Jaiz Bank Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer care
In the dynamic landscape of Nigerian finance, Jaiz Bank stands out as a pioneer, operating under Islamic Banking Principles to provide innovative and ethical banking solutions. With a commitment to trust, professionalism, and excellence, Jaiz Bank has become a national and publicly quoted institution, owned by over 26,000 shareholders spread across the six geo-political zones in Nigeria.
Core Values:
Jaiz Bank aligns its operations with seven core values: Responsibility, Entrepreneurship, Simplicity, Excellence, Customer Focus, and Trust. These principles serve as the foundation for delivering exceptional customer experiences and cutting-edge financial solutions.
Loan Options:
Jaiz Bank offers a range of loan options tailored to both individuals and businesses, reflecting their dedication to meeting diverse financial needs. Here are some key loan offerings:
- Working Capital Financing (Murabaha): Geared towards businesses, this facility aids in funding the purchase of stock and inventory. The process involves presenting a proforma invoice to the bank, which makes a direct payment to the supplier. Repayment terms are based on mutual agreement.
- Household Appliance Finance (Murabaha): Designed for consumers, this loan facilitates the acquisition of essential household gadgets like refrigerators and laptops. Monthly repayments are deducted from the borrower’s salary over 24 months.
- Lease to Own (Ijarawalqtina): Ideal for those wishing to lease or rent assets, this option allows customers to make regular repayments on an asset purchased by the bank.
- Project Financing/Constructing: Businesses seeking project financing can collaborate with Jaiz Bank, which constructs and sells the project at a cost-plus profit margin. Repayment can be made in full or progressively.
Qualifying for a Jaiz Bank Business Loan:
To be eligible for a Jaiz Bank loan, businesses must meet certain criteria:
- Profitable and good credit history for unsecured loans.
- Collateral is emphasized for secured loans.
- Business registration with the Corporate Affairs Commission (CAC).
- Possession of a business or corporate bank account.
- Operational history of 1 to 3 years.
- Positive credit history and a clean bureau report.
- Active customer relationship with the bank.
Application Process:
To apply for a Jaiz Bank loan, visit any of their nationwide branches and consult with in-branch loan advisers. You will be required to fill an application form and submit supporting documents, including a valid means of identification, bank statements, proof of address, company profile (if applicable), business plan, cash flow budget, and certificate of incorporation.
Loan Disbursal and Repayment:
Jaiz Bank aims for a prompt disbursal of funds, with smaller unsecured loans processed without delay. Repayment terms are flexible, with short- and long-term options available to suit various needs.
Contacting Jaiz Bank:
For inquiries or assistance, you can reach Jaiz Bank through the following channels:
- Headquarters Address: 73, Ralph Shodeinde Street, Kano House, Central Business Area, Abuja.
- Telephone Numbers: +2347080635500, +2347080635555.
- Official Website: jaizbankplc.com.
- Email Address: customercare@jaizbankplc.com.
Conclusion:
Jaiz Bank’s commitment to providing diverse and accessible loan options has positioned it as a leader in ethical banking in Nigeria. Whether you are an individual or a business, exploring their official website or visiting a branch will help you discover the ideal loan solution tailored to your specific needs.