Atal Smart App

Atal Smart App is a simple, secured and fast finance app for Atal PanchKunda Saving and Credit Cooperative Limited. Here you can manage your account and access your Atal PanchKunda Saving and Credit Cooperative Limited accounts faster and securely via internet or SMS.

The App is regularly updated with new features and new utility payments  for the user's convenience which makes it the best app for Atal Smart App.

Here are the key features of Atal Smart App:

Organize your account

• Quick track your finances
• Keep track of all your transactions through secured app

This app helps you to pay multiple utility payments though the app itself.

Transfer funds instantly
• Instantly transfer and receive funds

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 secured app with two factor authentication and fingerprint.

Users can view Atal PanchKunda Saving and Credit Cooperative Limited branches direcly via app.


Apply for loan through our app:

Atal Smart App 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 Atal panchkunda Saving and Credit Co-operative Ltd 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 agreement (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

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 = 1,000,000 0.0129 * (1+ 0.0129)^24 / [(1+ 0.0129)^24 ]-1
= Rs 23,659.00

So, your monthly EMI would be = Rs. 23659.00

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.


Note: Our app is currently Geo-restricted to users located exclusively in Nepal. As a result, some features of the app may not function as expected or may be limited when accessed from other regions. We only aim to deliver a seamless and meaningful experience to users who are situated within Nepal's geographical boundaries.