Fasta Loan is an innovative loan provider that provides easy credit to South Africans. Sometimes life throws unexpected curveballs and when this happens, you need financial assistance from a company that understands your situation.
Due to the diversity of people in South Africa, Fasta offers a range of credit options so prospective customers have the freedom to choose the option that is most suitable. Whether you need a quick loan or merchant vouchers, we have the solution for you.
About Fasta Loans
FASTA Loans, a South African Fintech startup founded in 2017, offers an instant loan service for both online and in-store purchases. Fasta loans range from R500.00 to R8000.00, with interest rates of 3% per month.
The company is headquartered in Western Cape, South Africa, and provides a wide range of credit services. These include credit at the point of purchase, E-Commerce Credit, Instant Online Credit, secure digital lending, and scalable technology.
How do Fasta Loan work
This is probably the first question you would ask yourself. Fasta serves as an online credit checkout facility that provides online shoppers with instant loans to use at participating merchants. Although the company offers credit on checkout, it also offers credit.
Types of Credit service they offer
Fasta loan offers three major types of credit. They include;
- Cash in bank credit facility
Fasta deposits credit directly into your bank account. Depending on the bank you use, the loan payout may be reflected immediately after being approved. An application for credit takes about three minutes. The loan amount can be deposited in 5 minutes if successful.
- In-store credit
Apply for in-store credit by going to www.fasta.co.za, then clicking on In-Storage Credit. Upon approval, you receive a credit voucher that you can use immediately. The voucher can be redeemed at any participating in-store merchant’s till.
- Online credit
By selecting FASTA instant credit at checkout, you can pay using the merchants’ online stores. Using this credit, the money goes straight to the merchant and FASTA pays them immediately so you can get the goods as soon as possible.
You can apply for these loans online and get approval within minutes.
Fasta Loan’s minimum/maximum amount
A Fasta loan can range from R500 to R8000, so you have to determine how much you want to borrow based on the amount handled to determine the loan amount.
In order to make instalments, you need to choose the number. Instalments range from 1 to 3 and show how much you will be required to pay per instalment.
How to apply for a fasta loan
- Go to Fasta by clicking here
- Choose the type of loan that you want either in-store credit or cash in the bank.
- If you want online credit, you will have to go to the store where you want to purchase then select items that you want to purchase. On checkout, select FASTA instant credit as your payment method then apply for approval.
- If you have used the FASTA website before then login to start your application. If you are new, you must register your name, surname, and password to begin the application process.
- Next, you must register your billing address.
- Fasta requires your financial details, which include your monthly salary, credit card fees, and living expenses. Other things needed are employer name, years with the current employer, and the salary date.
- Upon entering your information, the Fasta operating system will calculate how much you can afford for a loan. If you wish to change the number of payment(s) and the loan amount, you can adjust your offer.
- Then you will select the bank where your salary gets deposited.
- After choosing a bank then either use your login details so that FASTA can access your bank statement or you can opt to upload a statement.
Advantages of choosing Fasta Loan
In addition to their popular personal loans, FNB also offers mortgages. Here are a few reasons why:
- There is a clear and step-by-step process for completing the application on the website.
- Prospective applicants can see how much a loan will cost them before making an application.
- The approval rate is fast
- FASTA loans are accredited by the national credit regulator.
- There are a variety of loans to choose from.
- You get a chance to check your credit score on your profile for free. Tips on how to improve your credit score are given on the website.
- Hellopeter is featured on every webpage so that people can see what other people think of Fasta loans.
- You have a choice of paying for some or all of your purchases using Fasta loans.
Conclusion
Fasta Loan is an innovative loan provider that offers easy credit to South Africans. They realize no one wants to deal with a lengthy application process when you need credit most.
To make the application process as convenient as possible for our customers, they have created a streamlined, technologically advanced application.