About

You can get fast approval when you apply with EC Loans online

When you’re under financial pressure getting a loan should be as quick and easy as possible. We believe that everyone deserves and equal and fair chance to resolve their debts and bad credit. That’s why our online loan application process is straightforward and fast.

Bad credit? Prescribed debt? Need a bit of extra cash to make it through this month? Apply for an unsecured loan with EC Loans and get the financial help you deserve. We don’t care what you credit situation is; we are committed to finding a loan that will get you one step closer to financial freedom.Find out more about our Loans

How does the loan application process work?

At EC Loans we believe that it is the duty of the financial institution providing unsecured loan opportunities to ensure that the applicant can, realistically and legitimately, repay the loan they apply for. Our vision is to aid and educate as much as we can when it comes to alleviating bad credit. We aim to facilitate the journey towards regaining financial autonomy and freedom by providing loans, advice, and guidance on how to get rid of debt and maintain good habits when handling ones finances

Loan Periods as offered by Registered Credit Providers

Minimum period offered by registered credit provider(s): 12 Months
Maximum Period offered by registered credit provider(s): 84 Months
Loan Types: Secured Loans, Unsecured Loans,

Our referral consultant(s) and their respective financial Services and Credit providers whom vet our clients to provide a possible loan, subject to
the clients’ affordability and credit criteria as prescribed and governed by the NCA (National Credit Act, 2005, DO NOT provide pay day loan services.

Representative Example: Nett loan amount, R 50,000.00, term 36 months, APR (Annual Percentage Rate) 10.71%, fixed nominal rate at 8.84% p.a., one-time Service fee approximately 2.00% of net loan amount. This could apply provided the following: A sufficient credit score and positive affordability criteria at the sole discretion of the credit provider. Please note, this representative example could vary dependent on the service provider granting the credit transaction/agreement.

Cost of credit and Application Requirements

Our financial service(s)/credit provider(s) offer between R1000 and R100 000,00 loans and are the best method of attending to an unforeseen financial event. Repayments are also tailored to suit your budget and your personal needs, they are also dependent upon your affordability and credit criteria. To apply for a loan you must, be a South African citizen or a permanent resident and 18 years or older with a valid identity document, earn a minimum of R1500 per month, have proof of your current residential address and your own a bank account into which your salary is deposited. 

Cost of Credit: 
Insurance: 1.25% of monthly opening balance
22.50% Benefit
The Maximum APR is 28% per annum

87%
Loans Approved

Our Vision:

  • We aim to be the most preferred financial loan service provider, providing cash loans for the medium-income sector of the population in South Africa and align our business with the relevant financial loan industry governing bodies, in order to help influence the loan industry to the benefit of our clients; clear or blacklisted.
  • We strive to be a financial service provider that puts minds at ease, knowing that there is a light at the end of the tunnel, and that a loan is attainable.

Our Mission:

  • Every day we work to enable all of our medium-income South African communities to have full access to affordable loans. Rendering a professional and caring service, and addressing the financial loan needs of all our clients, is our top priority.
  • Our mission is to become the one dependable financial loan service provider in South Africa, for people that would struggle to get cash loans due to bad credit with other financial service providers.

Our Standards:

  • We deliver an exceptionally friendly and caring service to all our clients, and continuously develop our loan products range in order to anticipate and meet all of our clients’ needs.
  • We continuously grow and develop our staff, ensuring we have motivated friendly staff providing exceptional services to all our clients. We go the extra mile to ensure that our clients are completely satisfied with the financial services that we offer them.
  • Our mission is to solve consumers’ occasional, urgent and short-term cash flow problems with an equally short-term solution. We base our commitment to responsible lending on transparency, flexibility and extreme selectivity – we believe it’s possible to provide credit in a way that suits consumers, not lenders.
  • EC Online Loans is taking a fresh approach to credit. Not everyone operating in this space is doing so scrupulously, so we’d like to explain exactly what consumers can expect when using our service. These principles are in addition to our strict adherence to South Africa’s regulatory requirements under the National Credit Act, as well as the Consumer Protection Act.