Sajilo Bikas Smart App

Name: Sajilo Bikas Smart App
Author: MBANK TECHNOLOGIES

Android app by MBANK TECHNOLOGIES. Finance · MBANK TECHNOLOGIES

Store rating: Unknown
Store rating count: Unknown
Download price: Free to download
In-app purchases: Not listed in captured metadata
Version: 6.1.21
Listing last refreshed: 2026-09-12

Store description excerpt

This app is created for the account holders of Sajilo Bikas Saving and Credit Co-operative Limited a co-operative that has been registered with the authorities and in accordance with the law. Features: QR Payments: Scan and Pay feature that allows you to scan and pay to the different merchants. Manage your account • Track your finances • Track your account history Make payments of your utilities • Pay your internet bills, phone bills, mobile top-up, and many other payments for the services you use Transfer funds instantly Calendar: Customer can view official calendar of Sajilo Bikash Multipurpose Cooperative Society Limited on our apps. Location: Customers can find our Office location. Apply for loan through our app: Sajilo Bikash Smart App offers different types of loan to our customer, we will be listing the loan category with interest rate and you can choose to apply for the needed loan category. (Note: This is just a loan information for applying and for the approval customer needs to visit the Sajilo Bikash Multipurpose Co-operative Society Ltd. Office) Personal Loan Example For Personal loan, followings things apply: A. Minimum Loan Amount NRs 10,000.00 Maximum Loan Nrs. 1,000,000.00 B. Loan Tenure: 60 months(1825Days) C. Repayment mode: EMI D. Grace Period: 6 Months. Interest must be paid in grace period. E. Interest Rate: 14.75% F. Processing Fees = 1 % of loan amount. G. Eligibility: 1. Resident of Nepal. 2. Age above 18 years 3. Must have a guarantor. 4. Have an income source with tax clearance document *APR = Annual Percentage Rate H. The minimum period of repayment is 12 months(1 year) and the maximum period of repayment is loan tenure period as per the agremeent (which is 5 years in this example). I. The Maximum Annual percentage Rate is 14.75%. Personal loan Example: Let's say you are applying for a Personal loan amounted NRs 1,000,000.00 from the organization at the rate of interest of 14.75% (annual) and your loan tenure is 5 years, Equated Monthly Instalment (EMI)= Rs.23659.00 Total payable interest = Rs.407722.00 Total Payment = Rs. 407722.00 Loan processing fees = 1% of loan amount = 1% of Rs. 1,000,000.00 = Rs. 10,000.00 EMI will be calculated as under: P x R x (1+R)^N / [(1+R)^N-1] where, P = Principal amount of the loan R = Rate of interest (Annual) N = Number of monthly instalments. EMI = 1,000,000* 0.0129 * (1+ 0.0129)^24 / [(1+ 0.0129)^24 ]-1 = Rs 23,659.00 So, your monthly EMI would be = Rs. 23659.00 The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 14.75% per annum, then R = 14.75/12/100 = 0.0121. so, Interest = P x R = 1,000,000.00 x 0.0121 = Rs.12,123.00 for first month Since EMI consists of principal + Interest Principal = EMI - Interest = 23,659.00-12,123. = Rs.11536 in a first ins

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