Rating based on 51 reviews

EC Finance

  • Student loans up to R120,000
  • Low-interest starting from 32.10%
  • Repayment up to 60 months

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EC Finance homepage
Author EC Finance. Screenshot of EC Finance website.
[Accessed December 12, 2022]

About EC Finance

From the year 2005, EC Finance has assisted in personal credit loans.

They have gone out of their way to ensure that a client is satisfied by ensuring that they cover emergency expenses. This company has been running for several years and it is situated in the Western Cape. They offer the best student loans and make sure to cater to the needs of the students.

The vision of EC Finance

They would like to be the preferred student loan in South Africa. As their mission, they want to enable the poorer communities to have access to student loans and education. They want to be the solution to students with bad credit scores.  So even if you have a bad credit score you could still quite possibly be the next teacher, lawyer doctor, etc.

A finance company that puts you first

EC Finance offers flexible loans from R1000 to R120 000 for up to 60 months. They are a very understanding company and they wish to accommodate all people and students with the student loan or finance they need.

You should apply for a student loan at a company where your well-being and financial security are their priority. Taking out a student loan with a company that wants to drag you down and drain you financially is something you would regret in life. Not with EC Finance, they help you to level up in life and reinforce your wealth to ensure that you have stability.

EC Finance Services

The fact that they offer instant student loans online means that after they approve your student loan application, you get the money immediately.

After this, you are free to use the money however you see fit. When making use of EC Finance Student Loans, you will never be left in the dark concerning your student loan. They go the extra mile to ensure that you are happy and sorted out fully.

How to repay

It is best to get student loans that comprise an easy repayment plan that is affordable and doesn’t include a lot of things. 

Although it usually takes up to 5 years to repay a student loan, you can always finish paying it sooner. Ensure that you stick to your monthly instalments to avoid charges and student loan penalties.  Paying your credit plan sooner will give them the impression that you are quite serious about your student loan and want to finish it as soon as possible.

Should you tick all the boxes

That way, EC Finance will see absolutely no problem giving you a student loan in the future. The fact that you never know when you might need them again means that you shouldn’t misuse their kindness and take it for granted. 

They sent their employees to workshops to fully equip them to help you in the best way that they know how. You should never have to wonder or take hours searching for information, they can easily answer your questions and cater to your financial needs.

EC Finance – Student loan

  • Loan Type Student loans
  • Interest Rate 32.1060% p/a
  • Loan Amount up to R120,000
  • Repayment 60 months
  • Decision 6 hours

Benefits of EC Finance

  • Same-day approval
  • Bad credit is welcome
  • Low-interest rate

Student loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This student loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Get a loan in a few easy steps with EC Finance

They know that people tend to misuse money and end up being bad re-payers.

Regardless of such a credit record, they still welcome blacklisted individuals because they know what it feels like to have little to no assistance. Make use of their credit plans including online student loans and get the best out of their financial solutions. Any student willing to work hard and be dedicated to their studies deserves a student loan with them.

Get a student loan in a few steps

The last thing you want is to have a financial predicament be the reason why you can’t carry on with your studies. When you apply for and get an EC Finance student loan you are already set up for success.

It is for this reason that their student loans are specially made to finance your studies. EC Finance will not only give you an affordable student loan, but it will also give you an education plan that will make you realize your potential.

Everyone is welcome to apply

The fact that everybody can apply for a student loan package means that everybody will have an opportunity for a bright future. Having the finance that they provide gives you the push you need to keep going and guarantee yourself a wealthy career.

How much do you qualify for

They know how expensive education at a higher institution can be. Although a maximum of R50 000 might not be enough to cover your entire degree, it should be sufficient to ensure that you are covered in your first year. Another option you can make use of is personal loans which will at least ensure that money is the least of your worries during your varsity years.

A blacklisted history doesn’t scare them

Whether you would like to apply for a student loan or short-term loan, they will consider your student loan application just like anyone else. This is regardless of how bad your credit history is. Education is important to EC Finance and your bad credit history shouldn’t stand in the way of you getting the kind of learning you are yearning to get.

Customer Reviews & Testimonials

June 2021

I didn’t know how I was going to finance my education after being repeatedly turned down because of my poor credit history. So you can imagine my relief when I contacted EC Finance and they told ...

Gugu M
— Roodepoort —

April 2021

They were honest, openly informing me of all the information about my student loan and the costs.

Thami M
— Pinetown —

August 2021

EC Finance provided me with a reliable student loan that took care of all my needs. For the whole academic year, I was covered with everything I had needed and I could fully concentrate on my res...

— Joslyn F —

EC Finance Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 08:00 – 17:30
  • Tuesday 08:00 – 17:30
  • Wednesday 08:00 – 17:30
  • Thursday 08:00 – 17:30
  • Friday 09:00 – 17:30
  • Saturday – Closed
  • Sunday – Closed