BRAC Bank has launched the country’s first ever end-to-end Digital Loan App named (Shubidha).
The app will enable customers to apply for Digital Retail Loans from anywhere in Bangladesh and get loan approval instantly. Moreover, they can purchase products and services from the bank’s partner outlets using the app and the loan will be disbursed digitally into the partners’ accounts in a few moments. The bank’s vision is to make the app a one-stop platform for loan-related solutions for valued customers.
‘Shubidha’ App has two variants- one to be used by the customers and another by business partners of BRAC Bank. The customers will experience a complete digital borrowing journey quickly, securely and conveniently using the customer app.
They can avail of the loan from their convenient location and do not need to visit any branch or contact any bank representative to avail of the loan facility. If applied during working hours, customers can know about loan sanction decisions within a few minutes of application.
Commenting on the pioneering digital lending app, Md. Mahiul Islam, Head of Retail Banking, BRAC Bank, commented: “This product is an example of innovation in banking service which will also goes with the government’s vision of Digital Bangladesh. ”
