Long Term Loans

Unsecured loans are monetary loans that are not secured against your assets.

The interest rates applicable to these different unsecured loans may vary depending on the lender and the applicant.

We offer a number of different unsecured loans which we tailor to each individual applicant to make sure that you get the financial aid that you need.

Unsecured loans enable you to satisfy the urgent demands

Unsecured loans are most often used to address outstanding medical bills, power bills, tuition costs, charge card bills, prescribed debts, bad credit situations, and situations where the client does not have a credit history. They are your second chance unsecured loans, because every one deserves at least a second chance at unsecured personal loans online.

Our clients opt for our non secured loans when they need a quick financial fix because:

  • we offer financial cash loans of up to R 120  000, even for those with prescribed debt;
  • we give fast approval on financial loans;
  • our loan periods are based on your credit risk where our minimum term is one month, and
  • our maximum term is 84 months;
  • we do not need your original documents in order to pay out your cash loan; and
  • all our applications are done electronically.

The only requirements you need to meet to get a loan with us are that you are:

  • are at least 18 years of age;
  • have been permanently employed for at least 3 months at your current employer;
  • earn a minimum gross salary of R2 000 per month;
  • have a bank account against which we can load a debit order;
  • are a South African citizen with a green bar-coded ID document.

  • Bad Credit Loans
  • Cash Loans
  • Prescribed Debt Loans

Unsecured loans are monetary loans that are not secured against your assets. The interest rates applicable to these different unsecured loans may vary depending on the lender and the applicant.

We offer a number of different unsecured loans which we tailor to each individual applicant to make sure that you get the financial aid that you need.

Unsecured loans are most often used to address outstanding medical bills, power bills, tuition costs, charge card bills, prescribed debts, bad credit situations, and situations where the client does not have a credit history. They are your second chance unsecured loans, because every one deserves at least a second chance at unsecured personal loans online.

Otherwise referred to as loans for blacklisted, bad credit loans, loans for bad credit, or cash loans for blacklisted.

While all blacklisted persons can apply and may qualify, not everybody will be approved depending on your credit status.

Have you applied for any cash loans recently, but you have been rejected on account of having bad credit? If so, don’t stress, because it is not uncommon. Millions of South Africans are experiencing the same struggle and you should not feel ashamed to ask us for a loan. You won’t know whether we can help you or not, unless you ask. And we are happy to assist you in determining whether or not you qualify.

EC Loans has credit providers willing to overlook certain past mistakes of yours. Provided you can afford the loan, you stand a chance of being granted one. Each credit provider will have varying sets of rules for credit scoring and blacklisting, typically unique to each applicant. Make no mistake, credit scores will be reviewed, but along with the following criteria.

• Permanent employment with a salary able to afford the loan.
• Not in administration, debt review or sequestration.
• Salary paid into valid South African bank account in your name.
• Account holder has a valid South African green bar-coded ID.

Do you meet the requirements to qualify? At the very least, if you hold a permanent job and you are not currently receiving debt counselling and have a South African bank account as a South African citizen, you are in a good position to qualify. The best way to find out though, is to complete an application form so we can assist you. There is no better way to help you without the sufficient information required, which can only be provided by you.

Click here to fill in the form and submit your application and we’ll get back to you.
EC Loans offers cash loans for black listed clients from Cape Town and all across South Africa. Don’t let a bad credit score stop you from reaching financial freedom. Consult EC Loans and let us help you improve your credit rating.

Prescribed debt loans are offered to individuals who have outstanding credit debt . These are unsecured loans that offer immediate financial relief.

When applying for a personal loan or secured loan at a bank, you are usually required to have a spotless credit record. While the interest rate on unsecured loans is slightly higher than secured loans, if you fall behind on monthly payments of a secured loan you run the risk of losing your assets.

Often our clients have run into some unforeseen financial trouble in the past and because of that, they are unable to meet their commitments as agreed with their creditors. Getting a personal loan approval doesn’t have to be difficult and having prescribed debt doesn’t have to be the end of your financial autonomy. By applying for a prescribed debt loan you are taking the next step towards relieving yourself of that debt.

We care about the financial situation of each of our individual clients. While you are in the process of removing your prescribed debt status we recommend that you:

  • keep your credit rating as high as possible by making sure you don’t miss any repayments;
  • pay the minimum amount required each month for any other debt obligations you may have;
  • if you can afford to, pay more on the cash loans that will increase your credit record;
  • make sure that the details on your credit report are up to date and correct;
  • check your credit report.