Fasta - Quick Online Short-Term Loans in South Africa

FASTA is a registered South African credit provider (NCRCP10591) that gives access to financial resources within minutes. 

The company was founded in 2017, is based in the Western Cape, and focuses on digital financial solutions for South Africans. FASTA emphasizes fast approval, no queues, and no paperwork.

Loan Terms

• Loan amount: R800 to R15,000
• Repayment term: 1 to 6 months
• Interest rate: 3% per month, with an effective annual interest rate from 0% to 123%
• Fees: R138 initiation fee, R4.06 insurance fee, and R69 monthly service fee (first month may be waived)

Borrower Requirements

• Age: 18 years or older
• Identity: valid South African ID number (RSA ID)
• Bank account: account in your name with internet banking; FASTA supports ABSA, Capitec, FNB, Nedbank, Standard Bank, and TymeBank
• Contact details: valid email address and mobile phone number.

Does FASTA check credit score?

Yes. FASTA checks affordability and credit information before approving a loan. Your income, expenses and credit profile can affect the final decision.

How To Apply for a FASTA Loan

1. Use the sliders to choose your loan amount and number of months.
2. Click “Apply now!” and complete the online application form with your personal and financial details.
3. FASTA performs a credit check and affordability assessment within minutes.
4. You receive an offer within minutes; if approved, review and accept the offer.
5. Sign the electronic agreement; funds are transferred immediately after approval.
6. Payout: instant on business days; on weekends and public holidays, funds are paid on the next business day.

How To Repay a FASTA Loan

• Repayments are made monthly via debit order from your bank account on your agreed debit date.
• The total repayment amount, including interest and fees, is shown before you accept the loan offer.
• You can contact FASTA to update your debit order details or to discuss repayment difficulties.
• Keep your account funded on the debit date to avoid failed payments and additional charges.
• FASTA will send reminders before your debit date so you can ensure sufficient funds.

Key Features

• 100% online and paperless application process.
• Fast approval and funding, often within minutes.
• Flexible repayment terms of 1 to 3 months.
• Three products: cash loan, digital credit card, and BNPL at checkout.
• No branch visits, no queues, and no physical paperwork.
• Personalized loan offers based on your financial profile.
• Registered NCR credit provider, compliant with South African credit laws.
• Integration with major South African banks for internet banking verification.

Is FASTA a legitimate company?

Yes. FASTA is a legal South African credit provider. FASTA (Pty) Ltd is registered with the National Credit Regulator under NCR number NCRCP10591. Borrowers should still review the loan amount, fees, repayment term and debit order conditions before accepting an offer.

Representative example: Borrow R15 000 over 6 months at an annual interest rate linked to prime (28.75%). Initiation fee: R1 207.50. Monthly service fee: R69. Credit protection insurance: R68.48 per month. Maximum APR: 123%. Total amount repayable: R18 418.25.