Midland Bank launches digital e-loan service
Midland Bank PLC has unveiled MDB e-Loan, a fully digital lending platform enabling customers to access instant financing via the Midland Online App.
The launch event took place at the bank's head office in Gulshan-2, Dhaka.
Managing Director and Chief Executive Officer Imtiaz U Ahmed, Deputy Managing Director and Chief Risk Officer Md Zahid Hossain, Deputy Managing Director and Chief Technology Officer Md Nazmul Huda Sarkar, along with senior management and divisional heads, attended the event.
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The bank stated that MDB e-Loan has been introduced in accordance with the latest Bangladesh Bank guidelines for the commercial rollout of e-loan services.
Through this facility, eligible customers may access loans up to Tk50,000, with a repayment period of up to 12 months, entirely via a digital process.
Managing Director and Chief Executive Officer Imtiaz U Ahmed said, "The launch of MDB e-Loan reflects our commitment to innovation, financial inclusion, and customer convenience."
He added that Midland Bank PLC would continue to introduce technology-driven financial solutions to meet customers' evolving needs.
According to Midland Bank PLC, MDB e-Loan is expected to strengthen the bank's digital banking ecosystem by providing customers nationwide with a secure, simple, and efficient borrowing experience.
