FASTA offers a quick and convenient solution for anyone in South Africa needing short-term funds. With loans ranging from R8,000 up to R15,000, borrowers can enjoy flexible repayment terms—from one to six months, depending on the product selected. Interest rates start from 3% per month, along with transparent fees such as an initiation fee and a monthly service charge. Approvals are usually quick, and funds can be deposited in your bank account within minutes, subject to affordability checks.

How to Apply for a FASTA Loan

1. Select the amount required using the online slider.
2. Choose your preferred repayment term (up to 6 months).
3. Complete your details, including proof of income and online banking access.
4. Submit your application for instant assessment.
5. Upon approval, funds are paid directly to your bank account.

Benefits of FASTA Loans

Borrowers appreciate the simple, online application and rapid approval process. FASTA also gives the flexibility to select both loan amount and number of instalments, allowing for tailored financial solutions.

The availability of both cash and digital credit card options makes it easy for customers to access the form of credit best suited to their needs—whether for direct deposit or in-store shopping.

Downsides to Consider

While the convenience is appealing, the monthly interest rate may result in a high APR, especially for longer-term or larger loans. Borrowers with tighter budgets might struggle with the total monthly repayments.

There are also required initiation and service fees to be aware of, which add to the overall repayment amount. These costs should be factored in before accepting a loan offer.

Our Verdict

As an unbiased reviewer, I find FASTA suitable for those who need funds quickly and value flexibility. Make sure you can comfortably afford the repayments, and always review the fee breakdown. If you meet the simple eligibility criteria, FASTA could be a convenient option for short-term borrowing.