Fasta loans Review 2024

Fast Loans Offers Payday Loans Ranging from R800 to R8,000, Repayable in 1-3 Months, with a Minimum Monthly Income Requirement of R6,000.

In order to be eligible for the Fasta Payday Loan, you must meet the following criteria:

1. Valid South African ID: You must have a valid South African ID number.
2. Age Requirement: You need to be 18 years or older.
3. Minimum Monthly Salary: Your minimum monthly salary should be R6,000 for the last 3 months.

Applying for a Fasta Loan online takes just a few minutes. The following section outlines the application process.

Fast Loan Application Process

1. Select Your Preferred Amount:
   • On the loan slider on your mobile phone, use the slider to choose the amount you wish to borrow and for how long.
   • Click on the “Apply now” button.
2. Complete the Quick and Easy Application:
   • Fill in all required details accurately on the application form. Providing accurate information will help speed up your online loan application.
3. Verification and Loan Offer:
   • Fasta Loan is a responsible lender, and verifying your affordability is crucial. They will conduct credit checks and verify the information you provided before presenting you with a loan offer.
4. Acceptance and Agreement:
   • If you are satisfied with the loan offer, you can accept it.
   • Sign your loan agreement electronically.
   • Once everything is in order, the approved loan amount will be deposited directly into your bank account.

For a quick way to apply for a fasta loan click on the apply button below.

How do Fasta loans work?

That is probably the first question you would ask yourself. Fasta operates as a credit checkout facility for online shoppers while providing instant loans to use at checkout on participating merchants. Although the company gives credit on checkout, it also has a credit facility.

Fasta loans offer 3 types of credit:

1. Cash in bank credit facility

Fasta deposits credit straight to your bank account. Depending on the bank that you use, the loan payout can reflect immediately after being approved. Application for credit takes approximately 3 minutes. If successful, the loan amount can be deposited in 5 minutes.

2. Checkout credit

Fasta Checkout credit provides credit when purchasing online. The credit can be used to make purchases at selected online retailers. Credit that can be used for this service is up to R8,000.00 with up to 4 months repayment period. 

3. Virtual Credit

Fasta provides customers with a virtual card that is loaded with credit ranging from R800.00 to R8,000.00. This credit can be used at any retailer that accepts Mastercard, SnapScan or Zapper payments. 

You can apply for these loans online and get approval within minutes.

FASTA Loans merchant partners

Knowing Fasta merchant partners is important if you are a user of their services. There are several in-store and online stores that you can buy from using Fasta. For both methods loan approval takes minutes.

Fasta Virtual Card Credit Partners

• SnapScan supported merchants.
• Zapper supported merchants.
• Any store that accepts Mastercard.

Fasta Checkout Retail Partners

• Dial a Bed,
• Michanic,
• Snapcraze,
• Mobile in Africa,
• Bees Hair,
• Phone Tradr,
• Furniture Spot,
• Cubot,
• Digicape,
• Bag Emporium,
• BU Co,
• Queens Park,
• Computer Mania,
• S.P.C.C, and
• Prime Persian.

Fasta Loans Competitive Advantages

• The website is easy to use with step by step instructions to complete an application.
• You can see how much your loan will cost you 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.

Fasta Loans Competitive Disadvantages

• There are no phone numbers so queries can only be lodged on the site.
• Loan amount can’t cover some of the products sold by merchants.

Web security and information security

• The Fasta loans website is certified clean by McAfee meaning it is highly secured.
• Their website is also powered by redblade software which is one of the best end-to-end digital platforms for credit providers and other businesses wanting to offer digital financial services to consumers.
• Fasta website is clean from malware, injected spam and defacements.

Fasta Loans provides a convenient and efficient online platform for individuals seeking short-term financial assistance. With a simple application process, quick verification, and responsible lending practices, Fasta Loans aims to meet the financial needs of its customers while ensuring affordability and transparency. However, it’s important for borrowers to carefully review the terms and conditions, including interest rates and repayment terms, before committing to a loan. By borrowing responsibly and making informed decisions, individuals can effectively utilize Fasta Loans as a valuable resource during times of financial need.