Loans like Fasta
There are other loans like Fasta providers that you can use, in case you find that you don’t qualify with this lender.
Most of the lenders similar to Fasta loans provide short-terms loans with small amounts, the offers a good because they are quick when it comes to repayments.
The repayment period is usually up to six months with, some of them provides you with flexible repayment terms broken into three.
The loan amounts with these lenders are usually from R1,000.00 up to R8,000.00, the borrowings are also flexible, you choose the amount you need.
In this post, we provide you with a list below that has lenders similar to Fasta Loans and we discuss what you need to know before making any borrowings with any lender.
Loans Like Fasta in South Africa
As discussed, here is a list of other short-term or payday sources that can be used as an alternative to each other.
| Loans Like Fasta | Amount | Repayments |
|---|---|---|
| Capfin Loans | R8,000.00 | 6 Months |
| Wonga Loans | R4,000.00 | 2 Months |
| Unifi | R8,000.00 | 3 Installments |
| MyMulah | R8,000.00 | 31 Days |
| Cobol Loans | R5,000.00 | 6 Months |
| Boodle Loans | R4,000.00 | 32 Days |
There are most common requirements and documentation that you need to have in place when you start thinking of borrowing any money.
With every source that you use when it comes to borrowing money, the lender will always need to verify if they are lending a valid person who will be able to deliver on the agreement.
Here is the most common documentation that you need to have before you visit any of the above lenders online loans application form.
- Contact number
- 3 months bank statement
- Identity documents (ID)
- Bank account (need to have 3 consecutive salary deposits)
- Recent proof of residence
- Recent payslip
Payday Loans
Most of this payday lenders offer you same day approval on your online loan’s application, if your loan application is approved, you can have cash same day in your bank account.
Fasta loans also provides you with a calculator that makes it easy for you to apply, the objective behind using a calculator is to help you make the right decision when thinking of borrowing money.
The handy calculator can perform the following functionalities to allow you decide on how much you need and shows you how much will be your total amount of repayments including interest.
This is important because you will know instantly if you can afford to meet your obligations by adjusting your loan amount accordingly.
What You Need to Know
Whether you want to fix your car, pay for your child’s school fees, do renovations or take a holiday, it is of utmost importance to know what type of a loan you need.
Understand the difference between a personal, a debt consolidation, mortgage, payday and short-term loan.
A personal loan is a type of a loan that you can use to invest in a source that will be profitable or become resourceful like, renovating your house.
Debt consolidations are meant to pay off all your debt and help you manage your creditors so that you can be able to meet your obligations that you could not manage.
Payday and short-terms borrowing are loans like Fasta, which are small amounts that are between R1,000.00 up to R8,000.00.
This type of loans is good to be used in emergencies like, fixing your car, paying for your child school fees or taking a holiday.
Conclusion
It is important to know what type of loan you need before filling out any online application form.
Small amounts similar to what Fasta loans providers are very good options that will help you build a credit profile as well.
