Janashramik Smart App

Jana Shramik Smart App is an official mobile application of Janashramik Saving and Credit Co-operative Ltd. which facilitates the user for various utility payment and mobile recharge/ topup for different telecom service provider as well as mobile banking features.

Key feature of Jana Shramik Smart App


It enables user for various banking transaction like Fund Transfer

Keeps track of all your transactions through secured app.


Jana Shramik Smart App facilitates you to pay different bills and utility payment through highly secured merchants.

QR scan: Scan and Pay feature that allows you to scan and pay to the different merchants.

Apply for loan through our app:

Jana Shramik 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 Jana Shramik Saving and Credit Co-operative Limited. 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 agreement (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 installment which can be vary on other installment.

And for the next month, opening loan amount = Rs.1,000,000.00-Rs. 11536.00 = Rs.988464.00


Disclaimers: We are not asking applicants to pay advance money for loan. Please be aware of such fraudulent activities.