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FASTA Loans
Get up to R15,000 paid out quickly to your bank account. Repay in up to 6 instalments. Rates from 3% pm. Fast online application and instant verdict.
FASTA Loans are designed for South Africans needing short-term finance, with an offering from R8,000 up to R15,000. Borrowers can choose flexible repayment terms: either three or six monthly instalments, giving you greater control over your budget. The interest rate is set at 3% per month, and loans are paid straight into your bank account after approval.
To qualify for a FASTA loan, applicants must be over 18 years old, possess a valid South African ID, have a verifiable income for the past 90 days, and hold online banking access. Additional fees apply, with an initiation fee starting from R454 and a monthly service fee of R69, plus credit protection insurance.
How To Apply For A FASTA Loan
The application process is simple, making access to cash quick and easy for most. Here are the straightforward steps:
- Select your desired loan amount using the online slider.
- Choose the number of repayments that suit your pocket.
- Click ‘Apply now’ and fill in your basic details—name, ID, contact, income.
- FASTA conducts an instant affordability check and may request digital banking details for verification.
- Once approved, accept the offer and the cash is paid out, usually within minutes.
Pros of FASTA Loans
FASTA stands out for the rapid response—most borrowers are approved in minutes, and funds are typically deposited the same day. The entire process is 100% online, so there’s no need to visit a branch or submit paperwork in person.
Flexible repayment is another major advantage: choose between three and six monthly payments, allowing you to keep instalments manageable.
Cons of FASTA Loans
While FASTA is convenient, the service fee and initiation fee can add noticeably to borrowing costs. Total repayment can be high, especially for longer terms and smaller amounts.
Additionally, only those with online banking and formal income are eligible, which could exclude some potential applicants.
Verdict – Is FASTA A Good Choice?
FASTA is an excellent option for South Africans needing quick, reliable loans with fast online approval and varied repayment options. If you meet the eligibility requirements and need funds urgently, the convenience and speed make it a compelling choice, but carefully review the fee structure before applying.
