Beshigaun Smart Mobile

Welcome to Beshingaun Smart Mobile and enjoy the digital banking and payments services.
Beshingaun Smart Mobile is Beshigaun Multipurpose Co-operative Limited official Mobile Banking Application which enables its customers to keep track of their account maintained at Beshingaun Cooperative and allows its users to make different utility payments.

Enjoy hassle-free banking anywhere and anytime without visiting your branch and manage your Account with a fully secure and user-friendly application.

Below are the key features of Beshingaun Smart Mobile:

Manage your account

• Track your finances
• Track your account history
• Protect your account with your fingerprint

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
• Transfer and receive funds instantly

Receive and send money through remittance services

QR Payments:

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

Highly secure
• Secure your account with two factor authentications
• Fingerprint login helps secure your account

Calendar:
Customer can view official calendar of Beshigaun Multipurpose Co-operative Limited on our apps.

Location:
Customers can find our Office location.


Apply for loan through our app:

Beshingaun Smart Mobile 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 Beshigaun Multipurpose Cooperative Ltd Office)


For personal loan followings things apply:


A. Loan Amount: NRS 20 thousand to NRS 1 Crore

B. Loan Tenure: 180 days (shortest, including renewal period) to 120 months (longest, including renewal period)

C. Interest Ranging of minimum 9% APR to maximum 16% APR

D. Processing Fees = 1 % of loan amount

*APR = Annual Percentage Rate


Eligibility:

1. Resident of Nepal

2. Age above 18 yrs.

3. Must have a guarantor

4. Have an income source with tax clearance document


Personal Loan Example:

Let's say you are applying for a personal loan from the organisation, amounting to Rs.2,00,000 at a rate of interest of 16%(annual) and your loan tenure is 2 years,

Equated Monthly Instalment (EMI)= Rs.9792.62
Total payable interest = Rs.35022.88
Total Payment = Rs.2,35022.88
Loan processing fees = 1% of loan amount = 1% of Rs.2,00,000 = Rs.2000


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 = 2,00,000* 0.0129 * (1+ 0.0129)^24 / [(1+ 0.0129)^24 ]-1
= Rs 9792.62

So your monthly EMI would be = Rs.9792.62


The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 16% per annum, then R = 16/12/100 = 0.0133.

so, Interest = P x R
= 2,00,000 x 0.0133
= Rs.2666.67 for first month


Since EMI consists of principal + Interest

Principal = EMI - Interest
= 9792.62 - 2666.67
= Rs.7125.95


And for the next month, opening Loan amount = Rs.2,00,000- Rs.7125.95 = Rs.1,92,874.05


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

Please feel free to contact at 01-5550354/ 01-5550373 or send us email directly at [email protected] to share your feedback, query, or any issue associated with Beshingaun Smart Mobile.