Regulatory Alerts2026-05-11
BRPD-1 Circular No. 11: Commercial Launching of E-Loan
Bangladesh Bank mandates that scheduled banks may commercially launch digital "e-loan" services to advance financial inclusion and digital banking adoption. The directive sets a maximum loan limit of BDT 50,000 with a 12-month tenure, requires fully automated end-to-end processing with biometric verification, and caps interest rates at 9% for refinanced loans. Institutions must successfully complete a six-month pilot phase, obtain board approval, store all customer data within Bangladesh under strict cybersecurity regulations, and submit quarterly disbursement and performance reports to the central bank.
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