Save thousands in interest by using EasyCredit

Consolidating high-interest-rate debt can be a smart financial move to reduce your overall interest payments and simplify your debt management.

One of the ways to do this is to take out a loan with a lower interest rate than what you're currently paying on your high-interest debt. You can then use the funds from the loan to pay off your existing debts.

EasyCredit allows you to borrow money against your EasyEquities portfolio and offers loans up to R300 000 at an interest rate of prime +3% and a once off 1% initiation fee on your loan value.

This offers you an opportunity to pay down high-interest credit card debt and save thousands on interest every year.

Below is a comparison of what it would cost to service credit card debt vs an EasyCredit loan.

The first table includes initiation fees, illustrating a comparison when taking out new credit in each case.

The second table does not include initiation fees, offering a comparison of cost on existing credit in each case.Emailer Graphic PNG

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 in the Portfolio tab of your account.

From here, you’ll be able to quickly and easily see what you would qualify for. If you wish to proceed, you’ll be taken through a short and easy assessment and provided with an initial loan amount that you can adjust based on your needs.

Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by an employee of EasyEquities an authorised FSP (FSP no 22588) as general market commentary and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information (i) contained within this research and (ii) received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.

Previous Blog

Next Blog

Let Us Help You, Help Yourself

From how-to’s to whos-whos you’ll find a bunch of interesting and helpful stuff in our collection of videos. Our knowledge base is jam packed with answers to all the questions you can think of.