1. Make sure you meet the minimum criteria
At FASTA, we aim to provide South Africans with access to financial resource, simply and quickly, who understand the total cost of quick loans. Through our advanced technology, our online loan application process has the ability to give you an outcome and, if you are approved, funding in minutes, as long as you meet the following minimum criteria:
- A valid South African ID number
- Be between 19 and 65 years old
- Have access to internet banking
- Verifiable income for the last 90 days
- Ability to repay the loan, this will be automatically calculated by our advanced technology
Remember to have your salary paid into the same bank account every month so that you have an income track record to submit for your FASTA loan application, and that your internet banking is active.
2. Check your credit score
Your credit score will impact whether your loan application is successful or not, and what your loan repayment terms and interest will be.
Make sure that you meet your monthly credit obligations to improve your credit score, and keep your credit utilisation low. These are just some of the factors that affect your credit score, and you should keep an eye on these. Also, check your credit score before making a loan application so that you can make the necessary changes, if required. You can check your credit score for free with our partner, ClearScore.
3. Be honest getting a FASTA loan application
Honesty is the best policy, and when it comes to your FASTA loan application you shouldn’t provide any misleading information. Be honest when stating your income and expenses you currently have because if you over or underestimate these figures, it could lead to your loan application being rejected.
4. The Loan Application Process, 3 Tips
During the loan application process you can increase your chances for getting approved if you have:
- 3 months bank statements that indicate a proof of income
- A South African ID number
- A South African phone number
Loanscan provide quick access to funds to those who can afford to repay a loan on time. The approval process with FASTA takes minutes and an online application, if you are approved you can get a personal loan that you can repay up to 3 months. A higher credit score can improve your chances of loan approval. Different lenders have different policies and with FASTA securing a quick loan can take minutes and guaruntees a safe a secure process.
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