Midland Bank rolls out end-to-end digital small loan facility
Midland Bank PLC (MDB) has launched the "MDB Digital Nano Loan" for its existing customers, positioning the product as part of the bank's digital lending expansion.
According to the bank, the initiative aligns with Bangladesh Bank's BRPD Circular No 11, dated 2 June 2022, which promotes end-to-end digital lending to advance financial inclusion, improve access to small loans, and diversify banks' credit portfolios.
Md Ahsan-uz Zaman, managing director and chief executive officer of MDB, launched the product at a ceremony on 18 February 2026 at the bank's head office. Also present were Md Zahid Hossain, deputy managing director and chief risk officer; Md Nazmul Huda Sarkar, deputy managing director and chief technology officer; and members of the senior management team.
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Omar Sharif, head of digital financial services, and other officials also attended.
The bank stated that the product is a fully digital, app-based credit facility that enables eligible customers to apply, receive approval, and obtain disbursement through digital channels. Loan amounts range from Tk1,000 to Tk50,000, with tenures of up to six months.
Customers maintaining a minimum monthly balance of Tk15,000 in their Midland Bank account will be eligible to apply, according to the bank. Approved funds will be disbursed directly into the customer's account in accordance with Bangladesh Bank and internal guidelines, it added.
To avail themselves of the facility, customers must download and register on the "midland online" app, upload the required documents, and complete the application process via smartphone, the bank said.
