বাংলাBangladesh Bank has introduced an initiative to provide eligible customers with short-term loans of up to Tk 10,000 for emergency expenses. Under the ‘e-Payment Credit’ facility, customers can borrow between Tk 50 and Tk 10,000. The digital loan will not be provided as cash.
Instead, the loan must be used to pay bills or service costs directly through approved digital payment channels. The digital loan facility is also intended to help people manage temporary cash shortages and become more accustomed to digital transactions.
The loan can be used for electricity and gas bills, mobile recharge, education and medical expenses, travel costs, taxes and government service fees. Loan or deposit installments and insurance premiums can also be paid using the facility.
The digital loan cannot be withdrawn as cash or deposited into a bank account or MFS wallet. Payments must be made directly to the relevant biller or service provider through approved digital channels.
Customers will have 7, 15 or 30 days to repay the loan. No interest will be charged, although banks may impose a service fee. For loans between Tk 50 and Tk 250, the maximum fees are Tk 3 for 7 days, Tk 4 for 15 days and Tk 6 for 30 days.
For loans between Tk 7,001 and Tk 10,000, the maximum service fees are Tk 35 for 7 days, Tk 70 for 15 days and Tk 130 for 30 days. Timely repayment will not incur additional interest, while early repayment will not attract an extra fee.
A penalty may be imposed for overdue payments, but it cannot exceed the applicable daily service fee. The digital loan scheme could provide eligible customers with a convenient option for managing urgent expenses.
Read more: Education News
Read & Join us: YouTube Community
বাংলা
