DBL launches end to end digital lending app ‘eRin’

Dhaka Bank Limited (DBL) has launched End to End Digital Loan App “Dhaka Bank eRin”.

DBL Managing Director and CEO Emranul Huq and CASHe Alliance Limited (Technology Partner) Chairman Syed Ali Jowher Rizvi have officially launched the product in a ceremony at the Head Office of Dhaka Bank, read a press release.

With eRin app, a customer can apply for an unsecured personal loan of up to Tk 50,000 and the loan will be disbursed in his/her account within 2 hours of applying on a banking day. The customer can apply for the loan 24X7 anywhere from Bangladesh without submitting any physical documents to the bank.

This is the first of its kind in the country which will provide access to finance/loan for the underprivileged banking customers who have minimum access to formal finance/loan.

DBL Additional Managing Director Mohammad Abu Jafar, deputy managing directors, Vice Chairman Deepak Hazarilal Saluja, , Director of CASHe Alliance Limited Lutfe Mawla Ayub, and other officials of both organisations were present on the occasion.