Wednesday, 10th August, 2022

People to get loans using mobile apps

Friday, 03 June 2022 | 4:22 am | 63 times

People to get loans using mobile apps

People will now get loans entirely digitally by using internet banking, mobile apps, mobile financial services (MFS) or e-wallet services.

Bangladesh Bank has already introduced a Tk 100 crore refinance scheme for digital nano loan disbursements in a bid to expand the financial inclusion of marginalised people.

The central bank issued a circular in this regard on Thursday.

Participating banks will be able to disburse loans of Tk 500 to Tk 50,000 to individual customers with up to 9 per cent interest under the scheme.

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