This manuscript describes a rheological and tribological study carried out on eco-friendly lubricants. These ecolubricants were made up of nanoclays as dispersed phase (a layered nanosilicate (montmorillonite Cloisite 15A) and a fiber-like nanoclay (sepiolite Pangel B20)) and vegetable-based oil as continuous phase (castor oil (CO), high oleic sunflower oil (HOSO) and their mixtures). A series of nanoclay-based ecolubricants were prepared by varying both nanoclay concentration and base oil, and thus, its viscosity. Friction and wear behaviors were assessed by using a ball-on-three plates tribometer cell. The results showed that the fiber-like sepiolite Pangel B20 yielded an important reduction in the wear scar diameter, thus revealing its potential as anti-wear and load-carrying additive in ecolubricant formulations, while Cloisite 15A proved to have friction improving properties. These anti-wear and friction reducing properties were found to be influenced by both nanoclay concentration and oil viscosity.