Dhaka Bank has launched the End to End Digital Loan app ‘Dhaka Bank eRin'.
Emranul Huq, CEO of Dhaka Bank and Syed Ali Jowher Rizvi- chairman of CASHe Alliance Limited (Technology Partner) have officially launched the product in a ceremony at the head office of Dhaka Bank.
With the eRin app, a customer can apply for an unsecured personal loan of up to Tk50,000 and the loan will be disbursed in his/her account within two hours of applying on a banking day, reads a press release.
The customer can apply for the loan 24x7 anywhere from Bangladesh without submitting any physical documents to the bank.
This is the first of its kind in the country which will provide access to finance/loans for underprivileged banking customers who have minimum access to formal finance/loans.
Mohammad Abu Jafar, additional managing director, Deputy Managing Director of Dhaka Bank; Deepak Hazarilal Saluja, vice chairman, Lutfe Mawla Ayub, director of CASHe Alliance Limited and other officials of both organizations were present on the occasion.
