App Profile: BBL Shubidha

BRAC Bank (BBL) '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 BBL 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.