Digital loan amounting Tk 7b from City Bank disbursed thru bKash app


Business Desk :
bKash customers have taken over Taka 7.0 billion worth of ‘nano loan’ from City Bank using the bKash app since the ‘digital nano loan’ was commercially launched on bKash’s platform in 2021 after piloting it for one year under the supervision of Bangladesh Bank.

Such loan product was launched as part of a joint initiative of bKash and City Bank as part of enhancing the digital transaction ecosystem in the country.

Till now, over 245,000 bKash customers have availed this collateral-free ‘nano loan’ for 0.7 million times.

Many of these customers have taken this hassle-free, instant and affordable loan multiple times.

The main objective of launching this digital loan is to accelerate financial inclusion of the country’s underprivileged population, especially women and people living in rural areas by ensuring their access to credit.

As of 2023, 24 percent of these customers are women and 55 percent of the total borrowers live in rural areas, said a press release.


As per the central bank’s directives, bKash customers who have completed e-KYC through biometric system and using bKash app, are considered eligible for this loan from City Bank.

Based on the customer’s transaction in bKash account and City Bank’s credit risk management policy, the customer’s loan eligibility and loan amount are determined through an automatic credit assessment system.

The eligible customers can instantly get the ‘nano loan’ ranging from Taka 500 to Taka 20,000 from the City Bank with just few taps.

To avail this loan, customers don’t need to go to any office or sign any document; they don’t even need nominee or guarantor for the loan.

The validity of this loan is maximum of three months and with the help of technology, interest rate is determined on daily basis.