, June 18 -- bKash users can now avail collateral-free digital loans of up to Tk 50,000 directly from City Bank through the bKash app.

Eligible customers can avail this instant loan anytime for any financial need, said a press release issued on Wednesday.

The digital loan service, launched in 2021 as a joint initiative of bKash and the City Bank, has already accumulated trust and confidence of the customers.

Previously capped at Tk 30,000, the loan limit has been increased recently to Tk 50,000 in response to growing customer demand, enhanced trust and convenience in compliance with regulatory directives of the Bangladesh Bank.

Since its commercial launch, around 1.0 million bKash customers have secured digital loans over 5.5 million ...