F1Soft Group review
Updated October 12, 2026 · BorrowCue Editorial Team
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Our verdict
For borrowers who want to avoid branch visits and paper forms, F1Soft Group provides digital lending through existing mobile banking apps in Nepal. It acts as a lending partner to participating banks and serves eligible account holders seeking phone based borrowing for urgent and planned needs.
Key facts
- Best for
- Eligible mobile banking users in Nepal seeking paperless borrowing
- Official website
- foneloan.com.np
Pros and cons
Pros
- Delivers borrowing inside existing mobile banking apps for phone based access
- Removes collateral, branch visits and paper forms from the borrowing journey
- Covers emergency needs and structured purchase finance through partner banks
Cons
- Limits access to customers whose banks take part in the programme
- Operates only through smartphones inside participating mobile banking applications
Who it suits
- Bank customers in Nepal using mobile banking apps
- Borrowers covering medical, travel, education or shopping needs
Who should look elsewhere
- People without an account at a participating bank
- Residents living outside Nepal
How F1Soft Group compares
Frequently asked questions
Where can customers use the borrowing service?+
Customers in Nepal can use the service inside the mobile banking application of a participating bank. The bank presents the option to eligible account holders and pays approved funds directly into the existing account at that institution. Access therefore depends on holding an account where the lending feature has been enabled.
What does the service cover?+
The range covers quick borrowing for cash emergencies alongside structured finance for purchases. Eligible uses mentioned include medical expenses, travel, education and general shopping through the bank app. All options remain inside the partner banking channel from application to funding.
How does borrowing work through the phone channel?+
Eligible customers apply from a smartphone without visiting a branch or submitting paper forms. The bank checks eligibility automatically and releases approved funds into the customer account. The process supports borrowing on the go for urgent or planned needs.
Who can apply for this type of borrowing?+
Applications are open to banking customers whom the automated system identifies as eligible under bank criteria. Applicants need an account at a participating institution and access to its phone app. Each bank sets its own eligibility rules for its customers.
Not confirmed yet: APR, Loan amount, Term, Arrangement fee, Credit check, Funding time, Representative example.