Convert the flat daily/monthly/upfront fee quotes of MFS instant-loan and e-commerce Buy Now Pay Later (BNPL) schemes into an annualized effective APR for a true cost comparison.
Convert the flat fee quotes of 9 MFS nano-loan & BNPL providers into an annualized effective APR for a true cost comparison.
Annualized rate of the advertised flat fee over a 60-day tenor
A flat daily/monthly fee looks small, but annualizing it reveals the true cost — the core purpose of the BB PSD digital lending disclosure concept.
Fee structure, loan ceiling, and tenor range across 9 providers.
| Provider | Fee Structure & Rate | Loan Ceiling | Tenor Range | Late Penalty |
|---|---|---|---|---|
bKash Instant Loan MFS | Flat Daily: 0.10%/day | ৳500 - ৳20,000 | 30-90 days | 2.0%/mo |
Nagad Insta Loan MFS | Flat Monthly: 2.50%/mo | ৳500 - ৳20,000 | 30-180 days | 2.5%/mo |
Cellfin Emergency Loan MFSShariah-Compliant | Flat Daily: 0.08%/day | ৳1,000 - ৳15,000 | 15-90 days | 1.5%/mo |
Upay Quick Cash Bank/NBFI | Flat Monthly: 3.50%/mo | ৳1,000 - ৳10,000 | 30-90 days | 3.0%/mo |
TallyKhata Nano Credit Fintech | Flat Monthly: 4.00%/mo | ৳1,000 - ৳8,000 | 30-60 days | 3.5%/mo |
Daraz Cardless EMI E-commerce | Flat Monthly: 1.50%/mo | ৳3,000 - ৳100,000 | 90-365 days | 2.0%/mo |
Pathao Pay Later E-commerce | Single Upfront: 0.00% (one-time) | ৳500 - ৳15,000 | 15-45 days | 5.0%/mo |
Chaldal Buy Now Pay Later E-commerce | Single Upfront: 1.00% (one-time) | ৳500 - ৳10,000 | 15-30 days | 4.0%/mo |
Shohoj Kisti (Fintech BNPL) Fintech | Flat Monthly: 2.00%/mo | ৳2,000 - ৳50,000 | 60-180 days | 2.5%/mo |
Authoritative briefings on the BB PSD digital lending concept and CRPA 2009 Section 44
How MFS instant-loan bank/NBFI partnerships (bKash, Nagad, Cellfin-style) work, how eligibility is scored, and what a flat daily/monthly fee actually means for the borrower.
The difference between a merchant BNPL scheme's advertised '0% interest' and a genuinely fee-free offer, and how a hidden one-time service fee still creates a real cost.
The math behind converting daily, monthly, and single-upfront fee structures into a comparable annualized effective APR.
Bangladesh Bank Payment Systems Department's (PSD) digital lending concept framework and the requirement to disclose the effective/annualized interest rate.
What defaulting on an MFS nano-loan or BNPL installment can mean for a customer's alternative credit score, future loan limit, and CIB reporting.
A structural comparison of the BNPL schemes common on e-commerce and logistics platforms — zero-fee, single-service-fee, and cardless EMI — and guidance on when each fits.
Guidance based on the BB PSD digital lending concept and CRPA 2009 Section 44