Kumari Bank brings EMI based loan payment scheme in its Foneloan service; salary account holders can avail of quick loans up to Rs 2 lakh with EMI of 12 months

Kumari Bank has revamped its Foneloan scheme where the borrowers can now pay back the loan amount on EMI Basis.

Customers having their salary accounts at the bank can apply for the loan amount of Rs 1000  to Rs 2 lakh via their MoBanking service for which they can choose the EMI period of one month to twelve months depending on their earning, as per the media statement. 

The bank currently provides its services to its customers from its 196 branches, 177 ATM terminals, 14 extension counters, and 36 branchless banking units.