Fasta Loans Review – How To Apply

Fasta Loans is another quick cash loan in South Africa offering personal loans of R8,000 without any paperwork or collateral.

About Fasta Loans

FASTA (Pty) Ltd is a dynamic Fintech business offering consumers a new payment method for their online and in-store purchases. Enabled through innovative technology, FASTA provides customers with access to credit in minutes.

Just Like Capfin Loan, Finchoice Loan, Nedbank Loan, Atlas Finance Loan, Hippo Loans etc. FASTA’s self-service application process is entirely online. It is fast, secure, simple and easy to use, offering consumers up to R8000 which can be repaid over 4 months.

How Fasta Loans Work?

Fasta Loans application process can easily be done online through a safe, fast and secured medium on their website and cash are disbursed straight into your bank account immediately after approval.

Step 1: Adjust the sliders to select the amount of cash you need as well as the number of instalments you want to repay.

Step 2: The costs of the loan will be displayed to you automatically helping you to choose an option that is most affordable to you

Step 3: You will need to complete a short online application. They will guide you through the process and tell you what information they need to make a credit decision.

Step 4: On approval, Fasta Loans pay the cash value of your loan into your chosen bank account.

Requirements Needed To Apply For Fasta Loans

• A valid South African ID Number

• Be 18 years or older

• Earn a minimum monthly salary of R7000 for the last 3 months

• Have a valid bank account in your name

• Have a valid email address and mobile number.

How To Apply For Fasta Loans Online

1. Register your profile on their website or login to your Fasta Loans Online account if you are already an existing user.

2. Choose the FASTA product that you want.

3. Fill in your details and complete the online application.

How Much Does Fasta Loans Offer?

Fasta Loans provide access to credit up to R8 000. You can choose to repay FASTA in up to 3 equal monthly instalments.

How To Make A Manual Payment With Fasta

Direct payments can be made by accessing your “My account” page, via the FASTA website.

Alternately, you can request that a payment link to be sent to you by emailing

Fasta Loans Interest Rate And Fee

Fasta Loans don’t believe in hiding any costs or offering you more credit than you can afford, so their sliders give you an easy way to fully understand the total costs they will charge you according to how much you want to borrow.

They do this right at the start, so you are in control and can make an informed decision based on what you can afford.

As a registered credit provider their Fees and Interest calculated are based on the Regulations set out in Chapter 5 of the National Credit Act 34 of 2005.

Fasta consider each application on its own merit. They charge a fixed interest rate per month which is depending on  your unique credit risk profile at the time of application which may be between 0% to a maximum 3% or 5% (depending if it is your first or subsequent loan with FASTA).

Remember: The amount of interest Fasta charge you is determined by how much you want to borrow and how long you want to borrow it for. They will never charge a rate of interest that exceeds the regulatory maximum as set out in Chapter 5 of the National Credit Act 34 of 2005.

Fasta Loans Credit Score Check

Fasta are committed to responsible lending and want what is best for their customers. They will not offer you more credit than you can afford to repay and believe that taking out additional credit should only result in positive outcomes, not a prolonged financial burden.

FASTA will carefully evaluate your financial circumstances in terms of their lending criteria, which includes those required by the National Credit Act.

This is why Fasta check your credit rating with any of the national registered credit bureaux in South Africa.

Fasta Loans Initiation Fee.

This is a once-off fee they charge you for the opening of your FASTA loan account.  Youa able to pay this amount separately to them or they we will include it in your loan.

Fasta as a standard include this Fee in the instalment they quote you. Its is calculated as follows:

FASTA charge 10% on the loan value plus 15% VAT. This Fee is capped to a maximum of R 1059 plus 15% VAT.

Fasta Loans To Apply For Instantly

Fasta Loans
Fasta Loans Review

1. Fasta Checkout

Fasta checkout is a credit loan for you to pay for your online purchase at participating online retailer’s immediately.

• To Apply Simply select FASTACheckout as your payment option.

• Complete the online application process.

• On approval Fasta pay the retailer – you get the goods.

2. Fasta Cash

Fasta Cash is also a credit loan that is been paid into your bank account Instantly without any hassle and can be spent anywhere.

Click on ‘Apply now’ below to start your easy online application process.

3. Fasta Card

This is an enabled credit virtual card that is loaded with your loan amount which you can get immediately and can be spent anywhere online in SA where Mastercard is accepted and in-store using Snapscan directly or using Snapscan and Zapper via VodaPay.

Click on ‘Apply now’ below to start your easy online application process.

Why Fasta Loans?

1.The application process is self-service and entirely online

2. Outcome and funding provided in minutes

3. Repayments are made in up to 3 instalments

FASTA Loans delivers efficient and affordable access to a quick cash credit, in minutes.

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