Midland Bank PLC has formally launched MDB e-Loan, a fully digital loan facility aimed at providing customers with quick, convenient and hassle-free access to financing through the Midland Online App.
The launching ceremony was held at the bank’s head office in Gulshan-2, Dhaka, reads a press release.
The event was attended by Managing Director and CEO Imtiaz U Ahmed, Deputy Managing Director and Chief Risk Officer (CRO) Md Zahid Hossain, Deputy Managing Director and Chief Technology Officer (CTO) Md Nazmul Huda Sarkar, members of the senior management team and divisional heads of the bank.
MDB e-Loan has been introduced in line with the latest Bangladesh Bank guidelines for the commercial launch of e-Loan services.
The facility enables eligible customers to avail loans of up to Tk50,000 with a repayment tenure of up to 12 months through a fully digital process.
Speaking at the event, Imtiaz said the launch of MDB e-Loan reflects the bank’s continued commitment to innovation, financial inclusion and customer convenience.
He added that Midland Bank will continue to introduce technology-driven financial solutions to meet the evolving needs of its customers.
The bank said MDB e-Loan is expected to further strengthen its digital banking ecosystem by offering customers across the country a secure, simple and efficient borrowing experience.
