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EC Loans

  • Quick loans up to R120,000
  • Low-interest up to 28%
  • Repayment up to 84 months

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EC Loans homepage
Author EC Loans. Screenshot of EC Loans website.
[Accessed January 30, 2023]

About EC Loans

EC Loans was launched in 2005 to provide online, short-term, fast, personal, and blacklisted loans.

Applying for EC Loans’ credit products is a simple and quick process. EC Loans works with a number of credit providers to offer South African loans that are easily available on the web.

Regardless of your credit circumstances, EC Loans is devoted to finding you a fast loan that can meet your needs while keeping your budget in mind.

Remove unhealthy credit with EC Loans

EC Loans has a firm belief that every lending institution is responsible for investigating if an applicant can afford to repay the loan they’ve applied for. EC loans are known for helping many South Africans remove unhealthy credit.

To achieve this, EC Loans developed numerous loans which target your individual needs, but they didn’t stop there. They also integrated financial support and guidance, so you can eliminate debt and build good money habits.

EC Loans’ guiding principles

  • Transparency: There are no hidden fees, EC Loans shows you the exact amount you’re supposed to pay
  • Responsibility: EC Loans takes full responsibility for any loan queries and concerns and looks to respond promptly
  • Fairness: EC Loans attends to your case professionally and treats you fairly and with respect

Zero upfront fees

EC Loans has zero upfront fees. The only time you’re charged is at the end of the month and once your application has been processed. EC Loans will email you within 24 hours, requesting you to confirm your bank details, so your loan can be processed faster.

A once-off fee

EC Loans will then debit your account with a once-off fee of R249.99 to cover admin costs for searching for a loan for you. This fee is payable whether your loan is approved or not. If the fee of R249.99 is not available, EC loans will look to recover the funds by deducting your account for four months until the full amount is paid.

Improve your credit profile

If you’re declined, EC Loans can help you by sending your details for debt restructuring, which can assist you in improving your credit profile. By having a clean financial history, you put yourself in line to apply for other loans such as vehicle finance and home loans. Please note that debt restructuring is not the same as debt review.

EC Loans Services

When you’re facing financial pressure, getting a loan should be quick and simple.

At EC Loans, you’re granted an opportunity to settle your outstanding debts and bad credit. If fast cash is what you need to sustain you until your pay date, a quick loan can assist you to get the money you need immediately.

When financial institutions decline, EC Loans approves

Immediately after you’ve been approved, you can expect your account to be credited. Since so many customers from EC Loans take out loans to attend to an unforeseeable expense. As much as interest fees on fast loans are much higher than on secured loans, they’re a preferred choice when you require cash quickly to pay debts and emergency bills.

What happens when you miss payments?

EC Loans abide by the rules set by the National Credit Act and take accountability for your loan needs. In most cases, taking up a loan offer costs more when you dishonour your payment arrangement. Every time there are insufficient funds in your account, you’re charged extra, therefore it’s your responsibility to ensure funds are always available on your repayment date.

What does the renewal policy entail?

EC Loans also helps you if you have more than one loan, so long as your payment arrangements with their service providers are always paid on time.

If you’ve successfully made 3 consecutive payments on your existing loan, you can then be granted another loan. EC Loans will verify if you qualify for another loan according to the rules of the NCR.

Rebuild your credit

At EC Loans, you also receive a credit report with the relevant information on how to rebuild your credit. This is not a free service, however, the information that’s included in your credit report is useful, so you can significantly improve your rating. You’ll be assigned a consultant who’ll take you through the entire process.

What else can EC Loans assist you with?

EC Loans have several options available for you. They can also help you find

  • A loan from various providers which are registered with the NCR
  • Insurance quotes
  • Medical aid quotes from several companies

EC Loans – Quick loan

  • Loan Type Quick loans
  • Interest Rate 28%
  • Loan Amount up to R120,000
  • Repayment 12 months to 84 months

Benefits of EC Loans

  • Bad credit loan options
  • Same day loan approval
  • Quick loans up to R120,000

Quick loan calculator

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

What requirements are needed for you to apply?

EC Loans’ financial and credit providers offer loans from R1000 to R100,000 which you can use to pay off any unexpected bill.

The repayment amount is structured to support your personal needs and budget. EC Loans also looks at how much your affordability and credit criteria currently stand.

To apply for a fast loan with EC loans, you should meet the following requirements

  • Be a South African citizen
  • Be 18 years and older
  • Have a valid South African ID document
  • Earn R1500 a month (minimum)
  • Show proof of residential address
  • Have a bank account where your basic income is deposited

Why are EC Loans better than others?

  • EC loans offer an online application form that’s 100% secure
  • Approval rate of 90%
  • You’re most likely to be successful at EC Loans, even if you’ve been declined at other lending institutions

Quick loans don’t keep you waiting

EC loans offer quick loans that are approved fast. When you’re cash-strapped, the one thing you don’t want is to wait weeks and months on end to get approved for a loan. EC loans are professionals when it comes to providing you with fast loans. Quick loans are now the way to go as they don’t keep you waiting.

EC Loan’s loan calculator

EC Loan offers a loan calculator which is a guide to estimate your monthly repayments. As every person’s case is unique, this means rates can change depending on whether you have a good credit score and existing debt which you’ve acknowledged to pay for three consecutive years.

Customer Reviews & Testimonials

February 2022

I heard about them from my friend and was not disappointed!

Kerri H
— Johannesburg —

September 2021

I had brilliant experience with EC Loans, I received great service and even better rates.

Shawn K
— Pretoria —

September 2022

I needed loan for my house, and EC gave me the best solution I could have been offered.’

Cleo M
— East London —

EC Loans Contact

Physical Address

  • 14 Bloem Street, Kraaifontein Cape Town Western Cape 7560 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