EC Loan Review

EC Loan Review



Built on the core values of flexibility, transparency, and fairness, EC Loans is an online loan services provider. EC Loans is committed to providing clients with online loans, short-term loans, ec finance-personal cash loans, and prescribed debt loans. It was launched in 2005 and is reputed for being one of the best online loan companies. It offers quick and easy loans to South Africans. In addition, EC Loans South Africa provide loans for up to R120 000.  Their responsible lending policy is designed to solve consumers’ occasional, urgent, and short-term cash flow problems. with an equally short-term solution.

EC Loans insist that it is possible to provide loans so that it favors the borrowers and not the lenders. As a result, they go the extra mile to ensure that their clients are completely satisfied with the financial services that they offer them. EC Loans operates fully affiliated with various credit providers who offer credit to South Africans via the internet and mobile. They claim that their service providers are registered credit providers, who are regulated by the National Credit Act 34 of 2005.  

EC Loans aim to become one of the choicest loan providers in South Africa. They offer online cash loans for the medium-income sector of the population in South Africa. EC Loans also provides clients with full access to affordable loans while rendering a professional and caring service


  • Various types of loans
  • Regulated loan service provider
  • Transparent and fair loan policies
  • Responsive client support team
  • Loans of up to R120,000
  • Good EC Loans reviews from clients


  • EC Loans loans are not available in all states.
  • The interest could become large for long term loans

What Types of Loans Do EC Loans Offer?

EC Loans provides various types of loans, such as business loans, personal loans, bad debt loans, unsecured loans, cash loans, and more.

How Do EC Loans Work?

EC Loans are designed to allow all medium-income South African communities to have full access to affordable loans. The EC Loans range from R1000 to R120,000 and are best suited for attending to an unforeseen financial event. Although repayments are also tailored to suit your budget and your personal needs, they depend on your affordability and credit criteria.

What Are EC Loans’ Terms, Fees, and Conditions?

The loans offered by EC Loans R 1000 to R 120 000 and the loan payment terms range from one month to 84 months. Interest rates are based on each individual application and comply with the National Credit Act and National Credit Regulations. In addition to any regulatory requirements, EC Loans will always clearly show you the total repayment cost before you apply on all contracts. This calculation includes all potential costs involved, with no hidden fees or catches, only the amount you need to pay.

The terms and conditions also indicate the potential costs and consequences of late or non-payment. EC Loans will not ever change the rate of interest or charge during the life of your loan as the interest is fixed over the term.

How Can You Qualify?

To apply for a loan, you must be a South African citizen or a permanent resident and 18 years or older with a valid identity document. In addition, you should earn a minimum of R1500 per month, have proof of your current residential address, and own a bank account into which your salary is deposited.

How to Apply for an EC Loans Personal Loan

EC Loan Application Page

Applying for a personal loan typically involves prequalifying for a rate, submitting a formal application, and awaiting loan approval.

Applying through their online platform is so easy. They’ve laid out all the steps in detail for you to follow, and it takes only a few minutes of your time. All that is required for you to apply for a personal loan with EC Loans is that:

·         The loan applicant must be a South African citizen
·         Be at least 18 years of age
·         You have been permanently employed for at least three months at your current employer
·         He/she must earn a minimum gross salary of R2 000 per month
·         The applicant should own a bank account against which EC Loans can load a debit order and
·         The loan applicant must be a South African citizen with a green bar-coded ID document

Where Do EC Loans Operate?

EC Loans operates in South Africa.

How Is EC Loans’ Customer Service?

EC Loans offers a knowledgeable client support team that is polite and prompt in response. The support team can respond to all your EC Loans complaints; they can be contacted during working hours via telephone and email.