Quick Facts About Fasta Loans

• NCR registered credit provider (NCRCP10591)
• Loan amounts: R800 to R8,000
• Repayment: 1 to 3 months
• 100% online application process
• Minimum income: R6,000 per month

What Is Fasta Loans?

Fasta (Pty) Ltd is a digital finance company in South Africa. They offer short-term loans to help people with quick cash needs. The company was founded in 2017 and operates from Cape Town.

Fasta is registered with the National Credit Regulator (NCR). Their registration number is NCRCP10591. This means they follow South African credit laws. They must treat customers fairly and responsibly.

The company specialises in small, quick loans. You can borrow between R800 and R8,000. The entire process happens online. You don’t need to visit a branch or office.

The company uses technology to make decisions fast. Most applications get approved or declined within 5 minutes. If approved, money can reach your account quickly. Some customers get funds in under one hour.

Fasta partners with retailers and online shops. This allows you to use credit at checkout. The company also works with debt collection agencies. They will contact you if you miss payments.

✅ Three Types of Fasta Loans

Fasta offers three different ways to get credit. Each one works differently. Choose the option that fits your needs.

1. FASTACash

This is a cash loan paid into your bank account. The money goes directly to your savings or cheque account. You can use it for anything you need.

How it works:

• Choose your loan amount (R800 to R8,000)
• Pick your repayment period (1 to 3 months)
• Apply online
• Get instant approval
• Money arrives in your account

Example: You need R2,000 to fix your car. You apply for FASTACash. Within minutes, the money is in your account. You pay it back over 2 months.

2. FASTACard

This is a virtual Mastercard loaded with credit. You can use it anywhere that accepts Mastercard. This includes shops and online stores.

How it works:

• Apply for a FASTACard
• Get approved instantly
• Receive virtual card details
• Use card for purchases
• Repay over 1 to 3 months

Example: You want to buy a phone online for R5,000. You use your FASTACard to pay. The phone ships immediately. You pay back the R5,000 in 3 monthly instalments.

3. FASTACheckout

This option works at partner stores only. When shopping online, you choose Fasta as payment. The company pays the store. You repay Fasta later.

How it works:

• Shop at a partner retailer
• Add items to your cart
• Choose Fasta at checkout
• Complete quick credit application
• Purchase completes immediately
• Repay over agreed period

Example: You’re buying a mattress from Dial-a-Bed for R4,000. At checkout, you select FASTACheckout. You get approved. The order processes. You pay Fasta back over several months.

Requirements to Qualify for Fasta Loans

You must meet these requirements to apply for a Fasta loan. The company checks all requirements before approval.

Requirement	Details
Age	18 years or older
Citizenship	South African citizen with valid ID
Employment	Employed with regular income
Minimum Income	R6,000 per month for 3 months
Bank Account	Account with ABSA, FNB, Nedbank, Standard Bank, Capitec, or TymeBank
Internet Banking	Must have access to internet banking
Contact Details	Valid email and mobile number
Affordability	Must be able to afford repayments

Documents You Need

Most applications don’t need documents. If you use internet banking, Fasta gets information automatically. But keep these ready just in case:

• Your South African ID number
• Proof of income (payslip if requested)
• Bank statements (only for loans over R5,000)
• Proof of residence (sometimes required)

Who Cannot Get Fasta Loans?

• People under 18 years old
• Non-South African citizens
• People earning less than R6,000 monthly
• Those without a bank account at approved banks
• People under debt review (debt counselling)
• Those who cannot afford repayments

Fasta evaluates your income and expenses. They won’t approve loans that cause financial hardship. This follows National Credit Act rules.

✅ How to Apply for Fasta Loans

The application process is fast and simple. Most people complete it in 3 to 5 minutes. Follow these steps carefully.

Step-by-Step Application Process

Step 1: Visit Fasta Website

Go to www.fasta.co.za on your phone or computer. The website works on all devices. Make sure you have stable internet.

Step 2: Choose Your Loan Type

Select FASTACash, FASTACard, or FASTACheckout. Pick the option that matches your needs. Each has different features.

Step 3: Select Loan Amount

Use the slider to choose how much you need. You can borrow R800 to R8,000. The calculator shows your monthly payment.

Step 4: Choose Repayment Period

Pick 1, 2, or 3 months to repay. Shorter periods mean higher monthly payments. Longer periods cost more in total.

Step 5: Click “Apply Now”

The green button takes you to the application form. Make sure you’re happy with the loan terms first.

Step 6: Register Your Profile (First Time Only)

Enter your South African ID number. Provide your contact details. Create a username and password. Returning customers just log in.

Step 7: Connect Internet Banking

Link your bank account using internet banking. Fasta uses this to verify your income. This replaces document uploads.

Step 8: Submit Application

Review all information carefully. Click submit. The system evaluates your application immediately.

Step 9: Get Decision

You receive approval or decline within 5 minutes. Approved applications move to the next step automatically.

Step 10: Sign Loan Agreement

Read the loan contract carefully. It shows all fees and costs. Sign electronically to accept.

Step 11: Set Up Debit Order

Authorise Fasta to collect monthly payments. The debit order runs automatically on your payday.

Step 12: Receive Your Money

Funds arrive quickly after approval. FASTACash goes to your bank account. FASTACard loads onto your virtual card. Timing depends on your bank.

How Long Does It Take?

Process Step	Time Required
Application completion	3-5 minutes
Approval decision	1-5 minutes
Money in account (FASTACash)	Instant to 48 hours*
Card activation (FASTACard)	Instant

*Bank processing times vary. Most customers receive funds within 1 hour. Some banks take up to 48 hours.

⚠️ Costs and Fees Breakdown

Understanding costs is crucial before you borrow. Fasta charges several fees on top of the loan amount. Read this section carefully.

Standard Fees (as of December 2025)

Fee Type	Amount	When Charged
Initiation Fee	R86	Once, when loan is approved
Service Fee	R69	Once, when loan is approved
Credit Protection Fee	R6.33	Monthly (mandatory)
Interest Rate	3% per month	Monthly on outstanding balance

Real Cost Examples

These examples show what you actually pay back. All amounts are in South African Rand for December 2025.

What Is Credit Protection?

The R6.33 monthly credit protection fee is mandatory. You cannot opt out. This insurance covers your loan if:

• You die unexpectedly
• You become permanently disabled
• You lose your job (retrenchment)

The insurance protects your family from debt. It follows Chapter 5 of the National Credit Act.

Advantages and Disadvantages of Fasta Loans

Every loan product has positives and negatives. Consider both sides before applying. This helps you make a smart choice.

✅ Advantages (Good Points)

✓ Very Fast Approval Most applications approved within 5 minutes. No waiting days for answers.

✓ Quick Money Access Some customers get funds in under 1 hour. Maximum wait is 48 hours.

✓ No Paperwork Required Internet banking replaces document uploads. No scanning or posting papers.

✓ Fully Online Process Apply from home at any time. No branch visits needed.

✓ NCR Registered Legitimate lender following South African laws. Consumer protections apply.

✓ Three Loan Options Choose cash, card, or checkout payment. Flexibility for different needs.

✓ Transparent Costs All fees shown before you sign. No hidden charges.

✓ Lower Interest Than Payday Loans 3% monthly is better than many short-term lenders. More affordable option.

✓ Flexible Repayment Choose 1, 2, or 3 months. Pick what fits your budget.

✓ Bad Credit Considered Poor credit history doesn’t automatically disqualify you. May still get smaller amount.

❌ Disadvantages (Problems)

✗ Small Loan Amounts Maximum R8,000. Not suitable for large expenses. Cannot buy car or cover major costs.

✗ Short Repayment Period Only 1-3 months to repay. High monthly payments. Can strain budget.

✗ Expensive Interest 3% monthly equals 27% yearly. Much higher than regular bank loans.

✗ Multiple Fees Initiation, service, and protection fees add up. Increases total cost significantly.

✗ Mandatory Credit Protection Cannot remove R6.33 monthly insurance fee. No choice to opt out.

✗ Limited Bank Support Only works with six banks. If you bank elsewhere, cannot apply.

✗ Requires Internet Banking Must have online banking access. Excludes people without this service.

✗ High Income Requirement R6,000 monthly minimum. Many South Africans earn less. Excludes low-income earners.

✗ Poor Customer Service Reviews Many complaints about slow responses. Hard to get help when problems arise.

✗ Debt Cycle Risk Easy access may lead to over-borrowing. Short-term loans can create long-term debt problems.

🚨 Critical Scam Warnings and Safety Tips

Loan scams are common in South Africa. Criminals pretend to be Fasta. They steal your money or personal information. Protect yourself by knowing the warning signs.

🚨 Red Flags: How to Spot Fake Fasta Scams

✅ How to Protect Yourself

1. Verify NCR Registration Check the National Credit Regulator website. Fasta’s number is NCRCP10591. Visit www.ncr.org.za to confirm.

2. Use Official Website Only Go to www.fasta.co.za directly. Type it yourself. Don’t use Google ads or links from emails.

3. Call Official Number Fasta’s real number is 087 470 0400. If someone gives you a different number, it’s a scam.

4. Never Share OTP Codes One-Time PIN codes are for you only. Real Fasta never asks for your OTP. Scammers use OTPs to access your bank.

5. Protect Internet Banking Don’t give anyone your internet banking password. Fasta sees your transactions but cannot access your account.

6. Report Suspicious Activity If you suspect fraud, report immediately. See contact numbers below.

Where to Report Scams

Organisation	Contact
SABRIC (South African Banking Risk Centre)	083 123 7226 www.sabric.co.za
SAFPS (SA Fraud Prevention Service)	0860 101 248 www.safps.org.za/yima
National Credit Regulator	0860 627 627 www.ncr.org.za
Your Bank	Call your bank immediately if money was stolen

Alternatives to Fasta Loans

Fasta isn’t your only option. Other lenders offer different amounts, terms, and rates. Compare before deciding.

Other Short-Term Loan Providers

Lender	Loan Amount	Repayment Period	Key Feature
Capitec Personal Loan	R1,000 – R500,000	1 – 84 months	Lowest interest rates, larger amounts, longer terms
African Bank	R2,000 – R500,000	6 – 84 months	Accepts bad credit, flexible terms
Nedbank Personal Loan	R2,000 – R400,000	6 – 72 months	R200 monthly cashback, zero-interest option up to R6,000
FNB Temporary Loan	Varies by account	1 – 3 months	For existing FNB customers only, quick approval
Bayport Financial Services	R1,000 – R250,000	6 – 84 months	Competitive rates, flexible options

When to Choose Each Option

Free Alternatives to Consider

Before taking any loan, consider these options. They cost nothing:

• Ask family or friends: Borrow from people who care about you. Agree on repayment terms in writing.
• Use your savings: If you have emergency savings, this is the time to use them.
• Sell unused items: List things on Facebook Marketplace or Gumtree. Get money without debt.
• Negotiate payment plans: Many service providers allow you to pay in instalments. Ask before borrowing.
• Stokvel loans: If you’re in a savings club, members may help each other with interest-free loans.
• Employer advance: Some companies give salary advances. Ask your HR department.

Important Contact Information

Fasta Official Contacts

Website	www.fasta.co.za
Phone	087 470 0400
Email	support@fasta.co.za
Physical Address	Suite 307, Sovereign Quay 40 Somerset Road, Green Point Cape Town, 8005
NCR Number	NCRCP10591

Consumer Protection Contacts

National Credit Regulator	0860 627 627 www.ncr.org.za
Financial Sector Conduct Authority	0800 110 443 www.fsca.co.za
Banking Ombudsman	0860 800 900 www.obssa.co.za
National Consumer Commission	0860 003 600 www.thencc.gov.za
SABRIC (Fraud Reporting)	083 123 7226 www.sabric.co.za

Fasta Loans is a legitimate, NCR-registered lender. They provide fast access to small amounts. The service works well for urgent, short-term needs.

Use Fasta if: You need R8,000 or less within hours. You can repay within 1-3 months. You have stable income above R6,000 monthly. You understand the costs involved.

Avoid Fasta if: You need more than R8,000. You cannot afford high monthly payments. You need longer repayment terms. You’re already struggling with debt.

Before applying: Calculate exact costs. Compare with other lenders. Check if you qualify. Make sure you can afford repayments. Have a repayment plan.

Remember: Short-term loans cost more than regular loans. Only borrow what you truly need. Never take loans to pay other loans. This creates a debt trap.

Consumer protection: You have rights under South African law. Fasta must treat you fairly. They cannot harass you. If you have problems, contact the NCR or Banking Ombudsman.