People will soon be able to borrow digitally from banks to pay utility bills and top up their mobile phones. The interest-free loans, ranging from Tk 50 to Tk 5,000, will have to be repaid within 30 days.

Borrowers to repay within 30 days; banks may charge service fee

Banks have been instructed to include the term “e-loan” in the service name and ensure that all stages of lending are conducted digitally