Fasta loans are short-term loans with a repayment period of one to three months. Their relatively short repayment period makes them more affordable to most consumers. They have a high interest rate of up to 27% and additional fees, but this makes them a viable option for consumers who don’t need the money right away.
To apply for a Fasta loan, https://best-loans.co.za/instant-loans/ you must be at least 18 years of age, have a valid South African ID, and have proof of income for the last 90 days. The application process is simple and takes only a few minutes. Depending on your circumstances, you can apply for a loan amount between R500 and R8000. You can choose to make monthly or semi-monthly payments to pay off the loan.
The amount you borrow can range from R500 to R8 000, with repayments of up to three months. This loan is ideal for people with bad credit, as long as you can afford to repay it. The loan processing time can be as little as 24 hours, and once it has been approved, the money is available.
You can apply for a Fasta Loan online or through mobile banking. The application process is completely self-service and can be done from the company’s website. Alternatively, you can apply with a bank account through FastaCheckout. Once you’ve selected FastaCheckout as your preferred payment option, you can apply for a loan by filling out a short application form online. Once approved, the money is deposited in your bank account within minutes.
Fasta loans have many advantages. Besides being fast and convenient, they are easy to obtain. The loan can be disbursed directly into your bank account or to a virtual card that you use to pay for purchases online. In addition, you can choose how long you want to repay the loan. The maximum loan amount is R8,000, which is repaid over four months. Fasta loans will attract interest and transaction fees. The interest rate will be higher than credit card borrowing, but if you repay your loan over three months, it will be R1249.
