FAQ About EC Online Loans
Yes, all lenders on our panel are NCR licenced. We only work with safe and reliable lenders for your protection.
Yes, we take all Data Protection regulations very seriously. We respect your privacy at all times.
Our site uses the highest level of data encryption. You application details cannot be seen by anyone else other than us and the lenders who process your application. It is totally safe and secure.
In most cases, lenders will allow you to settle early with a small, or no penalty charge.
Yes, you certainly can. It’s your money and you’re free to use it for any purpose.
Interest rates vary between each lender, however, you could expect to receive of between 5% upwards on the value of your loan.
It will be paid directly into your back account by electronic transfer.
You will either get an instant online decision on certain products notifying you of the outcome, or associated loan or you would receive an email, telephone confirmation or SMS.
In most cases, you will get an instant online decision from one or more of the lenders or associated loan brokers on our panel. In other cases, you could typically expect to receive a decision via email, telephone or SMS with 24 hours (during office hours).
Some may not want to offer you a loan if your employment has just started within the last 3 months, or if you are still in probation period. Other lenders may be more lenient and may be willing to lend to you even if you have just started new employment (subject to certain conditions being met).
Our lenders will consider clients with all types of credit records and will try to find a way to approve your loan.
Yes, doing a credit check on you is part of the application process. Lenders will check your credit record as part of their decision making process
To apply for a loan you must complete and submit a full application on our website. You are able to apply 24 hours a day, 7 days a week
The lender will collect the loan repayments directly from your bank account via debit order. The lender will advise you of the dates that they will debit your account.