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How to Take Loan in NTC Loan in Nepal: Complete Guide 2024

how to take loan in ntc

Running low on mobile data in NTC or needing a quick top-up but your wallet’s looking like a hibernating marmot? Fear not, Nepali tech warriors! NTC‘s loan feature comes to the rescue, offering a handy lifeline of prepaid credit when you need it most. But how do you navigate the loan labyrinth and emerge victorious with a pocketful of digital rupees? This detailed guide will unravel the mysteries of NTC loans, equipping you with the knowledge and confidence to conquer your mobile financial woes.

Know Your Options:

NTC offers two convenient loan options to cater to your needs:

1. NTC Credit:

  • Quick fix: Dial *1477# and select “Namaste Credit” to activate.
  • Credit limit: Starts at NRs. 10 and can increase with usage. Maximum limit varies based on individual account history.
  • Repayment: Automatic deduction from your next top-up amount.
  • Fees: None! Namaste Credit is currently fee-free.

2. NTC Sapati Loan:

  • Higher stakes: Available through the NTC app or a USSD code (422 followed by your security code and “S”).
  • Loan amounts: NRs. 50, 100, 200, or 500.
  • Repayment: Deducted throughout 7, 14, or 30 days depending on the loan amount.
  • Fees: Service charges apply – NRs. 5 for NRs. 50 loan, NRs. 10 for NRs. 100 and 200, and NRs. 25 for NRs. 500.

Charting Your Course:

Loan OptionProsCons
Namaste CreditInstant, no fees, limit adjusts to usageLower initial limit, automatic deduction
Sapati LoanLarger loan amounts, flexible repayment schedulesService charges require app or USSD

Accessing Namaste Credit:

  • Dial *1477# and select “Namaste Credit” followed by “Start.”
  • You’ll receive a confirmation message with your initial credit limit.
  • Use your loan like regular prepaid credit!
  • The loan amount gets deducted automatically from your next top-up.

Applying for Sapati Loan:

  • Download the NTC app or dial 422 followed by your security code and “S.”
  • Choose your desired loan amount and repayment period.
  • Enter your PIN and confirm the request.
  • Upon approval, the loan amount will be credited to your mobile balance.
  • Repayment occurs in installments deducted from your subsequent top-ups over the chosen period.

Bonus Tips:

  • Maintain a good credit history by repaying loans promptly to increase your Namaste Credit limit.
  • Use loans responsibly and only when necessary to avoid unnecessary charges.
  • Always remember your PIN for secure transactions.

With this guide as your compass and a dash of financial prudence, you can now navigate the NTC loan system with ease. Remember, loans are crutches, not replacements for sound budgeting. But when unexpected digital droughts hit, NTC’s loan options can be a valuable lifeline. So, go forth, Nepali tech explorers, and conquer your mobile finance with confidence!

Disclaimer: This information is accurate as of December 17, 2023. NTC may revise its loan policies and fees from time to time. Please refer to the official NTC website or app for the latest updates.

FAQs about how to take loan in NTC:

1. How can I activate Namaste Credit for NTC loans?

Dial *1477# and select “Namaste Credit” followed by “Start.” You’ll receive a confirmation message with your initial credit limit.

2. What is the maximum loan amount I can get with NTC Sapati Loan?

NTC Sapati Loan offers four loan amounts: NRs. 50, 100, 200, and 500.

3. Are there any fees for NTC loans?

Namaste Credit is currently fee-free. Sapati Loan has service charges ranging from NRs. 5 to 25 depending on the loan amount.

4. How do I repay my NTC loan?

Namaste Credit gets deducted automatically from your next top-up. Sapati Loan repayments occur in installments deducted from your subsequent top-ups over the chosen period (7, 14, or 30 days).

5. How can I increase my Namaste Credit limit?

Maintaining a good credit history by repaying loans promptly can increase your Namaste Credit limit.

6. Can I take an NTC loan if I have an outstanding balance?

No, you cannot take an NTC loan if you have any outstanding balance from previous loans. Your account needs to be clear to be eligible for new loans.

7. How can I check my remaining loan balance or repayment schedule?

You can check your remaining loan balance and repayment schedule for both Namaste Credit and Sapati Loan through the NTC app or by dialing *1477# and selecting “Namaste Credit” followed by “Status.”

8. What happens if I don’t repay my NTC loan on time?

Failing to repay your NTC loan on time may result in service restrictions until the loan is cleared. Late payment penalties may also apply.

Remember, these are just some of the most frequently asked questions. It’s recommended to refer to the official NTC website or app for the latest information and specific details about loan eligibility, terms, and conditions.

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