What is the way to get loan from Bkash

Ever since the announcement of the launch of Bkash and City Bank loan services, many people have expressed interest in knowing how to get a loan from Bkash. Recently, Bkash and City Bank have joined forces to launch loan services. It is said that this is the first digital loan distribution service in Bangladesh.

Currently the development is running the service experimentally. It is said by Bkash that when this service is fully available, a maximum digital loan of 10,000 taka will be available under it. Today we will know how to get loan from Bkash.

The best part about Bkash Loan 2022 is that you can get this loan without any collateral in your account. Which will be paid through City Bank. What is the way to get loan from Bkash? Let's know some important information about Bkash and City Bank Bkash Loan 2022 disbursement.

What is the way to get loan from Bkash?

With the help of Bkash app you can take loan from Bkash without any hassle. At present, the development loan service program is being conducted on an experimental basis. That means, not all but a select number of customers can avail the loan service from BKash.

Customers will see the loan icon in their Bkash app as a way to avail Bkash loan. In order to take a loan, the customer has to give permission to give the information given to Bkash in his e-KYC form to City Bank. Then enter the loan amount and Bkash account pin code and get the loan amount in your account instantly.

Although this service is not available for everyone now. However, if this project of Bkash and City Bank is successful, the service will be opened for more Bkash customers.

What are the terms of Bkash Digital Loan?

You can borrow Tk 10,000 without any collateral in this Bkash digital loan service of Bkash and City Bank. That means you don't have to give any collateral and don't have to follow any additional rules to withdraw money.

If you are a selected customer in the experimental project, you can easily take a loan of 10 thousand rupees anytime through Bkash Digital Loan Service. It is envisaged that the Bkash Digital Loan amount may be increased later based on transactions and loan repayments.

How much interest should be paid on development loan?

Apparently, you don't need to provide any security to take Bkash Digital Loan. But since City Bank is managed under Bangladesh Bank, interest has to be paid to take the loan from Bangladesh Bank. And this interest amount is only 9 percent. And by following this rule you can get Bkash Digital Loan at 9 percent rate. That means you have to pay interest at the rate of 900 taka for every 10,000 taka.

Development Loan Repayment Rules

The loan will be automatically disbursed from the customer's development account in three equal installments over the next three months on the due date. But before the loan is disbursed, you will receive a notification on your phone through messages and apps.

But here it most be remembered that whether you are repaying the loan on time will also be monitored. Your development loan repayment transparency will be considered in subsequent loan disbursements. That is, if you take a loan and pay off the loan late, then you may not get the loan later. So you must be keen to repay the loan on time.