This paper presents and discusses material aspects, as well as the magnetic and magnetocaloric properties of nominal Er2Cu0.92Si2.76 alloy synthesized by arc melting. The stoichiometric alloy, prepared with a precise 2 (Er):1(Cu):3(Si) ratio, adopts dual symmetries manifesting AlB2-type hexagonal and ThSi2-type tetragonal structures. It was observed that stoichiometric deviations by reducing both Cu/Si concentrations imply a decrease in the tetragonal phase fraction. An 8 % reduction in Cu and Si contents leads to the formation of an offstoichiometric single-phase: the Er2Cu0.92Si2.76 phase - the focus of this investigation. Notably, Er2Cu0.92Si2.76 showed a uniform grain microstructure without porous and with a homogeneous elemental composition. On the other hand, a long-range antiferromagnetic ordering around 5.6 K was noticed, with a weak influence of magnetic frustration likely arising from nonmagnetic atomic disorder and vacancy at the Cu/Si site. An external magnetic field (greater than 10 kOe) induces ferromagnetic-like ordering, with a saturation tendency at approximate to 50 kOe, corresponding to half the expected magnetic moment for fully ordered Er3+ ions. Er2Cu0.92Si2.76 exhibits large magnetocaloric properties, with isothermal entropy change and relative cooling power values reaching 14.6 J/kgK and 312 J/kg, respectively, for a magnetic field change of 50 kOe. The absence of magnetic and thermal hysteresis is also an attractive prospect for this material aimed at magnetic refrigeration applications at low temperatures.