Trust
Integrity
Grit
Empathy
Respect
Collaboration
Learning
Innovation
Fair
Fun
Foneloan is a digital financing product for banks to provide small short-term loans to banks' customers through mobile banking.
Customers can directly avail foneloan’s different services directly through their bank’s mobile banking apps. The customers can use the mobile banking apps to register, and apply for foneloan. An analytical software called “Decision Analytics” is used to identify the eligible customers, based on the criteria set by the banks. The customers can avail loans within their pre-approved foneloan limit, which is based on their transaction history and other parameters set by the respective banks. Loan approval happens automatically and the loan amount is deposited to the customer’s bank account instantly, with the whole process completed within a few minutes.
We start with Trust
We are committed to honesty and reliability in all our relationships to ensure that we trust each other and our customers trust us.
A Culture of Collaboration
Individuals work collectively towards a greater common goal by sharing knowledge, ideas, and resources with mutual trust for one another.
We are driven by Integrity
We are guided by the highest moral and ethical standards and take full responsibility of our actions while caring deeply about the outcomes.
A Culture of Learning
Gritty Individuals and teams embrace each challenge and setback as an opportunity to adapt, re-strategize, and grow.
We work with Grit
We strive for excellence and remain focused and resilient to overcome all challenges even when faced with adversity.
A Culture of Innovation
Everyone is focused on creating leading-edge solutions based on empathy by putting customers at the core of everything.
We embrace Empathy
We put ourselves in the shoes of others to understand their feelings and perspectives to create an environment for human-centric relationships and customer-centric innovations.
A Culture that is Fair
Individuals demonstrating Integrity to participate in interactions and decisions that are impartial, unprejudiced, and unbiased.
We stand for Respect
We recognize that every individual is unique and treat everyone with dignity regardless of gender, class, opinion, or creed.
A Culture that is Fun
Individuals feeling valued and treating each other with Respect to nurture a vibrant and inclusive workplace with an enjoyable experience.
foneloan has been able to create a buzz in the market, which we believe is primarily due to the novelty of the product concept and the potential it carries to open the door for the introduction of modern Digital Lending Services in the Nepalese banking sector.
We have been closely working with F1soft from the beginning. The innovativeness and revolution in Digital Financing brought about by F1soft is surging and foneloan is one of the examples. We launched foneloan through Kumari Smart app around October 2020. Previously, there was only a 1 month payment modality in foneloan. However, with the higher demand and understanding the need of the eligible customers, now Kumari Bank offers foneloan in EMI and at the same time, customers can Buy Now, Pay Later while scanning QR to make purchase at any fonepay merchant.
Foneloan is quick, reliable, and convenient, which can be utilized as a backup fund at the time of emergencies and also to fulfill the customers’ desire then and there. The collateral-free instant loan is cheaper and neither requires bank visit nor any documentation. We encourage bank’s payroll account holders to avail foneloan digitally from Kumari Smart app in just a few clicks whenever you need and wherever you need. Foneloan, an instant loan at your fingertips.
I am overwhelmed to find such an amazing instant loan service which is quick to apply and easy to pay. The instant loan service that was available in one month modality has evolved to EMI loan, Buy Now Pay Later facility. The concept of buying now and paying at customer’s convenience has instilled confidence amongst customers like me that Nepalese banking is striving towards being at par if not better than international banking practices in terms of digitization of financial services. With your great hospitality and sincere service, we look forward to more such innovative features in days to come. On behalf of all customers, I would like to extend my appreciation to Kumari Bank for this endeavor and wish them the best for the future.
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