Dhaka, Jan. 28 -- Electronic Loan Application Proposal (eLAP) emerges as a high-yielding digital intervention that helps BRAC Bank expand its SME (small and medium enterprises) business faster in a sluggish business climate.

The digitised loan processing system is not only assisting the country's largest SME-concentrated commercial lender to save time but also cutting operatiing costs through efficiency of field-level loan officers to risk managers.

As a matter of fact, the capacity of successfully handling SME loan proposals has shot up significantly. On the other hand, entrepreneurs' wait to get loans approved has been shortened remarkably.

Syed Abdul Momen, head of SME at BRAC Bank PLC, has shared outcomes of eLAP in an exclusive in...