Smart FoneLoan is a digital lending service that facilitates small short-term pre-approved loans to individual customers instantly, through the Laxmi Bank Mobile Money app. This service, in essence, can be considered as a Virtual Credit Card for the customer.

Special Features

Lending based on analytical study of customer’s banking transactions. No collateral required

The entire lending process happens through Mobile banking; No bank visit, No paper work, no hassle of conventional credit application process.

All process of loan application, approval and disbursement done instantly at real time, within a few minutes

Financing Terms and Conditions

NPR 2 Lakhs

Max loan Amount

Permissible Loan Amount Determinants

• Average Monthly Salary or Regular Deposits in Account
• Monthly Balance with Continuity and Utilization
• Status of existing Loans & History of previous Loans in Bank

Eligibility Criteria

  • Must have a savings account maintained in the bank with regular transactions.
  • Must be a registered user of Laxmi Bank Mobile Money
  • Amount of loan is determined automatically by Decision Analytics Software based on the account and transaction history of the customer
  • You will be able to know if you are eligible for the Smart FoneLoan in the app itself.

To know more about Smart FoneLoan, please Click here

Download the Mobile Money App here

How to avail Smart FoneLoan on Mobile Money