Rating based on 43 reviews

EC Finance

  • Student loans up to R120,000
  • Low-interest starting from 28%
  • Repayment up to 60 months

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EC Finance homepage
Author EC Finance. Screenshot of EC Finance website.
[Accessed May 13, 2018]

Loans made easy with EC Finance

EC Finance has a fundamental goal, and that is to be the most preferred personal and student loan provider in South Africa!

We are regulated by the NCA

We have been in the industry for seven years and are based in the Western Cape. One of our benefits is that being affiliated with many of South Africa’s top credit providers, we are able to provide credit online and via mobile.

Our credit providers offer flexible loans from R1, 000 and up to R120 000 for a time period of up to 60 months and are all registered and regulated by the National Credit Act.

We can provide loans via mobile

We regularly work with individuals who have become blacklisted or rejected for credit by any major commercial lenders. One of the other handy tools we offer is a loan calculator, which you can use to calculate the total cost of the bad credit loan before even applying for one.

In having this info prior to applying, you’ll be well aware of what you can afford which shortens the process of applying. Should you require any assistance, we’re available to assist you with both the online loan application and the loan initiation process. 

We have loans suitable for everyone

EC Finance delivers fast and simple quick loans when you need them and with our instant online loans, not only could you receive your granted cash quickly but also without any questions asked!

Unsecured loan options

Our personal loans are all unsecured, which basically means you don’t have to have any collateral in place in order to obtain it. As far as the loan repayments go, you can do so with your monthly income, and assessments for credit worthiness will be carried out as part of the applicant assessment process.

Our loans are suitable for those who are blacklisted

Our loans are designed to suit both those who are blacklisted and those individuals who are stuck with a poor credit rating and that need a student loan. We allow our clients to choose from a wide variety of cash loans that are available online, including student loans.

At EC Finance we ensure that the application process is quick and easy to use, saving you time and effort. Communication of approved loans is made instantly to the client, and you could receive the money on the same day.

EC Finance – Student loan

  • Loan Type Student loans
  • Interest Rate from 28%
  • Loan Amount up to R120,000
  • Repayment 60 months

Benefits of EC Finance

  • Student loans up to R120,000
  • Loan term up to 60 months
  • Low interest rates from 28%

Student 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.

We will help you choose the right loan option

We offer a number of loan types at EC Finance and pride ourselves in choosing the correct one for you – our client. Should you require a basic loan for reasons that require a lump sum of cash, then a personal or short-term loan would be for you.

Are you studying and can’t afford to pay the fees up front? Then applying for a student loan would get you better rates and allow for longer terms. We also offer University grants and education finance, all of which could greatly assist you when getting started with your career planning studies!

Does your student loans match all of my needs?

There are a number of ways in which you can finance your studies after school. However, if you are unable to pay for your studies at a tertiary institution, then a student loan might be the best alternative, as they are easily accessible. The main question is which one of the hundreds of products that are available online will be the right one for you? In the end, it all pays off when you have evaluated everything as much as possible.

Who can apply for a student loan?

The short answer is - anyone can! Provided you don’t have a poor credit record and have all your paperwork in order. If you are ready to get studying and need the financial assistance, we want to help you achieve your big dream by having the opportunity to study. 

All South Africans that have access to the internet whether it be on a computer or mobile will have access to our products and services. We are dedicated to the needs of the client and ensure that the lender considers all your individual needs and will offer the most suitable solution available to you!

Will the loan be covering my tuition fees?

The student loans that we offer our clients follow the same process as with traditional personal loans. Our clients can borrow anywhere between R1 000 and R50 000 and the maximum loan amount should be enough to cover all your tuition fees for a year of studying. (If you are an undergraduate student). Our student loans are still highly beneficial, even if it only partially covers your student fees.

What you will need to apply for a study loan

Should you wish to take out a student loan with EC Finance, there are a few documents and requirements needed prior to providing you with the financing:

  • In order to qualify for a loan, you must be a South African citizen
  • You must be older than 18 years of age
  • Your parent or guardian should be employed full time and be able to provide us with payslips of the last 3 months
  • The parent or guardian should earn a minimum income of R2 000 per month
  • Active bank account details will be needed for the transfer of the funds
  • Valid identification must be provided

If you are blacklisted, you can still apply for a loan

The interest rates on student loans offered by EC Finance are competitive, however, it is still your choice at the end of the day to decide whether the loan is affordable for you to repay monthly. Depending on your creditworthiness, you will receive these rates, however, if you are blacklisted, you can expect to pay a much higher interest rate on your loan for bad credit.

Our loan terms

Our loan terms range between one month and up to five years. When you apply for an instant cash loan with us, you are able to specify the term of the loan.

The interest begins as soon as you have signed the loan agreement, and the principal amount starts being deducted from the following month, ergo there is no period in which you will pay the interest only. In a nutshell, the longer the term - the smaller the monthly instalments will be. However, you will need to be mindful of more interest paid in the end.

Customer Reviews & Testimonials

November 2018

EC Finance ensured that my loan application was approved within hours after applying.

Henrietta G
— Ramsgate —

December 2018

EC Finance will never give you a student loan you can’t afford to pay; they always have your financial interests in mind.

Caroline P
— Mafikeng —

February 2019

I am so paying with the rate that I am paying on a monthly basis on my student loan. Thanks to EC Finance!

Jonathan G
— Vanderbijlpark —

EC Finance Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 08:00 – 17:30
  • Tuesday 08:00 – 17:30
  • Wednesday 08:00 – 17:30
  • Thursday 08:00 – 17:30
  • Friday 09:00 – 17:30
  • Saturday – Closed
  • Sunday – Closed