Buy smartphones on 0% EMI with Hamro BNPL by Foneloan

EMIs have become quite a thing for purchasing smartphones, vehicles, and electronic and electrical appliances. To make it digital, Foneloan by FonePay has collaborated with Hamro Bazar, providing a Buy Now Pay Later service with 0% EMI. In this article, let's get into the details and all the info about Hamro BNPL by Foneloan.

Hamro BNPL by Foneloan Overview

What products are available?

Before even starting, let me make one thing clear. Despite Hamrobazaar being a marketplace mostly for used products, this Hamro BNPL by Foneloan is for brand-new goods only. For the time being, Hamro BNPL offers Electronics, Footwear, Furniture, Home Appliances, and Hospitality products. Although there is a Clothing category, there are 0 merchants available as of now. We'll mainly focus on the smartphones and laptops part which is categorized under the Electronics section. And here we have three merchants: Oliz Store, Evo Store, and Neoteric. So you'll find authorized smartphones like iPhones, Nothing & CMF Phones, OnePlus phones, iPads, Macbooks, and other accessories sold by the aforementioned merchants. But do note, that not all the products you may find on other platforms will be available here.

The Basic Criteria

• Currently, Foneloan service is only available in four banks: Agricultural Development Bank, Kumari Bank, NIMB Bank, and Laxmi Sunrise Bank. So, you must have a bank account in either one of those banks.
• You don't get Foneloan service on your bank account by default. You either need to have a salary account or even a normal account will do, but salary-like transactions must happen at least once a month. Plus, a certain amount should also be held in your account.
• The bank tracks your monthly flow of money and transactions for eligibility for Foneloan service.
• It might take at least six months to get Foneloan service.
• For further inquiries, you can hop on a call with the toll-free number of your concerned bank.

How to buy products on Hamro BNPL on 0% EMI?

• You can head directly to https://foneloan.hamrobazaar.com or visit hamrobazaar.com and click on the HamroBNPL banner.
• Then, you can just browse through the listed items on the HamroBNPL page, pick your desired product, and view its details.
• On the product details page, locate the QR code which is at the bottom, and use the mobile banking app of Foneloan partner banks and scan it. For example, we have used the Laxmi Sunrise app with a Foneloan-enabled account.

• If you're eligible for Foneloan, you'll be directed to the Foneloan page to choose your preferred EMI plan. Some plans offer Interest-Free EMIs, while others may have interest charges.
• After that, just follow the instructions on the screen to confirm your order.
• The seller will contact you to schedule the delivery of the product.

Benefits of using Hamro BNPL by Foneloan

Hamro Buy Now Pay Later by Foneloan is a pretty useful service for those buying products at 0% EMI and hassle-free procedures. As it's an EMI service, you can plan your budget accordingly. Plus, you don't need to pay the full amount, emptying your bank balance to buy a product.

Some catch...of course

• Well, as stated by the official site, not all products are available at 0% EMI. Some will incur p.a charges as defined by banks.
• Plus, you cannot get discounts on the products bought on EMI, which means, you have to pay the Maximum Retail Price (MRP).
• Sometimes, smartphones and other products can be found cheaper somewhere else during festive and other offers.