What are Bad Credit Loans?

When you have a bad reputation with banks, credit card finance providers and other credit solutions, there are great opportunities with alternative financial institutions to rid yourself of that bad reputation.

EC Loans offers the option of fast personal loans which do not require a credit check for people with bad credit, no credit history, or those who do not want to go through a credit check.

What if I don’t have a credit record?

Bad credit loans are also handy for clients who don’t have a credit history yet. Many formal financial institutions will not do business unless they have evidence of a secure credit history.

Bad credit loans allow these individuals to make investments in their future without the hassle of gaining a credit history.

Please note that these services are usually only offered by private companies like EC Loans as banks will not assist individuals without ideal credit records.

The good news is that we don’t need to know about your credit history to offer you a loan when you really need it!

We offer fast approval and same day pay out cash loans! Apply now and a consultant will evaluate your application and give feedback as soon as possible.

Remember the longer you stay loyal, and make your monthly payments, to EC Loans the more you can borrow in the future!

Apply within business hours from Monday to Friday and you could have the cash in hand within a few hours.


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How to Apply

Cost of credit and Application Requirements

We offer between R 1000 and R 120 000,00 loans and are the best method of attending to an unforeseen financial event. Repayments are also tailored to suit your budget and your personal needs, they are also dependent upon your affordability and credit criteria. 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, earn a minimum of R 1500 per month, have proof of your current residential address and your own a bank account into which your salary is deposited.

Cost of Credit:
Insurance: 1.25% of monthly opening balance
22.50% Benefit
The Maximum APR is 28% per annum