FASTA Loans is a South African Fintech start-up founded in 2017 whose primary focus is offering an online and in-store shopping purchases using instant loans. Fasta loans range from R500.00 to R8000.00 with an interest of 3% per month.
Founded in 2017 and headquartered in Western Cape South Africa, Fasta specialises in Credit at check-out, E-Commerce Credit, Instant online credit, secure digital lending, and scalable technology.
The company provides finance on selected online stores and in-store Marchants.
To ensure compliance, Fasta adheres to the NCA regulations meaning that loans will only be granted to individuals who are not financially distressed at the time of issuance of the loans.
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:
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.
Visit www.fasta.co.za, click on the In-store credit tab and then select the store to apply for in-store credit. With in-store credit, you get a credit voucher after approval which you can use immediately. The voucher can be used at any till of the participating in-store merchants.
At checkout, using the participating merchants’ online store, you can select to pay with FASTA instant credit. With this credit, the money goes straight to the merchant and FASTA pays immediately so you can access the goods as soon as possible.
You can apply for these loans online and get approval within minutes.
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.
• Cape Union Mart
• Tread + Miller
• Old Khaki
• Phone trader
• Power Bite
• Travel Check
• Epic Deals
• Auto Style