nine to twelve months with no down payment from HamroBNPL. Users can explore over 250 products from 50+ top brands, all available under the HamroBNPL section on Hamrobazaar.com. Eligible Foneloan users from the above listed banks can simply log in to their Mobile Banking app, scan the website’s QR code, select their desired product, and follow the on-screen instructions. Expected to revolutionize how Nepali customers engage with online shopping, the goal of Foneloan and Hamrobazaar is to provide customers with the financial freedom to make significant purchases without the burden of having to pay in full right away.