Fasta

Getting quick loans online has never been this easy.

Fasta provides you with an online application process that takes less than five minutes. They’re a registered financial services provider that welcomes all South Africans to apply for a really quick payout when they need it the most.

Fasta offers you payday loans of up to R8000 that can be paid off in one, two, or three installments. Their online application form is simple and secure. Fasta is upfront with their fees and interest charges.

They’ve put a loan calculator on their main page so that you can estimate what your loan will cost you. It’s important to mention that the loan calculator is set to calculate the loan amount at a 3% interest rate. While they’ll charge you a fixed interest rate, the amount will vary depending on your credit profile.

The three fees:

• Interest fees

Interest rates charged by Fasta are fixed. You’ll be charged between 0% and 5% based on your credit profile. Whether you’ve taken out a loan from Fasta before may also affect this.

• Initiation fee

Fasta charges an initiation fee of 10% before VAT. You can choose to pay the initiation fee upfront or have it included in your monthly installments.

• Monthly service fee

A monthly service fee is charged to cover any administration on Fasta’s end. This fee is R60 before VAT.

Your fees will also depend on how many installments you choose. The less time you take to pay off this loan the less it will cost you!

All you need to do is fill out their quick loan application. You can choose to allow them access to your bank statements online or you can use your online banking app to email them to Fasta. The entire process is quick and easy because it’s completely automated. Once you finish applying, your money could be paid out in minutes.

With Fasta, your quick loan is in the hands of professionals.

Their service is fast and secure and they offer you three ways to get and use your short-term loan.

Money directly into your bank account

With this option, you’ll have the amount you applied for paid directly into your account. The transfer time is dependent on your bank. You can then spend it anywhere you like.

Your virtual card

You can use your virtual card anywhere online that accepts Mastercard. Alternatively, you can use it in stores that use Snapscan either on its own or with Zapper through VodaPay. Credit is instantly available on your virtual card once your online loan application has been approved.

Check out

With this option, your Fasta loan is paid directly to the online store you’re buying from. This is only available for online purchases from participating stores. This payment is immediately made to the store.

You can also choose to use Fasta’s instant voucher. You can use this payment method in any of the stores that have partnered up with Fasta.

All you do is let the store clerk scan the voucher on your phone or read them the 12 digit voucher number that’s sent to you. Make your first purchase within seven days and any credit left over will be valid for three years.

Stores that accept Fasta payments include:

• Cellucity
• Keedo
• Powerbite
• Epicdeals
• Cuebot
• Travelcheck

Fasta is a responsible lender and your credit history will be checked before a loan can be extended to you. Higher-risk clients may be charged higher interest rates. If you have bad credit or have been blacklisted, Fasta may decline your loan application to protect both you and yourself.