How To Get Bkash Loan 5000 BDT To 20000 BDT
Bkash loan is an amazing featured announcement by Bkash LTD. You get to take this loan advantage. BKash has teamed up with Citibank to launch the country’s first digital loan disbursement service under a new feature. After a year of experimentation, the service officially started on 15th December 2021. In the beginning, a maximum of 10 thousand rupees digital loan could be obtained under this. Now the maximum amount of the bKash loan will be 20 thousand rupees.
City Bank offers this unsecured loan for Bkash users. Moreover, Bkash users will receive the loan balance in their accounts. Let us know, the answers to some important questions about the development and distribution of this digital loan from Citybank.
How much money can get Bkash Users?
At present, loans ranging from a minimum of Tk 500 to a maximum of Tk 20,000 will be provided under this bKash digital loan facility. However, this figure may increase further in the future. Bkash Code Balance Check.
What is the percentage of interest to be paid on a development loan?
This bKash digital loan will be available at a 9 percent interest rate in accordance with the rules given by Bangladesh Bank.
What are the conditions for taking a bKash digital loan?
One of the good news is that this online loan service is for bkash customer facilities. Also, users can avail of this loan anytime anywhere from the bKash app. Customers eligible for development will be able to take this loan up to Tk 20,000 without any security. However, only selected bKash customers will get this loan. Not everyone can get a loan right now.
How do I get a digital bKash loan?
This digital loan service is currently being officially launched. That means all bKash users will see loan options in their bKash app. But not everyone gets a loan. The development and city bank authorities will determine the amount of the loan after verification.
Customers will see the loan or loan icon in their development app. In order 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 get the digital loan money in the bKash account immediately. The interest and other provisions applicable to this loan will be complied with as per the instructions of Bangladesh Bank.
Who will get a Bkash loan?
As mentioned earlier, only selected bKash customers can avail of this loan from Rs.500 to Rs.20,000. Whether you get a development loan will depend on your credit assessment. Your data will be developed and analyzed by Citibank through modern technology. If they think you are eligible to get this loan, you can take a loan from this loan option in your bKash app.
Alibaba Group’s affiliate “Ant Financial” will provide credit assessment to bKash customers in this project. It will use artificial intelligence technology, said bKash.
What are the development loan repayment rules?
In the next three months after taking the loan, the same amount will be automatically repaid in three installments from the customer’s bKash account on the due date. Before the payment date, the customer will receive a notification regarding this via SMS and app.
If the borrowers are repaying the loan timely or defaulters that will be monitored properly. This will also be considered in the next time loan disbursement. If the borrowers pay timely then they will get a big loan for the second time.
If the customer wants, he can repay this loan from Bikash and Citibank before the due date, which can reduce the interest cost. If the customer does not have the required balance in the development account on the due date of installment payment or if the customer does not repay the loan before the due date, the delay fee will be applicable. This delay charge is 2% (annually) on the loan amount. Learn a little bit more about the Bkash loan.
Why are Citibank and bKash providing this loan?
They also said Citibank’s Managing Director and CEO Masroor Arefin said, “We always try to be closer to the needs of the customers. A number of people in our country especially small traders, suddenly need cash to increase their business. The journey of this digital loan is keeping in mind how to make it more accessible to them so that they can use the money with ease. We hope that our pilot project will be able to bring better service to our customers by improving the experience gained in this pilot project. ”
Moreover, they also said that bKash CEO Kamal Qadir said, “Commercial banks can launch creative new services using effective digital financial platforms and huge customer base like bKash to play a stronger role in improving the quality of life and financial inclusion of people from all walks of life including marginalized. 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, and marginal traders. ”