Fasta: Who are them?
In today's fast-paced world, access to swift and responsible financial services can make all the difference. Fasta, a South African lender, stands tall in this landscape, driven by its purpose to provide South Africans with fast and simple access to financial resources, anytime, anywhere. Fasta's advanced, world-class technology enables them to offer credit in mere minutes, which customers can use both online and in-store. This service is not only efficient but also highly accessible , aligning with Fasta's mission to simplify the lending process for their customers.
One of the key features of Fasta is their fully automated decision-making engine . This innovative tool facilitates an entirely online, self-service, and paperless application process. Customers can access it directly from Fasta's website or via partner retailers' sites, making the process incredibly convenient.
However, it's not just the convenience that sets Fasta apart. The company has pioneered an effortless customer journey that enables real-time interaction . This secure, user-friendly interface ensures that customers can confidently complete their online or in-store purchases on-demand.
At the heart of Fasta's operations is a commitment to responsible lending. The company builds trust with its customers through transparent lending practices and is dedicated to bringing innovative financial products to the market. All loans granted by Fasta comply with the National Credit Act (NCA) regulations, and the financial circumstances of customers are always carefully evaluated. This responsible approach ensures that customers don't bite off more than they can chew, fostering long-term financial health and stability.
Adding to the convenience factor, Fasta provides access to financial resources within minutes . Customers can apply for a loan ranging from R800 to R8000 and repay it over 3 months. This quick access to credit combined with a loan application process that takes less than 5 minutes to complete, allows Fasta to cater to their customers' needs swiftly and efficiently. Upon approval, the loan is disbursed immediately, ensuring customers can get what they need when they need it. This commitment to swift and convenient service positions Fasta as a go-to lender for many South Africans.
Which are the main Fasta´s products?
Fasta offers three main products, each designed to meet specific customer needs while maintaining the company's promise of quick and convenient service: FASTACash, FASTACard, and FASTACheckout.
FASTACash
Is a cash loan solution that deposits funds directly into your bank account. The entirely online application process, which takes less than 5 minutes, is a testament to Fasta's commitment to simplicity and efficiency. Upon approval, the loan amount is transferred to your bank account immediately. While it can take up to 48 hours for the funds to be available depending on the bank, this service still offers a speedy way to access cash when needed.
FASTACard
On the other hand, represents a modern solution for credit. As a 'buy now pay later' digital card backed by Mastercard, it allows customers to enjoy credit loaded onto a virtual card. This product makes safe and secure online transactions possible, along with in-store purchases using payment apps like SnapScan, Zapper, and Masterpass. Customers can also pay for services using banking and payment apps, ensuring that FASTACard is as versatile as it is convenient.
FASTACheckout
Is designed specifically for online shopping. This product gives customers credit when they're ready to pay for their goods at checkout. By selecting FASTACheckout as a payment option, customers can complete their credit application via the retailer’s website. The costs of the loan are displayed automatically, assisting customers in choosing the most affordable option. Once approved, funds are paid directly to the retailer and the goods are sent to the customer.
Each of these products embodies Fasta's commitment to providing quick, simple, and convenient financial resources to South Africans. They exemplify how Fasta's advanced technology and responsible lending practices can create a seamless, user-friendly experience, making financial resources more accessible for everyone.
How it works?
Applying for a loan with Fasta is a quick and simple process , designed to be as convenient and accessible as possible for customers. To begin, customers select their preferred loan amount using a slider on the Fasta website. This tool allows them to specify exactly how much they need and for what duration, providing a customized experience right from the start.
Once the loan amount and term have been decided, the next step is to click on ' Apply Now ' and complete the application. This involves filling in personal details accurately, a step that is crucial to speeding up the online loan application process.
After submission, Fasta takes over the reins. As a responsible lender, Fasta considers customer affordability as a top priority. To ensure this, they conduct thorough credit checks and verify customer details. These precautions ensure that the loan offer aligns with the customer's financial capacity, reinforcing Fasta's commitment to responsible lending.
Once the loan offer is given, the customer then has the power to accept it . After accepting the loan offer and signing the loan agreement, the cash is immediately deposited into the customer's bank account. This seamless and efficient process, which balances speed with responsible lending practices, is a testament to Fasta's commitment to providing South Africans with quick and easy access to financial resources.
How long does Fasta take to pay?
Fasta has prided itself on the efficiency of its application process, with their quickest recorded instance taking under 5 minutes from application to the release of funds. Generally speaking, it typically takes about 5 to 10 minutes to navigate through the application process. Once approved, Fasta promptly sends the funds to the client's bank. However, the availability of the cash in the client's account may vary, potentially taking up to two full days depending on the policies and processing times of the recipient's banking institution.
What are the requirements to apply for a loan?
To apply for a loan with Fasta, customers need to meet certain requirements. These are designed to ensure responsible lending practices while keeping the application process straightforward:
Valid RSA ID Number
Applicants must have a valid South African ID number, verifying their identity and legal status in the country.
Age Requirement
The applicant must be at least 18 years old. This ensures that only legal adults are applying for loans, as required by law.
Internet Banking
Applicants need to have access to internet banking. This is essential for the digital nature of Fasta's services, enabling the online application process and digital loan management.
Verifiable Income
Applicants must be able to provide evidence of a consistent income over the last 90 days. This confirms the applicant's ability to repay the loan and is a key component of Fasta's responsible lending policy.
Is Fasta trustful?
Trust is a cornerstone of any financial institution, and Fasta is no exception. As an accredited entity of the National Credit Regulator (NCR) , with registration number NCRCP10591, Fasta operates with a level of credibility and trustworthiness that sets it apart in the South African financial landscape. This accreditation not only ensures that Fasta's practices align with regulatory standards but also demonstrates its commitment to responsible and transparent lending. Customers can be assured that their financial circumstances are always carefully evaluated, and loans are granted in strict compliance with NCR regulations. Furthermore, Fasta's world-class security measures , coupled with its partnership with recognized payment platforms, instill confidence in its ability to provide safe and secure transactions. Therefore, Fasta's NCR accreditation, its innovative products, and its commitment to secure and responsible lending solidify its status as a highly trustworthy lender in South Africa.
Some Fasta loans reviews
Evaluations of a product or service are significantly informed by customer reviews. However, it's crucial to remember that customer experiences can widely vary. While some patrons may encounter subpar experiences, others might enjoy exceptional service. As such, reviews should be seen not as definitive judgments, but rather as indicative markers reflecting a range of customer experiences. They offer a general sense of the quality one can anticipate, but they do not guarantee a specific experience for every individual. You can read in here some reviews.
Fasta loans contact details
Address Headquarters
Dock Road Junction, cnr Stanley & Dock Road, V&A Waterfront, Cape Town, 8001, Cape Town, South Africa
support@fasta.co.za
Telephone
087 470 0400