EC Finance Loan 2023-2024 Application Details, EC Finance Student Load Requirments, Study Loan Calculator, How to Apply, How to Repay, and Application Closing Date.
EC Finance Student Loan Application Details
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.
Fees and interest rates are dependent on the lender, which means different lenders may charge somewhat higher or lower fees. Interest rates are usually higher than those a bank would charge for a similar loan.
Banks however, maintain stricter loan qualifications and issue loans only when certain requirements, like a good credit score, are met.
The process of applying for a loan is generally lengthier than going with an online cash loan solution. It could take weeks to get approved and have funds disbursed with a bank loan. A cash advance loan takes a matter of minutes.
Responsible borrowing is imperative when getting back on the road to financial freedom.
Our service providers always tell you upfront what the cost of your loan will be. There are no catches or extra costs to worry about, providing you stick to your side of the deal.
Our short term service providers have an annual interest rate of 32.10% to 60% APR. They also show you an example of the cost of an average loan to show you a clear breakdown of interest and fees.
Included in this is their R 57,00 per month service fee that helps cover the cost of the administration of your account and an initiation fee which all fall in line with the National Credit Association (NCA).
All of this is shown upfront so you can judge the cost of a loan before you accept your quotation. Fees include 14% VAT.
How to Repay EC Finance Loan
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.
EC Finance South Africa Contact Details
Fax: 086 525 8611
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
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