Nagad Digital Bank will provide loans in ICT sector without collateral
The country's first full-fledged digital bank, Nagad Digital Bank PLC, is going to launch loan facility without collateral in July. And in terms of lending, there is a special allocation only for the ICT sector. The amount of this allocated money will range from Tk 50 to 100 crores. Niaz Morshed Elite, executive director of Nagad, has given such good news for those concerned.
This candidate, who participated in the upcoming BCS executive committee vote from the ‘Smart Panel’, said that Nagad, which has become a billion-dollar company in just three years by changing the digital transaction landscape of Bangladesh, will continue to grow with everyone in the future. For this reason, the management of loan concessions has been added to Nagad Digital Bank using artificial intelligence of the latest technology.
He highlighted these future plans for Nagad and digital transactions to empower the weak in the country's economy at the BACCO Meetup 2024 held in Gulshan on Saturday in the night. Meanwhile, he urged those who have not yet opened Nagad accounts to open one, saying that your transaction account is enough to get transactions from Nagad Digital Bank. In Digital Bank, the loan service will be done completely online using digital technology. Such customer services will be provided using artificial intelligence, which is not possible with only online banking. Online banking is a tool of traditional banks. And digital bank is a modern system.
Junior Chamber International (JCI) Bangladesh multiple term president Elite said that 9 crore customers of the country have now made 18 crore transactions using Nagad wallets. One and a half thousand crore taka have been saved in this transaction. Their transaction costs have decreased by 60 percent with 40 percent customer growth. This time there is a surprise for young entrepreneurs in Nagad Digital Bank.
He said, 'When I first went to take a loan for my own business, the bank did not give me a loan. Because there was no collateral. Having never taken the help of a family member, I know the hurdles a young entrepreneur can face without a bank loan. Then when I started working with Digital Bank at Nagad, our first goal was how to secure credit facilities for entrepreneurs without collateral. Now we have reached a point. Where a young entrepreneur in the ICT sector can give Nagad Digital Bank loans without collateral based on all transactions including his Nagad wallet transactions, his regular payments. Hopefully, when the digital bank is launched in July, this great opportunity will be created for young entrepreneurs in the ICT sector.'
