Back to EasyEquities Submit a ticket
  1. Help Centre Home
  2. Knowledge Base
  3. Platforms
  4. EasyCredit

Help Menu

Open navigation

What do I need to know about the EasyCredit application process?

Applying for your EasyCredit loan can be done in a few simple steps:


1. Activate your EasyCredit account.

  • Log in to your EasyEquities account
  • Click on your profile menu (top right) and select Account Management
  • Select Activate New Accounts
  • Select EasyCredit

Alternatively, if you are using the EasyEquities app, you will have the option to activate this account by selecting the EasyCredit card on the Portfolio tab of your account. 


2. Find out what you qualify for.

  • In the first step of this process, you’ll be able to see whether you are eligible for an EasyCredit loan or not. 
  • Select the accounts you would like to pledge
  • Choose the value of your loan
  • Review your costs
  • Do an affordability check
  • Upload supporting documents.

A credit check will be done as part of your application. 

To increase the loan value that you are eligible for, you can deposit funds into your EasyEquities account.


3. Give us some time to process your application


Applications will be processed within 5 days.

If your application is successful, we will provide you with a quote and pre-agreement statement for your review and acceptance. This quote will remain valid for 5 business days provided that your pledged account(s) balance remains sufficient to cover the required collateral security.


4. Getting your borrowed funds.


Once your application has been approved, and if you accepted the provided quote, your funds will be automatically allocated to your EasyEquities ZAR account.

 

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.

© EasyEquities. EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyEquities platform are subject to the legal terms and conditions to which you agree to be bound. The EasyEquities platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyEquities acts as an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership.

In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

The availability of any share on the EasyEquities platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you.

The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between EasyEquities and the listed company, or the payment of fees for services. Brand Logos are owned by the respective companies and not by EasyEquities. The use of a company’s brand logo does not represent an endorsement of EasyEquities by the company, nor an endorsement of the company by EasyEquities, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the EasyEquities website.

* Note exchange prices are delayed in accordance with regional exchange rules. South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes; Australian prices are delayed by 20 minutes.

EasyEquities is a subsidiary of Purple Group Limited, a company listed on the JSE Limited (PPE)