EC finance is a South African micro lending institution. Established in 2005 with a strong focus on providing short term loans, personal loans and cash loans. With a business foundation led in the western cape of South Africa, this unique business model now services clients nationwide and these clients include those who have been blacklisted.
EC finance provides cash loans from R1000 up to R50000 with a minimum one month and a maximum sixty months repayment period. All loan application with EC finance are done electronically and there is no need for original documents for the cash loan to be paid out. Clients are also assured of same day approval on financial loans and the cash loan is available within 24hrs of signing the contract.
To apply for the EC finance credit facility, prospective clients need to be 18 years and above, clients should also prove that they have been permanently employed for at least 3 months at their current place of employment. Clients should also show a payslip that indicates a gross salary of R2000 per month even if they are blacklisted. Because EC finance is a legally compliant and regulatory sensitive business, prospective clients are required to have a South African ID.