Citizens Bank Launches “QR Merchant Loan” for SMEs with Fully Digital Access

Citizens Bank International Limited (CZBIL) has introduced the “QR Merchant Loan”, a fully digital lending facility for small and medium-sized businesses affiliated with the bank’s QR merchant system. Eligible businesses, registered for at least 6 months, can apply online or via mobile and receive loans up to 25% of their average monthly QR transaction, ranging from NPR 50,000 to NPR 5,00,000, repayable in monthly installments.

The initiative aims to enhance financial accessibility and support business growth for SMEs. This launch complements Citizens Bank’s ongoing innovations, including virtual credit cards with Fonepay, freelancer-focused savings accounts, and mobile banking services for share applications, serving over 1.94 million customers across 200 branches and 169 ATMs in 61 districts.