For the Account Holders of Naya Milan Saving and Credit Co-operative Limited
About Naya Milan Smart Banking
Naya Milan Smart Banking is a finance app developed by MBANK TECHNOLOGIES.
Download Statistics
Naya Milan Smart Banking has been downloaded 2.1 thousand times. In the last 30 days, the app was downloaded 7 times.
User Ratings
The app has no ratings yet.
App Information
Naya Milan Smart Banking is FREE to download. The APK download size is 42.86 MB. The latest version available is 6.1.20. The last update was on June 16, 2026.
Technical Requirements
The app has a content rating of Everyone. The app has been available on Google Play October 2025.
Description
Naya Milan Smart Banking provides different banking solution as well as facilitating utility payment and mobile recharge for different telecom service providers for the account holders of Naya Milan Saving and Credit Co-operative Limited.
Key feature of Naya Milan Smart Banking
It enables user for various banking transaction like Fund Transfer
Keeps track of all your transactions through secured app.
Naya Milan Smart Banking 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:
Naya Milan Smart Banking 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 Naya Milan 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 agremeent (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
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.
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