Our Loan Process
Below you will find a step by step guide which outlines our loan process
If you have any questions please don't hesitate to reach out to us
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Check Eligibility
Begin by reviewing OCJIFL’s qualifications for borrowers to ensure you meet the necessary criteria. Additionally, make sure you have a guarantor who meets OCJIFL’s requirements. Your guarantor is an essential part of the process, as they provide the security needed to approve the loan.
Submit Applications
Once you’ve confirmed your eligibility and determined the loan amount you need, proceed to fill out the Borrower Application Form. Ensure that all sections are completed accurately. You’ll also need to inform your selected guarantor so they can complete and submit their Guarantor Application Form. Both applications are required for OCJIFL to begin processing your request.
Application Review
After submission, our team will carefully review your application to verify that all required information is included, complete, and correct. This step is crucial to ensure that there are no delays or missing information. If anything is incomplete, we will reach out to you for clarification.
Loan Terms Interview
Once your application is approved, our team will contact you to schedule an appointment to discuss the proposed terms of the loan. During this meeting, we’ll review key details, such as the loan amount, repayment period, number of installments, and any additional conditions relevant to your loan agreement. We will also guide you through setting up the ACH repayment method as part of finalizing the agreement. This discussion ensures that all terms are clear and satisfactory before proceeding.
Guarantor Confirmation
Once you agree to the loan terms, we will contact your guarantor by phone during the interview for final confirmation. The guarantor will need to officially verify that they are willing to guarantee the loan under the agreed terms. If the guarantor is unable or unwilling to provide this confirmation, the loan process will be paused until you can secure a reliable guarantor.
Loan Disbursement
With all necessary documents and approvals in place, OCJIFL will finalize the loan process. The loan funds will then be disbursed to the agreed location, marking the completion of the application process. You will receive confirmation of the disbursement along with a summary of the loan terms for your reference.