At FASTA, our purpose is to provide South Africans with access to financial resource, quickly and securely. Our online short term loan application process is easy to complete, and in this blog post, we’ll give you a quick overview on how you can apply for a short-term online loan with FASTA.
Why should you apply for a short term online loan with FASTA?
- Our loan application process is entirely online, self-service and paperless.
- Your loan is disbursed upon approval, making it quick and convenient.
- You can access between R800 and R8000, and repay over 1, 2 or 3 monthly instalments.
- FASTA is a responsible lender and will only grant loans in compliance with NCA regulations.
What do I need to apply for a short term online loan with FASTA?
- Have a valid South African ID number.
- Be 19 years or older.
- Earn a minimum monthly salary of R6000 for the last 3 months.
- Have internet banking with a bank account in your name.
- Have a valid email address and mobile number.
How do I apply?
Go to www.fasta.co.za, select the amount you need and click on the “Apply Now” button to start your online loan application for either FASTACash or FASTACard. Follow the easy application process.
If you are successful and approved, your loan amount will be disbursed immediately. However, while you do receive the outcome of your loan application in minutes, payout is determined by when you applied for a loan:
- Immediate payout for applications done on a weekday.
- Payout is processed on the next business day if your application is done on a weekend or public holiday.
Thereafter it can take up to 48 hours for your loan amount to reflect in your bank account (if you applied for a FASTACash loan), but this depends on who you bank with.
Read our blog post for our 3 Tips to Increase Your Chances of Getting a FASTA Loan. Once you’ve been approved for a short-term loan, here is How to Plan for Your Loan Repayment.
