Midland Bank rolls out digital loan service ‘MDB e-Loan’

Midland Bank PLC (MDB) has launched “MDB e-Loan”, a fully digital loan facility designed to provide customers with quick, convenient, and hassle-free access to financing through the Midland Online App.

MDB e-Loan has been introduced in line with the latest guidelines of Bangladesh Bank for the commercial launch of e-Loan services.

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The facility enables eligible customers to avail loans of up to Tk 50,000 with a repayment tenure of up to 12 months through a fully digital process.

Imtiaz U Ahmed, managing director and CEO of the bank, inaugurated the loan service at a programme held recently at the bank’s head office in Gulshan-2, Dhaka, according to a press release.

Speaking on the occasion, 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.

MDB e-Loan is expected to further strengthen the bank’s digital banking ecosystem by offering customers a secure, simple, and efficient borrowing experience, the release added.

Md Zahid Hossain, deputy managing director and chief risk officer of the bank, and Md Nazmul Huda Sarkar, deputy managing director and chief technology officer, along with members of the senior management team and divisional heads, were also present.