We often see adverts for instant cash loans online, but is it really possible to get an instant loan in 2024? The short answer is…no. Many lenders promise instant cash loans to their customers but in all cases, this is not true.
‘Instant cash loans’ that are offered online might be much faster than ‘traditional’ loans, but it still takes time for every loan provider to process your application, analyse your loan affordability, and arrange repayments. Even the fastest ‘instant cash loan’ provider in South Africa will take some time, with no guarantee of a same day deposit into your bank account.
FASTA is the closest thing to instant cash loans
At FASTA, we won’t make promises to you that we cannot deliver. We understand that sometimes you need to get cash instantly, so we’ve worked hard to ensure our instant cash loans are easy, fast and convenient.
We’re the closest you’ll find to an online instant cash loan provider with our easy-to-use application process. You don’t need to send us any physical paperwork or make any phone calls. The whole instant cash loan application process can be accessed from start to finish on your computer, tablet or smartphone (as long as you have an internet connection). You can read more on what personal information is required to apply for an instant cash loan in our FAQs.
How quickly do I receive instant cash loans from FASTA?
While not quite ‘instant’, our instant cash loans are quick and incredibly simple to apply for. We’ll make sure that any cash you decide to borrow is in your bank account as quickly as possible. As soon as your instant cash loan application has been approved, the funds are disbursed into your bank account. This, however, depends on which bank you use and on which day of the week you apply. In these cases, it can take up to 48 hours for the funds to reflect in your bank account.
How do I get an instant cash loan from FASTA?
Before you apply, make sure that you have a valid South African ID number, are 18 years or older, access to internet banking, and verifiable income for the last 3 months.
Once you have these, you can apply online for an instant cash loan by visiting the FASTA homepage. Use the sliders to adjust your loan amount and choose the length of time you want to repay the loan. You’ll then see the total fees and interest, and total repayment amount. This allows you to understand the exact cost of your instant cash loan before you make the commitment. As a responsible lender, FASTA wants to be 100% transparent with you, which is why this is the first step in the online loan application process.
Our instant cash loans are different from a payday loan
FASTA is different from other lenders because of the level of flexibility we offer with our instant cash loans. FASTA offers flexible short term loan options. These start from as small as R800 and up to R8000, repayable in up to 3 monthly instalments. FASTA offers this flexibility because we want you to be in total control of your finances, and FASTA can help you do that. Most importantly, FASTA will never encourage you to borrow more money than you can comfortably afford.
Our instant cash loans have a lot to offer
You can find a range of financial wellness, budgeting and credit use advice on the FASTA website. This is because we believe in responsible lending, transparency and providing financial and educational resources to all South Africans.
While an instant cash loan might be impossible for any online lender to provide, we do offer fast, affordable, and convenient cash loans. Learn more about FASTA, how we’re different, and what makes our online cash loans simpler, better and faster.
