Loan Repayments jazzcash

jazz

JazzCash provides a convenient and simple solution to help the customers of various Microfinance Banks and institutions to pay their loan installment on a regular basis. Customers of these organization i.e. their borrower base can pay monthly installment either through JazzCash mobile accounts or from our expanding nationwide network of JazzCash agents , that includes, retailers, Mobilink business centers, Mobilink franchise, and Mobilink Microfinance Bank Branches.

 

Product Features

  • Country wide agent network with more being added on a regular basis
  • Secure, transparent and reliable collection solution for the borrower base of the organizations
  • Cost effective and efficient loan repayment collection process
  • No need to travel long distance to make payment for the loan taken by the borrower
  • Payment can be made even after banking hours at close to door step locations
  • SMS based confirmation to the borrower
  • Daily reporting made to the organization for collection made to the microfinance banks/institutions to ensure borrower accounts are updated

Partner Microfinance Institutions/Banks:

  • Khushhali Bank
  • Development Action for Mobilization & Emancipation (DAMEN)
  • MOJAZ
  • Rural Community Development Society (RCDS)
  • Al Mehran Rural Development Organization (AMRDO)
  • Orangi Pilot Project (OPP)
  • WASIL
  • Narowal Rural Development Program (NRDP)
  • SAFCO Support Foundation
  • OPD

Soon more institutions will be added to the portfolio to enable borrowers to make payment with ease.

Through JazzCash Outlet:

Visit nearest JazzCash outlet with your consumer reference number `{`Borrowed ID assigned by the microfinance organization`}`

JazzCash representative will ask for Borrowed ID & mobile number to process loan payment

Upon entering Borrowed ID, outstanding dues will be displayed. For some organizations, amount can be paid less than or above the due amount

After paying the amount to the agent, confirmation SMS will be sent to both Agent & customer

Through Mobile Wallets:

Dial *786# from your Jazz number (with registered mobile wallet) & select “Payments” menu

Select “Loan Repayments” & organization to which payment is liable

Enter your Borrower ID to check due amount

Enter amount to be paid