We offer eight types of loans: Business loan, Consumption loan, Grant loan, Hire Purchase Loan, Mentoring Loan, Unspecified loan, and Underwriter's Loan. For detail information about our loans, you should login to your account and click on Product Features

Underwriters are selected through application via dashboard. Meanwhile, Underwriters may be vetted by the third parties that we cooperate with.

Not yet. Contact us to find out if Underwriters exist in your location/country. You can apply to be an Underwriter if one does not exist in your location. Contact us to find out what you need to apply.

Arguably, JecFinance loan is for everyone across the globe. It means that no matter your location in the world, you can get easy loan from us. Whether you have access to online apps or not, you can access our loans from anywhere in the world. It means that whether you live in Africa, Asia, Europe, and North America you can apply for our loan and receive the money in your account. If you live in Scandinavia, which means Denmark, Finland, Norway, and Sweden, you can click here to access QUICK LOANS. For others, create a free account and complete loan application. Someone will get in touch you and the process will commence. Thus, we are waiting for you to indicate interest. Just position yourself to seek loan from us by creating a free account.

Underwriters perform different roles. Click CAREER WITH US and scroll down to read more about the Underwriters role.

Our customers are happy with us. If in doubt, login to your account. Then, key any letter from A-Z in the search bar, and click enter. You should see someone's name and phone number. Ask the person his or her experience borrowing from JECEDIT GLOBAL (It is recently that we incorporated JecFinance to specifically deal with financial services). Thus, use the search bar from your dashboard to locate someone to inquire about us.

It depends on the type of loan. Please click Product Features to read more.

A loan user is considered a defaulter when the person fails to complete repayment on the determined date. Effectively, loan defaulters are debited 10% of any amount outstanding failure to pay within 7 days from the date of expiration of the loan duration.

Defaulters will not get any loan from JecFinance in future.
2. Defaulters will be reported to relevant authorities in their country of residence.
3. Defaulters may be persecuted, and all legal fees will be required from them.

If you are an underwriter, you can do that. It depends on the type of loan. You can apply for loans for 20 or more people. Please send email to intloanmonitoringoffice@jecfinance.com

JecFinance maintains local bank accounts in many countries, JecFinance directly remits approved loans into local bank accounts. Where a local bank account does not exist, we credit your PAYPAL account. Thus, JecFinance requires borrowers to maintain PayPal Account or create one during the process of their loan application. In case you received your loan via PAYPAL, we also receive repayment via PAYPAL.

Once your loan is approved, you will receive the money in your account immediately.

A loan user is considered a defaulter when the person fails to complete repayment on the determined date. Effectively, loan defaulters are debited 10% of any amount outstanding failure to pay within 7 days from the date of expiration of the loan duration.

First step: To apply for a loan, the first step is to register and create a user account. To create a user account, you should use your email that is active. Then, create a new password. After a while, login to your email to activate your account with a link sent from JecFinance. After that, Login to your Operational Dashboard in JecFinance.

Second step: Click "Profile" to update your personal data and attach a current passport photograph.

Third Step: Click "Loan Application" to start the application process. If you encounter challenges completing the online form, send email to: info@jecfinance.com

It depends on what type of loan you want. For example, if you need a grant loan, the interest rate is 10% between 1-3 months. See Loan Product Features on the User's dashboard.

It means that 10% interest rate apply every 3 months. If you borrow NGN500, 000.00 from us, you will be expected to pay 50,000.00 plus the principal amount NGN 500, 000.00. Total amount ₦550, 000.00.00. Monthly repayment is not expected.

If you intend to borrow the same amount for 12 months, the total amount will be ₦700, 000.00. Monthly payment is expected and to pay NGN 60, 000 monthly for the first 8 months and NGN 55,000.00 for the last 4 months.

Business Loan up to ₦1 M is offered considering three situations.
Situation 1
A First time JecFinance loan user may not borrow up to NGN 1 M. Users are expected to borrow NGN 500K three times before applying for a business loan up to NGN 1 M. However, if a User has a known guarantor to JecFinance with a strong financial standing, a first time User can borrow NGN 1 M.

Situation 1 assumes that the person intends to return the principal amount plus interest within 30 days or 1 month. In this situation, the person is expected to pay 10% interest rate on NGN 1 M. It means the interest rate will be NGN 100 K plus principal amount NGN 1 M. Grand Total: ₦1, 100, 000.00. Monthly repayment is not expected.

Situation 2
If the person intends to return the principal amount plus interest within 60 days or 2 months, the person is expected to pay 10% interest rate on NGN 1 M on the first month ( 30 days), and on the second month 5%. It means the interest rate will be NGN 150 K plus principal amount NGN 1 M. Grand Total: ₦1, 150, 000.00. Monthly repayment is not expected.

Situation 3
In situation 3, the interest rate is 10% the first month and maturity date 1-3 months. It means that if a User borrowed NGN 1 M in 1 January 2020, by 30 March 2020, the User is expected to pay interest of NGN 200 K. This means the first month is 10%, and the 2 and 3 months, 5% each month, which means NGN 200 K at the end of 3 months. In other words, the total payment expected at the end of 3 months is 200 k plus the principal amount 1 Million: Grand Total ₦1,200, 000.00. Monthly repayment is not expected.

Collateral accepted under business loan, consumption loan, hire purchase loan, mentoring loan, and unspecified loan, and to be an underwriter include House, land, and Car under 5-year models. To be deemed as collateral, assets must be equal or greater than 100% of the loan amount at the current fair market value. You must submit valid documents associated with the projects you intend to fund with the loan from us.

Although JecFinance does not run a traditional credit check, it is important for you to let us know your true credit situation. Even if you have a bad credit record, we may support you. Remember that we shall obtain personal data from you, and in order to decide on whether or not to offer you a loan, we do run credit analysis.

You may need urgent money at different times and in different situations. It may be that you are starting a company or plan to expand your business or even to execute a contract or attend to personal matters. Thus, you may need urgent money to pay for your expenses. Finding urgent money can be difficult, but it is not impossible. As an individual or entrepreneur, you must have a plan to finance an urgent business that might bring significant revenue. We do have urgent loans to assist people like you. Your loan application can be processed within 24-72 hrs. To be prepared for that day, register with us today and get access to contents necessary to process your next loan application.