Question 1

What is FASTA and how does it work?

Accepted Answer

FASTA is a South African online micro-lender that offers short-term cash loans and instant credit. You apply online, get an instant decision, and if approved the funds can be paid to your bank account, a virtual card, or directly to an online merchant.

Question 2

How much does FASTA cost?

Accepted Answer

FASTA's cost depends on the loan amount and repayment term. Publicly listed examples include interest of about 3% per month, an initiation fee, a monthly service fee, and credit protection charges, with representative examples on the site showing a maximum APR of 123%.

Question 3

What countries does FASTA operate in?

Accepted Answer

Fasta operates in South Africa.

Question 4

How do I sign up for FASTA?

Accepted Answer

You sign up by applying online on FASTA's website. The application is available 24/7 and typically asks for your RSA ID number, proof of income, and recent bank statements.

Question 5

Who is FASTA best suited for?

Accepted Answer

FASTA is best suited for individual South African consumers who need short-term credit or quick access to cash. It is designed for people who want a fully online application and fast approval.

Question 6

How do I contact FASTA support?

Accepted Answer

You can contact FASTA at support@fasta.co.za.

Question 7

Does FASTA have a plan for teams or businesses?

Accepted Answer

No, FASTA does not appear to offer a team or business plan. It is described as a consumer lender for individual South African borrowers.

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