Sahari Mobile Services

Sahari Mobile Services app is created for the account holders of Sahari Multipurpose Cooperative Limited a co-operative that has been registered with the authorities and in accordance with the law. It enables its customers to keep track of their account maintained at Sahari Multipurpose Cooperative Limited and allows its users to make different utility payments.  Features: • Track your finances • Protect your account with your fingerprint • Transfer and receive funds instantly Remittance services QR Payments:  Scan and Pay feature that allows you to scan and pay to the different merchants. Highly secure • Secure your account with two factor authentications • Fingerprint login helps secure your account Calendar: Customer can view official calendar of Sahari Multipurpose Cooperative Limited on our apps.  Make payments of your utilities • Pay your internet bills, phone bills, mobile top-up, and many other payments  for the services you use Apply for loan through our app:Sahari Mobile Services 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 Sahari Multipurpose Co-operative Ltd. Office)Personal Loan ExampleFor Personal loan, followings things apply:A. Minimum Loan Amount NRs 10,000.00 Maximum Loan Nrs. 1,000,000.00B. Loan Tenure: 60 months(1825Days)C. Repayment mode: EMID. 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 RateH. 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:Lets 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.23659.00Total payable interest = Rs.407722.00Total Payment = Rs. 407722.00Loan processing fees = 1% of loan amount = 1% of Rs. 1,000,000.00 = Rs. 10,000.00EMI will be calculated as under:P x R x (1+R)^N / [(1+R)^N-1]where,P = Principal amount of the loanR = 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 23,659.00So, 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 monthSince EMI consists of principal + InterestPrincipal = 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.988464.00Disclaimers: 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 Nepals geographical boundaries.So, we have attached the video link on Youtube, showing process on how our app works with user name and password what we have provided in App content Section.