Rating based on 39 reviews

EC Finance

  • Personal loans bad credit up to R120,000
  • Low-interest starting from 28%
  • Repayment up to 84 months

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EC Finance homepage
Author EC Finance. Screenshot of EC Finance website.
[Accessed February 20, 2019]

EC Finance - 24 hour loans

EC Finance has been open for 7 years and has helped thousands of South African citizens obtain loans. Our instant loans are available online 24 hours a day and it only takes a few minutes to apply.

Our loans offer flexible repayment terms and loans ranging from R1000 to R120 000 for up to 60 months.

All the lenders that we deal with are registered with the national credit act and comply with all these rules and regulations.

Eyes toward the future

As we grow and expand our company we learn and change our loan products to better suit your requirements.

We have simplified our application process so that it only takes a few minutes to complete and find out of you qualify. We aim to be the first person that you call when you need money.

Our mission is to give everyone the opportunity to apply for a loan no matter if they have been blacklisted or not.

Our bad credit loan options allow those with a low credit score the opportunity to apply for the loan.

A stress-free loan process

Our personal loans for bad credit were designed to get you your money as quickly as possible and make the entire loan experience as stress-free as possible from the application stage, right through to how easy it is to repay your loan. 

Our main aim is to help you not to make your debt situation worse. We practice responsible lending and won’t lend you more than you can afford.

Flexible loan options

We believe in transparency and dealing with everything above board. Our bad credit personal loans are flexible and the options vary so there is an option to suit every need.

There are helpful calculators on the website so that you can figure out how much you will be charged and easily work out how long it will take you to pay back the money. Loans compare only partners with the most reputable lenders that aren’t fly by night operations hoping to make a quick buck by taking advantage of you.

Short term loans are cheaper 

The quicker that you repay your personal loan the less it will end up costing you.  It might seem like a good idea to take a longer-term loan so that you can make smaller payments for a longer period of time, but this will only end up costing you more in interest. You should always only borrow as much as you can afford and pay back as much as you can as quickly as possible.

You won’t be charged penalty fees for paying back your loan early and you can make payments whenever you can as long as you pay the minimum requirements each month.

Our payday loan service is completely free of charge there is no initiation fee or finder’s fee involved.  We are on your side and plan to help you improve your finances.

Bad credit loans

At EC Finance we aim to find you the best loan if you have bad credit we will help you deal with a lender that specializes in bad credit loans without making you pay through your teeth for the loan you apply for.

If you have no accounts and you have not yet built up a credit record, you may find it difficult to obtain a loan.

EC Finance – Personal bad credit loan

  • Loan Type Personal loans bad credit
  • Interest Rate from 28%
  • Loan Amount up to R120,000
  • Repayment 160 days to 84 months

Benefits of EC Finance

  • Loans for clients with bad credit
  • Loans paid on the same day
  • A friendly and caring service

Personal bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

EC Finance - We can help you build a good credit score

Applying for a bad credit loan in this case and paying it back quickly will help you build up a good credit score.

Bad credit loans are short term loans because you will be given a limited amount of time to repay the loan.

Secured bad credit loans

Some bad credit personal loans need you to secure your loan with collateral, this asset must have a greater value than the loan amount and you will be at risk of losing it in the event of non-payment.

The lender then sees it at less of a risk to lend you money so they don’t charge you as much interest or subject you to the stricter lending conditions.

Think about a joint application

Another way to obtain a loan if you have bad credit is to consider a joint loan application. This is when you get someone to sign as your surety. In the event that you don’t pay back the money, they will be responsible for the entire loan amount.

This option is best for younger clients that have just turned 18 their parents will sign with them on the contract to give the lender more confidence and help keep the interest fee and other fees down.

Couples can also apply for a fast cash loan using their joint salaries in order to give to have a better chance of being approved and to qualify for a larger amount of money.

The following will negatively affect your credit score:

  • Not paying your bills on time
  • Completely skipping monthly payments
  • Applying for multiple loans at once
  • Having a lot of different credit cards with a high balance
  • Having a lot of clothing or store accounts that you regularly miss payments on or pay late

Customer Reviews & Testimonials

January 2019

EC Finance will always ensure that you get the best out of your loan offer and that is why they are my preferred credit choice.

Rachel P
— Pietersburg —

September 2018

To date, I have never encountered technical difficulties from using EC Finance’s website.

Steve B
— Parys —

February 2019

EC Loans has the most affordable interest rates as far as their loans are concerned.

Ethan J
— Port Shepstone —

EC Finance Contact

Physical Address

  • 11 Long St, Cape Town City Centre Cape Town Western Cape 8000 South Africa
  • Get Directions

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed