Rating based on 54 reviews

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 May 13, 2018]

EC Loans - Fast online cash loans

EC Loans was established in the year 2005 with the main objective being to provide consumers with online loans, short-term loans, personal loans, and prescribed debt loans.

Our online loans are one of the best online loan offers in South Africa and our online loan application is quick and simple. We have partnerships with a number of credit providers who provide credit to South Africans online via the web or mobile. All our providers are registered, regulated by the National Credit Act 34 of 2005.

Our Vision

Our main objective is to be the first choice of the financial loan service provider when it comes to providing quick loans for the majority of the population in South Africa.

We align our business with the relevant loan industry governing bodies, which assists in influencing the loan industry, ultimately benefiting our clients. As a financial service provider, we strive to put our clients’ minds at ease by ensuring them that a loan is attainable.

Our Mission

At EC Loans, we ensure that South African communities of the middle-income bracket have full access to loans that they can comfortably afford while receiving a professional and caring service.

We endeavor to build a future where EC Loans is the go-to company for all the individuals who struggled to receive loans from other providers and know that they can go through us in order to achieve financial well-being by means of obtaining one of our payday loans.

Our Standards

You can expect to receive exceptionally friendly service as we continually develop our loan products range to meet the ever-changing needs of our clients.

We specialise in fast loans

All of our loans are finalized in the shortest time possible!

When you’re in a tough situation financially, the only thing that you can’t really afford to do is wait. Fast loans are our speciality and online loans are paid on the same day.

When the banks say no, we aim to say yes

As soon as your online loan application is approved, you are credited with the funds within just a few hours. Due to most of our clients, applying for our loans during emergencies, we ensure that we offer a service with speedy approval and access funds as soon as humanly possible.

While the interest rate on fast cash loans such as these is higher than your traditional secured loan interest rates, they’re certainly the way to go when you urgently need to settle debts, pay deposits, or bills.

How my fast loan application assessed

Your monthly income is taken into account when the amount of a loan is approved. Our goal is to make sure that you can reasonably afford the repayments in the time that you have been given. As with all unsecured loans, the shorter the repayment period, the shorter you are indebted for, so it’s our recommendation to go that route.

Cost of credit and Application Requirements

Our instant loan offers a range between R1000 and R100 000,00. The repayments are also tailored to suit your budget and are determined based on your affordability and credit criteria.

To apply for a loan you must be a South African citizen and 18 years or older with a valid identity document. You need to earn a minimum of R1500 per month, have proof of address and a bank account into which your salary is paid each month.

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 loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

EC Loans - Fast affordable loans

We will always be encouraged to settle your debt as soon as you can, either on time or early.

You are able to repay a loan early at any time and save money by doing so since you’re only paying the interest accrued up to that point. We do not charge early settlement fees, so there are no catches when you choose this option on your short-term loan.

We aim to always be fair

We will always ensure you fully understand the risk of dabbling with credit and repayment terms etc. We will educate you on the potential consequences of non-payment or late repayment so that you are well aware of what you would be up against if your circumstances changed during the loan term. That said, you will be treated fairly and respectfully regardless.

We will go the extra mile to ensure that our clients are thoroughly satisfied with the financial offerings that we provide them in their time of need. Our core mission is to solve the cash flow problems of our clients who experience unforeseen, urgent emergencies that call for a quick cash loan solution.

Transparency is important to us

We will always disclose the true and total cost of repayment clearly before you apply for any of our contracts. The calculation that we do with your details in hand, includes all potential costs, with no hidden fees or surprises. You can expect to complete transparency when it comes to what you need to pay.

We also define the consequences of defaulting on payments, and we won’t ever change the rate of interest or loan term, due to the rate of interest being fixed over the term.

All our service providers adhere to the rules of the National Credit Regulator’s guidance on Debt Collection and subsequent associated guidance. We will only ever extend the length of your personal loan term if you ask us to and in turn, we would need to deem it in your best interest as well. 

Customer Reviews & Testimonials

November 2018

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

Kerri H
— Johannesburg —

December 2018

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

Shawn K
— Pretoria —

October 2018

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