BBL Shubidha 4.1.0

BRAC Bank (BBL) 'Shubidha' is a mobile application designed to provide a seamless digital experience for eligible customers seeking retail loan products. This app streamlines the entire loan process, from application submission to assessment and fund disbursement, ensuring a quick, secure, and user-friendly borrowing procedure.

Key features of the BBL Shubidha app include:

1. Detailed Information:
   • Explore the features and benefits of BRAC Bank's digital loan products.
   • Access a list of authorized merchants where you can utilize your digital loan for purchases.
2. Eligibility Check & Application Submission:
   • Verify your loan offers.
   • Complete necessary steps like taking a selfie and accepting the loan terms.
   • Submit your loan application by 8 pm on any working day.
3. Instant Loan Decision:
   • Receive a quick decision on your loan application.
   • Obtain a Loan Reference Number on approval.
4. Loan Processing:
   • Pay the processing fee using your BRAC Bank account through the app at the merchant outlet.
5. Product Delivery:
   • Instruct the merchant with the product delivery code provided in the app to receive your purchased item.
6. Status Tracking & Profile Viewing:
   • Check the progress of your applications and view your profile at any time.
7. Pre-Login Services:
   • New user registration and password setup options are available.

The loan features offered through the app consist of:

• Interest rate of 9% per annum
• Tenure options ranging from 3 to 18 months
• A sample Loan Repayment Schedule is provided for transparency.

If you opt for a BDT 100,000 loan with a 12-month tenure at 9% annual interest, your monthly installment will be approximately BDT 8,745. The total repayment amount (principal + interest) would sum up to BDT 104,942. Additional charges like processing fees (0.5% of the loan amount + VAT) and other applicable fees might be incurred during the process.

To access this digital lending platform, you must have:

• An active BRAC Bank account with a debit card
• An iOS-powered smartphone
• A stable internet connection

We value your input and recommendations. For inquiries or feedback, please contact us at 16221.