BRAC Bank Shubidha vs Brac Ekota

BRAC Bank Shubidha is a mobile-based app through which selective customers can avail of retail loan products digitally. The app performs end-to-end digital loan processing, including loan application, assessment, and disbursement. You can now enjoy a digital borrowing experience in a fast, secure, and convenient way using the BRAC Bank Shubidha app. After installing the app, you can: 1. Know about the digital loan products of BRAC Bank: · See product features and benefits; · View a list of merchants from where you can purchase your desired product(s) with a digital loan. 2. Check your eligibility & apply for a digital loan: · Check the loan offer in-store for you; · Capture your selfie; · Accept terms & conditions of the digital loan; · Submit loan application by 8 pm of the working day. 3. Get your loan decision: · Wait for a few minutes for a decision on your applied loan; · Get Loan Reference Number if the loan is approved. 4. Pay loan processing fee: · Visit the merchant outlet & select your desired product; · Inform the merchant to assist you to buy the product with a digital loan; · Pay a loan processing fee from your BRAC Bank account through the app. 5. Get product delivery: · Inform merchant about the product delivery code sent in your app; · Get delivery of your product. 6. View anytime: · Status of your ongoing application and loans; · Your short profile. 7. Pre-login features: · Registration for New User; · Password creation. Loan features: · Interest rate of 9% per annum; · Tenure of 3 to 18 months; · Sample Loan Repayment Schedule: If you have availed loan of BDT 100,000 @ 9% interest per annum and tenure of 12 months, your Equal Monthly Instalment (EMI) will be approximately BDT 8,745. Therefore, the total cost of the loan (principal + interest) will be BDT 104,942. In addition to interest, you have to pay loan processing fee before availing the loan as follows: Processing fee: 0.5% of loan amount + 15% VAT CIB & Stamp Charge: At actual. All you need: • An active account and a debit card with BRAC Bank; • A smartphone with an iOS operating system; • Internet connectivity through mobile internet or Wi-Fi. We welcome your feedback and suggestions; please call us at 16221.

BRAC Ekota App focuses on widening access to affordable and efficient financial services of BRAC Microfinance, particularly for the underserved or unbanked population. Through the app, you can suggest any individual in your community who requires a loan to start or expand their business by providing their basic information and proposed loan amount. This is a free app where you need to register with your name and mobile number. Once you log in, use your PIN to access the app. The use of multiple accounts is not allowed and is strictly forbidden. HOW TO PROPOSE A LOAN FOR ANY INDIVIDUAL You are required to register in the app with your personal information and location. Afterwards, provide information about the individual who is interested in taking a loan from BRAC. BRAC Microfinance staff will verify your information and check the feasibility of the loan request KEEP TRACK OF YOUR PROGRESS You can fully track all the activities in the app and see the progress of the suggested loan. PRODUCTS FOR YOU Get to know about all the products offered by BRAC Microfinance for Progoti clients at your fingertips at the bottom of your home page. SWITCH TO AGAMI APP If you are a BRAC Agami user or a BRAC Progoti client, you have an option at the top to switch directly to the Agami app. CONTACT US You can find the BRAC staff contact number and the call centre number on your profile page of the app. For any kind of assistance regarding the app usage, you can contact the support unit as well. EASE OF USE Once you log in, you will find the app in Bangla but you can switch to English by using the button on the top middle.