Smart Finance

What is Smart Finance?

• Smart Finance is a scheme put in place by iT Centre in partnership with NBS Bank

(financing Partner) that allows clients to have the ability to enjoy and access various electronic

products starting from TVs, Fridges, Mobile Phones, Aircons, Washing Machines and other

products supplied by iT Centre while allowing the shopper to be paying monthly

installments for as much as 24 months.

Objective of The Scheme:

• To give opportunity to customers that cannot afford to buy objects on cash foundation but

are Employed and might afford to make month-to-month commitments for a specified interval while

they enjoy utilizing their desired product.

Target Audience:

• The scheme is principally designed for people who are getting a wage through a bank

account, and their employer can guarantee payments for them, month-to-month to NBS Bank.

• Those who've a good credit standing by the financial institution and may be approved for a loan

Main Steps of Smart Finance:

1. Customer visits iT Centre / Smart Zone and choose the product they are involved in

and are there after given a citation of the worth of the product they are excited about.

2. Customer takes the citation to NBS Branch to get the citation permitted.

3. NBS Bank is responsible for vetting and approving Customer’s utility.

4. Once NBS Bank approves the loan, they inform iT Centre that full fee has been

made.

5. iT Centre then releases the product to buyer after affirmation of receipt of funds.

6. NBS Bank deducts monthly from customer’s checking account for the agreed period.