You are here to get the information for Bkash Loan in all over Bangladesh. BKash has teamed up with Citibank to launch the country’s first digital loan disbursement service under a new project. At the moment the Bkash loan service is being piloted. Under this, a maximum digital loan of Tk 10,000 will be available.
This unsecured loan from private bank Citibank can be availed instantly in bKash account. Let us know the answers to some essential questions about the Bkash and distribution of this digital loan of Citibank.
How much loan will you get from Bkash?
At present, loans up to a maximum of Tk 10,000 will be provided under this bKash digital loan scheme. However, it is expected that this number will be increased in the future.
What is the percentage interest to be paid on Bkash loan?
This bKash digital loan will be available at 9 per cent interest rate as per the rules given by Bangladesh Bank.
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What are the conditions for bKash digital loan?
The most convenient thing about this digital loan service of Citibank and bKash is that the suitable bKash customer can take this loan anytime anywhere from bKash app. Customers eligible for Bkash will be able to take this loan up to Tk 10,000 without any security. Currently, only selected bKash customers will get this loan on a trial basis, as the service has recently been launched as a pilot project.
How to get bKash Loan?
These digital loan service activities are currently being run under a pilot project. It means that only a certain number of selected customers will be able to take this loan using the bKash app. If this project is successful, the service will be open to more Bkash customers.
Customers selected in the pilot project to get a bKash loan will see the loan icon in their bKash app. To take a loan, the customer has to agree to give the information given to bKash in his e-KYC form to Citibank. Then with the loan amount and your PIN, you will immediately get the digital loan money in the bKash account. The interest and other regulations applicable with this loan will be complied with as per the instructions of Bangladesh Bank.
What are the rules for repaying Bkash Loan?
In the next three months after taking the loan, the same amount will be automatically repaid in three instalments from the customer’s bKash account on the due date. Before the payment date, the customer will receive a notification via SMS and app. Whether the borrowers are repaying the loan on time will also be monitored. It will also be considered in the next loan disbursement.
Why are Citibank and bKash providing this loan?
Commenting on the project, Citibank Managing Director and CEO Masroor Arefin said, “We always try to be closer to the needs of the customers. Many in our country, especially small traders, suddenly need money. The journey of this digital loan is to keep in mind how to make it more accessible to them and so that they can use that money with ease. We hope that our pilot project will bring better service to our customers by improving the experience gained in this pilot project. ”
The bKash CEO Kamal Qadir said, “Commercial banks can launch creative new services using effective digital financial platforms and large customer base like bKash to play a more influential role in improving the quality of life and economic inclusion of people from all walks of life. Citibank’s digital loan scheme is an example of this. We believe that this unsecured loan in case of emergency will be a blessing for marginalized people, young people, marginal traders.”
