FASTA provides customers with instant access to credit.
We understand that finances can become a matter of concern, especially when payday is still a few days or weeks away.
We offer payday finance that empowers our customers to purchase the goods they need when they need it. With our instant cash loans or merchant vouchers, you can make purchases in-store or online anywhere in South Africa.
Who we are
At FASTA we offer customers a new payment method for purchases with our dynamic Fintech business model. FASTA is a responsible lender and registered credit provider that offers financial assistance in compliance with the National Credit Regulator.
Our offices are situated in Green Point, Cape Town, but we offer financial assistance nationwide. The application process is easy and everything is done online, which provides you with easy access to credit any time you need it.
Quick access to credit
Our innovative, streamlined, technological application process offers customers easy access to finance. You can apply for one of our payday loans anywhere at any time. FASTA empowers customers with instant access to credit when they need it most.
All you need is a laptop, phone, or tablet. The process is quick and easy and we provide customers with access to credit in minutes.
As our process is fully automated all applications are dealt with in real-time. No human intervention makes it possible to provide feedback and finalize your application in under 5 minutes.
Each application is considered on its merit. That means we charge interest according to your unique credit profile.
Our website offers a loan calculator. You can use this to determine the amount of credit you need and decide how you’d like to repay the loan.
Simply use the slider to choose the credit amount and the instalment option that would suit you best.
We offer credit of up to R8000. Payment terms are from one to three months.
It's short-term credit for people who do not want to be tied down with lengthy credit commitments.
Applicable fees when taking out a FASTA loan
All fees associated with your credit is calculated into the monthly repayments.
We charge a once-off fee for the opening of your FASTA loan account. This fee is 10% of the value of the payday loan plus VAT.
The monthly service fee is R60 per month and is charged for the administration and maintenance of your account, including debit order processing and statements.
The monthly service fee is also already included in the instalment quote.
Interest rate tailored to you
The interest rate is fixed and varies between 0% to a maximum of 3% to 5%. All interest charges are in strict compliance with the National Credit Act.
FASTA – Payday loan
- Loan Type Payday loans
- Loan Amount up to R8,000
- Repayment 4 months
Benefits of FASTA
- Online loan applications
- Repayments in 3 instalments
- Get a loan within minutes
Payday loan calculator
To apply for credit from FASTA, we’ll ask you to submit the following documentation
- A copy of your valid South African ID document. You need to be 18 years or older to apply.
- A bank statement. The bank account needs to be active and in your name.
- Your three months’ bank statement needs to reflect your salary deposits.
The technology we use makes it easier for you to complete the online loan application process. If you prefer, you can give us consent to access your bank statement directly.
This will save you the time and the inconvenience of downloading bank statements and uploading them. This is another way we use smart technology to make it easier for our customers.
A simple application process
All applications are done online. Using the loan calculator, you select the amount of cash you need and choose the payment option that suits you best.
The total cost of our payday loans will be displayed to help you choose the most affordable option. We’ll then guide you through the simple application process and tell you what information we’ll need to finalize it.
Once approved, the cash value of your loan will be paid into your chosen bank account so you can pay any merchant where you’re purchasing goods. Depending on your chosen bank you could have your payday loan in your account within minutes.
Instant vouchers for online and in-store purchases
At FASTA we partnered with wigroup to create a unique way for our customers to shop at participating retail stores and online retailers. Once your quick online loan is approved the money is paid instantly onto an electronic voucher.
You can use this voucher at any of our participating merchants. A detailed list of merchants is available on our website, and we’re constantly expanding our participating merchants to offer you the best shopping experience.
Customer Reviews & Testimonials
I was so surprised at how quick and easy I received money. Month end is sometimes a difficult time and you made it easier for our family.
— Middelburg —
Unforeseen expenses nearly crippled me. My son’s birthday was also coming up and I felt really desperate and sad. Thanks to FASTA I was able to surprise him with a voucher that he used for his dr...
— Upington —
Such a quick application process. Did not need to run around to banks to get statements and stamps or anything. Real pleasant experience.
— Kimberley —