One of the prominent private banks of Bangladesh, Dhaka Bank has launched the End to End Digital Loan app ‘Dhaka Bank eRin’. 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, reportedly said a press release.
Emranul Huq, CEO of Dhaka Bank, and Syed Ali Jowher Rizvi- chairman of CASHe Alliance Limited (Technology Partner) reportedly launched the product officially in a ceremony at the head office of Dhaka Bank.
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The customer can apply for the loan 24×7 anywhere from Bangladesh without submitting any physical documents to the bank.
This is the first of its kind service by Dhaka Bank in Bangladesh which intends to provide access to finance for underprivileged banking customers who have minimum access to formal financial products and services.
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