Kumari Bank provides financing options for smartphone purchase!

Kumari Bank Limited, under collaboration with F1 Soft International Private Limited,  will be providing EMI service to its customers for phone purchase. 

Customers who have a Payroll bank account with Kumari Bank will be eligible for this service. Under this scheme, the bank will be providing EMI loans between 1000 Rupees and 2 Lakhs. Customers who fulfill this criteria will be able to avail this service through mobile banking without putting in any collateral or paper formalities. 

Depending on the amount of salary, customers can choose installment options ranging from 1-12 months. The scheme will be particularly helpful for those with regular income, as the EMI option will allow them to manage their finances without ‘breaking bank’, as they would have on a one time purchase.