How to apply for EC Loans Easy Cash Personal Loans?
Learn how to apply for a personal loan up to R$120,000 with the EC Loans platform, following a detailed step-by-step process.
Discover All You Need to Know About the EC Loans Application
EC Loans Easy Cash, a reputable financial institution founded in South Africa in 2005, offers a diverse range of unsecured personal loans to cater to the financial needs of both individuals and businesses.
Their user-friendly online platform streamlines the application process by providing customers with various loan options, ranging from R1,000 to R120,000. These loans come with flexible repayment terms, extending from 1 to 84 months, to accommodate different financial situations.
What sets EC Loans apart is its commitment to transparency and clarity. The company uses different tabs on their website to categorize services and provide comprehensive explanations for each condition. They also offer a loan calculator, enabling users to understand the details of their contracts.
EC Loans has an impressive 90% approval rate, highlighting their dedication to providing efficient and quick financial solutions. With nearly two decades of experience in the South African market, the company has established itself as a trustworthy institution, offering secure transactions and quality services.
Who Can Apply for EC Loans Easy Cash Personal Loans?
While EC Loans provides detailed information and primary requirements for various sections of personal loans on their website, the general criteria for applying are as follows:
- Age and Citizenship: Applicants must be over 18 years old and citizens of South Africa with a valid ID. Foreign customers, even if not born in the country, must be permanent residents with a valid work visa for South Africa.
- Minimum Income: The customer must have a minimum income of R$1,500. In some cases, the provable minimum monthly income needs to be R$2,000. A valid bank account is also necessary to receive the approved loan deposit.
- Credit Score: EC Loans welcomes individuals with a negative credit history, unlike other brands that often require a higher credit score.
Other than these criteria, there are no significant objections or additional prerequisites for applying for EC Loans’ services.
How Does the Application Process Work at EC Loans Easy Cash Personal Loans?
On any content page providing information about unsecured personal loans, customers can find a link redirecting them to the application form for requesting funds from EC Loans.
The application form asks for the following information:
- Desired amount: from R$1,000 to R$120,000
- Full name
- Phone number
- South African ID number
- Email address
Customers also need to provide additional information about their financial situation, including:
- Name of the employer
- Salary payment frequency
- Monthly salary amount
Furthermore, customers are required to provide their banking information:
- Account type
- Bank name
- Account number
Once the submission is completed, EC Loans will analyze the application and promptly provide a positive or negative response. During the process, the company may request the following documents:
- Copy of South African ID
- Proof of residence
- Latest bank statements
- Recent payslips
If customers have any questions, they can submit their name, email, and inquiry through the form on the website or contact EC Loans via email at [email protected] or by phone at 087 236 6461.
Interested in Exploring Other Lenders?
The South African market offers various options for personal loans, such as Just Money. This lender provides loan possibilities exceeding R200,000 for the public.
