FASTA Personal Loans

FASTA personal loans, on your phone

Choose your loan amount and repayment period, apply in minutes and get a decision. See every fee, your monthly instalment and the total amount repayable before you accept.

Loan terms
• Loan amount: R800 to R15 000
• Repayment period: 3 to 6 months
• Equal monthly instalments by DebiCheck authenticated debit order
• Settle early at any time, with no early-settlement penalty

What your loan costs
• Maximum annual interest rate (APR): 28.25%, charged at 2.3542% per month on your outstanding balance. This is the only annual percentage charge and may change if the underlying base rate changes.
• Initiation fee: once-off, calculated and capped per the National Credit Act, never more than 15% of your loan
• Monthly service fee: R69 including VAT
• Credit protection insurance: R4.50 per R1 000 of your outstanding balance per month (death, disability and retrenchment cover; you may substitute a qualifying policy)

Representative example: R9 500 over 4 months
• Annual interest rate (APR): 28.25%
• Initiation fee (once-off): R1 167.25
• Monthly service fee: R69 (incl. VAT)
• Credit protection insurance: R45.56 in the first month, reducing as you repay
• Total fees and interest: R2 248.64
• Total amount repayable: R11 748.64
• Monthly instalment: approximately R2 937.16 over 4 months
The example assumes a payment date one month after payout. Your exact costs, instalments and dates are shown in your pre-agreement statement and quotation before you accept.

Who can apply
You must be 18 or older, have a valid South African ID number and your own cellphone number, and receive regular income into a South African bank account in your name. We assess affordability and verify your income using verified bank statements for the latest 90 days, provided securely during your application.

Responsible lending
Approval is not guaranteed. We will not lend if we believe additional credit would cause you to be over-indebted. Only borrow what you can afford to repay.

Manage your loan in the app
• Track your application and see your loan status
• View your balance, instalments and statements
• Get in-app help and notifications about your loan

FASTA (Pty) Ltd is a registered credit provider under the National Credit Act 34 of 2005, NCRCP10591. Credit is subject to affordability assessment and approval. Terms and conditions apply. South Africa only.

Privacy policy: https://www.fasta.co.za/privacy
Support: [email protected]