Customers of Nagad can now seamlessly settle EMIs, loan processing fees, deposits, late payment fees, and excise duties for IDLC Finance loans through the Nagad app.
To this end, Nagad Ltd and IDLC Finance PLC have recently signed an agreement at IDLC Finance’s headquarters in Gulshan, said a press release.
Md Shihab Uddin Chowdhury, deputy managing director (DMD) and chief commercial officer of Nagad, and M Jamal Uddin, managing director and CEO of IDLC Finance, signed the agreement on behalf of their respective organisations. Other top officials from both ends were also present on the occasion.
Nagad customers can conveniently deposit monthly through the app. Upon reaching maturity, the total amount, including profits, will be deposited directly into their Nagad accounts. This initiative encourages individuals to save more easily, providing a straightforward, secure, and beneficial savings process.
Monthly instalments can be deposited into IDLC Finance from Nagad accounts. Customers will check all necessary information, such as total deposited amount, maturity dates, and profits on Nagad app or USSD *167#.
IDLC Finance MD and CEO M Jamal Uddin said the collaboration between Nagad and IDLC will help our customers avail services easily on their mobile phones. Thus, many low-income people will go for micro-savings services, which will eventually contribute to the socio-economic development and financial well-being of the common people.