Midland Bank PLC. (MDB) has formally 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, a press release said.

The launching ceremony was held at the Bank’s Head Office in Gulshan-2, Dhaka. The event was attended by Imtiaz U. Ahmed, Managing Director & CEO; Md. Zahid Hossain, Deputy Managing Director & Chief Risk Officer (CRO); Md. Nazmul Huda Sarkar, Deputy Managing Director & Chief Technology Officer (CTO); Senior Management Team Members; and Divisional Heads of the Bank.

MDB e-Loan has been introduced in line with the latest guidelines of Bangladesh Bank for the commercial launching of e-Loan services. The facility enables eligible customers to avail loans of up to BDT 50,000 with a repayment tenure of up to 12 months through a fully digital process.

Speaking on the occasion, Imtiaz U. Ahmed, Managing Director & CEO, stated that 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 a secure, simple, and efficient borrowing experience for customers across the country.