What are Cash Loans?

Cash loans, otherwise known as short-term loans, or payday loans, are loans that work on an unsecured loan basis where you aren’t required to put capital forward to get your loan.

No matter how well you budget, there are times when you just need a little extra financial help before the end of the month comes around. Whether you’ve had to pay an unexpected expense, travel a long distance, or accidently overspent during the month, a cash loan can be a lifesaver.

This option is ideal for those seeking an advance on their salary.

Cash loans are popular among those who are struggling through a tough month, and need a short-term cash injection to tide them over before payday.

Compliant with National Credit Act No. 34 of 2005, this convenience loan is calculated according to your current income or salary, giving you a cash loan when you need it the most. Whatever your financial needs and whatever your current credit record may be, EC Loans offers a simple, safe and effective solution to your financial problems.

If you want to know more about your cash loan options, give us a call or make contact.


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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