How to Borrow Money from JAIZ Bank Loan (Fast)
In Nigeria, Jaiz Bank Plc is a bank that operates under Islamic banking principles and is also a non-interest lending bank. That is, if you are looking for a bank with low interest or does not charge interest at all, this is for you. In this post, you will get to know how to open a Jaiz bank account, the Jaiz bank transfer code and how to borrow money from Jaiz Bank.
Jaiz Bank is mostly popular in the north, and you will not find it anywhere around the eastern or southern part of Nigeria. It is strictly an Islamic bank and made for Muslims.
However, if you are a Muslim and want to open a Jaiz Bank account, here is what you need;
Requirements to Open a Jaiz Bank Account and Branches
- BVN.
- Valid Means Of Identification.
- Utility Bill Proof.
- Above 18 years of age.
With all these requirements provided, you can open a Jaiz Bank account. Jaiz Bank is available in 12 northern states in Nigeria, which include: Abuja, Adamawa, Gombe, Kano, Bauchi, Kaduna, Kastina, Kebbi, Kogi, Kwara, Lagos, Oyo, Plateau, Rivers, and Zamfara. These are states where you can find their branches.
However, they are not left out in the digital age, and they can be reached via online banking, mobile app and USSD code.
Jaiz Bank’s official website is jaizbankplc.com
Jaiz Bank USSD Code
Like other banks in Nigeria, Jaiz Bank has its own quick banking USSD code for transfers and loans. In this section, we list out how to use the Jaiz Bank USSD code and the Loan code.
Jaiz Bank USSD code is *773#
How To Activate Jaiz Bank USSD Code
- Press *773# or *389*301# on the registered phone number linked with your Jaiz Bank account.
- Follow the prompt instructions to activate USSD banking. You will be requested to add your Jaiz Bank account number, date of birth, and choose a 4-digit PIN for mobile banking and transactions.
- Upon registration, you will get a confirmation message from Jaiz Bank.
- To start using the Jaiz Bank USSD code, dial *389301# and input a 4-digit PIN to access the USSD menu.
- Choose any USSD banking service you want to perform.
List of Jaiz Bank USSD code (Shortcut) & Function
| USSD Code Function | USSD Codes |
|---|---|
| JAIZ Bank USSD Code To Check Balance | *773# > Choose the option to check the balance |
| JAIZ Bank USSD Code To Transfer to Jaiz Bank/others | *773# > Choose the option to transfer the fund |
| JAIZ Bank USSD Code To Do Airtime Top-Up for Self | *773*Amount# |
| JAIZ Bank USSD Code To Do Airtime Top-Up for Others | *773# > Choose the option to buy airtime |
| JAIZ Bank USSD Code To Do Account Opening | *773# |
| JAIZ Bank USSD Code To Pay Bills | *773# > Choose the option to pay the bill |
| JAIZ Bank USSD Code To Retrieve BVN | *565*0# |
How To Activate the JAIZ Bank App
The Jaiz Bank app is available on the Google Play Store and iOS, with over 100K plus downloads. There are a lot of things you can do on the app.
You can increase your transfer limit, borrow a loan, generate a statement of account and contact Jaiz Bank.
To activate the Jaiz Bank app, you need a Jaiz Bank debit atm card, either a Verve or Master card
- Download the Jaiz Bank Mobile app.
- Open and Sign Up using your ATM card.
- Fill in all the necessary information required.
- Set mobile pin.
- Set password.
- Set username.
- Log in to the Jaiz Bank App and Enjoy.
How To Increase Jaiz Bank Transfer Limit
Now that you have the app, you can now you can manage your account from the app, and you can also increase your transfer limit either by visiting the Jaiz bank branch near you for assistance or by doing it yourself with the app by following the instructions given to you to follow.
How To Transfer Money From Jaiz Bank To Another Bank
You can transfer money from the Jaiz Bank to another bank using the following channels.
- Jaiz Bank Mobile App.
- POS channel.
- ATM channel.
- USSD Code for Transfer *773#.
Requirements to Borrow a Loan From Jaiz Bank in Nigeria
- A Valid Means of Identification.
- Bank Statement (12 months).
- Proof of Address.
- Company’s Profile (Where Applicable).
- Business Plan.
- Cash Flow Budget.
- Certificate of Incorporation.
- Active Bank Account with Jaiz Bank.
Jaiz Bank does not give loans but provides funding for improving lives and partnerships, but there are different types of funding they provide, which we will be looking into.
Type of Jaiz Bank Funding
Working Capital Financing (Murabaha).
Household Appliance Finance (Murabaha).
Lease to own (Ijarawalqtina).
Project Financing/Constructing.
In order to get to know more about this funding, visit any of the Jaiz Banks near you to see how to apply and wish is best for you.
Jaiz Bank Customer Care Number
- Headquarters Address: 73, Ralph Shodeinde Street, Kano House, Central Business Area, Abuja
- Telephone number: +2347080635500. +2347080635555.
- Official Website: jaizbankplc.com
- Email Address: customercare@jaizbankplc.com
Final Thought
If you are a non-Islamic person, and you want this funding, you can reach out to one you know and do a partnership. Though this is not stated on their website.
Hope this guide helps you better understand how a Jaiz Bank loan works and how to open a Jaiz Bank account.
