Smedan Jaiz Loan

Smedan Jaiz loan is a non interest loan facility targeting un-served or under-served Micro,Small and Medium Enterprises (MSMEs) in Nigeria.

The loan facility is known as Smedan Jaiz loan because it is being delivered in partnership of two entities - SMEDAN and Jaiz Bank.

Smedan Jaiz loan disbursement is already ongoing in Kogi, Katsina,Adamawa and Bauchi States.

But what are the requirements for the Smedan Jaiz matching fund programme? Check below.

Jaiz Bank Logo

Here are some of the application requirements for the customers to get Smedan Jaiz funding;

Customer must have the business account in Jaiz Bank and must be over 3 months in operation
Applicants who don't have an account with Jaiz Bank must open a business bank account with the bank.
Must have an existing business which is more than 1 year old.
Business must be generating good cash flow and turn over.
Business registered with CAC is an added advantage.
Items financed must strongly relate to the core business of the applicant
Business must be located at a registered premises and have stayed to there for over 6 months
Business must have a good customer base.
Membership of relevant associations is an added advantage
Business must have a good credit history with other creditors.

A business person who pass the above mentioned requirements can take the step to apply for the Smedan Jaiz loan.

You can visit any Jaiz Bank or call the contact below to apply for the Smedan Jaiz loan.

Jaiz Bank will only require the customer to specify the loan amount applied for and the type of loan (either murabaha or ijarah).

Upon Smedan Jaiz loan application approval, the money will be deposited directly to the borrower's Jaiza Bank business account.

To get help in applying for the loans kindly use the following Jaiz Bank phone numbers and email addresses;

07007730000 customercare@jaizbankplc.com