Guide on How to Apply for Loans like Fasta in South Africa.
Are you looking for loans like Fasta?
We have a list of lenders that offer the same type of borrowings and services as Fasta loans, this are small amounts that range from R1,000.00 up to R8,000.00
Fasta provides one of the best offerings that are paperless loans, which you can easily apply for online using a handy calculator to assist you in making the right decision.
Payday loans are one of the good borrowings which you should always consider first when you need quick cash that can be paid in your bank account as soon as possible.
Most of loans like Fasta are quick cash borrowings that can be provided same day when you qualify, good credit history is your main access to quick payments with same day approval.
The type of borrowings offered by this payday providers are good to boost your credit score because they are small amounts with affordable repayments.
| Loans Like Fasta | Amount | Repayments |
|---|---|---|
| Wonga Loans | R4,000.00 | 2 Months |
| Unifi | R8,000.00 | 3 Installments |
| Boodle Loans | R4,000.00 | 32 Days |
| MyMulah | R8,000.00 | 31 Days |
| Cobol Loans | R5,000.00 | 6 Months |
| Capfin Loans | R8,000.00 | 6 Months |
Fasta Loans Calculator
To avoid falling into the trap of borrowing more than is necessary, it is crucial to utilize the Fasta loans calculator.
The loan calculator's goal is to keep you out of debt by displaying your estimated monthly payback amounts. This way, you can decide right away whether you can afford them or not.
You run the risk of not being able to fulfill your obligations if you borrow more money than you can afford to repay, which might result in you being blacklisted.
Loans like Fasta in South Africa
Most individuals sign up for a credit card so they may use it when they need more funds since they use them frequently to get through the month.
What happens, though, if you're not eligible for one and require more funds to supplement your pay?
The next possibility is to take a loan, but before you borrow money, it's crucial to understand what kind of loan you require.
Payday Loans
Payday type is one that you need in case of emergency, if you need to fix your car or pay for kid’s school fees, this is a good type of borrowing that you need.
Most of payday loans are small loan amounts up to R8,000.00, which you can easily apply for online with same day approval.
The following lenders are most popular for offering these paperless loans with same day approval, Wonga, Boodle, MyMulah, Unifi, Cobol and Fasta loans.
Personal Loans
Personal loans are borrowings that can range up to R350,000.00 with long-term repayments, they are mostly one of the difficult types to get hold on of if you have bad credit history.
People use this type mostly to do renovations, buy a car or invest in a source that will have return on investment (ROI).
You can find these borrowings through large lenders like Letsatsi finance, Direct Axis, Barko loans, Banks and others in the list.
Debt Consolidations
Debt consolidations are used to combine all of your debts into one single and affordable repayment that you are most comfortable with.
The sole purpose of this type of borrowing is to do exactly what it is meant for; this type of loan cannot be replaced with another.
Takeaway
What can we take away from this post, well, we know there are other loans like Fasta in South Africa which offer small amounts which are generally up to R8,000.00
Short-term and payday loans are best options when it comes to quick cash injection, they are also good for building credit profile.
It is important to know all types of loans so that you can make the right decision when you do any borrowings.