Short term loans are a popular financing solution in South Africa, offering an alternative to traditional payday loans. Typically applied for online, these loans extend up to three months, and can range from R500 to about R4000.
In instances where unexpected expenses or unplanned purchases arise, short term loans serve as a convenient resource, but obtaining them quickly can sometimes prove challenging. FASTA offers short term loans that streamline the loan application process for quick accessibility.
The demand for short term loans that offer flexibility and convenience has increased over the years. However, many existing short term loan providers options impose restrictions on borrowing amounts and penalise early repayments. Now, there’s a simpler, better and faster way to get fast funds at your fingertips – that’s with short term loan lenders, FASTA.
What Makes Other Short Term Loans Costly?
While several short term loan providers claim to bypass credit checks, this practice conflicts with National Credit Regulations. At FASTA, passing a credit check is a requirement for securing a short term cash loan, a process typically completed within seconds. Upon approval, funds are instantly deposited into your bank account, often within minutes of your loan application submission.
Empowering Financial Freedom
FASTA recommends using short term loans responsibly and when you need to. When it comes to unforeseen expenses, borrowing only what you can comfortably repay within a month.
In instances where expenses outweigh income and making ends meet becomes challenging, FASTA can help you bridge the gap by empowering you with access to funds quickly.
Applying for a Short Term Loan with FASTA
We’ve streamlined our online loan application process for your convenience. Follow these simple steps to apply for a short term loan:
- Go to www.fasta.co.za using your mobile phone, tablet, or desktop PC.
- Adjust the slider to choose your preferred loan amount (up to R8000).
- Choose your preferred loan duration (up to 3 months).
- Click “Apply now!” and complete the easy loan application.
- Have your internet banking details ready to submit your 3 months bank statement as proof of income.
- Upon approval, funds are deposited into your bank account within minutes.
- You repay the loan on time, to positively improve your credit score.
Conditions of a Short Term Loan Product with FASTA
- Our short term loans are precisely that – tailored for short term needs, with flexible repayment options. We encourage you not to use our loans to manage other existing debts.
- Late loan repayments may incur additional charges and potentially impact your credit score negatively. If you find yourself frequently relying on multiple FASTA loans, short term finance might not align with your financial strategy.
- To qualify for a FASTA loan, you must be a South African citizen with a valid South African ID number and a bank account in your name. You also need to be 18 years old or older, and have a valid mobile phone. Lastly, we require verifiable proof of income for the last 90 days.
