Fasta Loans is a South African-based lender offering quick and simple short-term loans, perfect for those in need of urgent financial relief.
Whether you’re faced with unexpected expenses or simply need extra cash flow, Fasta Loans allows you to borrow amounts between R800 and R8,000, with flexible repayment terms ranging from 1 to 3 months.
The entire application process is handled online, allowing you to receive funds without even leaving your home.
Fast Application Process
Applying for a Fasta Loan is incredibly straightforward. You simply visit the Fasta website, fill in your details, and choose your loan amount using their online calculator.
The approval process is quick, often within minutes, and you could have the money in your bank account the same day if approved.
Here’s a fun fact: Fasta also provides virtual credit, which can be used at participating merchants like SnapScan, Zapper, and Mastercard-approved retailers.
Whether you’re shopping or needing cash in hand, Fasta makes the process hassle-free.
Loan Terms and Interest Rates
Fasta Loans offers flexible terms. You can choose to repay the loan in full after one month or spread it out over three months, depending on what works best for you.
Interest rates are competitive, typically around 5% per month, and are calculated based on your credit profile and the amount borrowed.
Fasta Loans is a responsible lender, compliant with the National Credit Regulator, ensuring that loans are only granted to individuals who can afford them.
However, keep in mind that Fasta conducts credit checks and affordability assessments to determine your loan eligibility.
How to Apply
Applying for Fasta Loans is as simple as logging into your profile on their website (using the Fasta loans login feature). Here’s what you’ll need:
- A valid South African ID
- Three months’ worth of bank statements
- Your most recent payslip
With these documents, your application can be processed swiftly, and if approved, the loan amount is deposited into your account.
The process is so quick that you could receive the money in just five minutes.
No Credit? No Problem!
One of the best things about Fasta Loans is that it is possible to apply without a credit check in some cases, particularly for their virtual credit product.
This makes it an attractive option for individuals who might not have the best credit score but still need access to short-term credit.
Key Benefits
- Quick approval: Get your loan approved in minutes and receive funds the same day.
- Flexible repayment options: Choose between one to three months to repay your loan.
- Transparent costs: Fasta provides clear breakdowns of all fees and interest rates before you apply.
- No hidden charges: You only pay for what you borrow, with no surprise fees.
How to Repay
Once you’ve borrowed the money, repayment is just as easy. You can set up a debit order, use online banking, or pay via ATM.
It’s crucial to ensure payments are made on time to avoid additional charges and to maintain a good standing with the lender.
Frequently Asked Questions
Q: Can I apply for a loan without a credit check?
Yes, some Fasta loan products, like virtual credit, don’t require a credit check, making it accessible for those with poor or no credit.
Q: How long does it take to get approval?
The application process typically takes about three minutes, and once approved, funds can be deposited in as little as five minutes.
Q: What’s the maximum amount I can borrow?
You can borrow up to R8,000, repayable over a maximum of three months.
Q: What happens if I can’t repay on time?
If you’re struggling with repayment, it’s essential to contact Fasta immediately to avoid additional fees and potential legal action.
Takeaway
This lender provides an efficient, fast, and flexible solution to your short-term financial needs.
With an easy online application process, quick approval times, and flexible repayment options,
it’s an excellent choice for anyone in need of a little financial boost.
Just remember to borrow responsibly and ensure that you can meet the repayment terms.