EC Online Loans

The platform advertises a lending range of R1,000 to R120,000. The amount you qualify for depends on your income, affordability assessment, and credit profile as determined by the matched lender.

The maximum APR is 32% per annum. A representative published example shows 28% APR on a R100,000 loan. The actual rate is set by the matched lender after your affordability assessment and depends on your credit profile, income, and selected term.

EC Online Loans explicitly markets services to consumers with adverse credit listings. Some panel lenders specialise in non-prime credit. However, all lenders must still conduct a statutory NCA affordability assessment — you must demonstrate the capacity to repay from your current income.

Funds are typically disbursed within 24 hours of the credit agreement being signed electronically. In practice, many applicants receive funds on the same business day if the agreement is signed before 13:00 SAST.

R1,500 net per month. In practice, lenders may require a higher income for larger loan amounts due to affordability ratio calculations.

EC Online Loans' initial enquiry may involve a soft or hard credit check, depending on which matched lender processes your application. A hard enquiry is recorded on your credit report and may have a minor short-term impact on your credit score.

- Phone: 087 943 2500 (business hours, Monday to Friday)

If you have a dispute with EC Online Loans or a matched lender, you can escalate to:

Yes. You can submit a new application at any time, subject to the matched lender's own policies and any cooling-off periods. Multiple concurrent applications to different platforms may affect your credit score.