FastLoanAdvance review
- Max. Loan Amount
- $35,000
- APR
- 5.99% to 35.99%
- Min. credit score
- Not stated
Our verdict
FastLoanAdvance appears to be a marketplace of sorts for personal loans, but it isn’t transparent about lenders or loan details.
FastLoanAdvance is a website that connects borrowers with lenders. Loan amounts range from $100 to $35,000, according to multiple outside sources, but we couldn't verify these numbers with the company. One reviewer suggests it's more of a lead-generating service than a marketplace and that it earns fees based on loan fulfillment. Interest rates are said to be between 5.99% and 35.99%, which falls within the normal range for personal loan lenders. And loan terms can stretch anywhere from 91 days to 72 months, giving borrowers longer repayment terms than payday lenders.
Pros
-
Connects borrower to multiple lenders
-
Interest rates as low as 5.99%
-
Works with bad credit borrowers
Cons
-
Website not transparent about rates and fees
-
Has bad user reviews
-
Not accredited by the Better Business Bureau
-
Positive reviews seem paid for
Where FastLoanAdvance falls short
Our main concern about this company is the lack of information found on its landing pages. It doesn’t give borrowers any upfront guidelines about loan ranges, repayment terms, interest rates or additional fees. While it appears to connect potential borrowers to direct lenders, sometimes it simply connects to other online marketplaces, which may seem cumbersome to users.
FastLoanAdvance may be one of many aliases of the same company, which feels dishonest. For example, there is also a GraceLoanAdvance website that also takes you to the same landing pages — with only slight variations — so it seems possible that the two are related and that there could be others. In general, FastLoanAdvance connects you with legitimate lenders, but the company doesn’t seem to provide much service outside of that.
What makes FastLoanAdvance shine
FastLoanAdvance gives borrowers access to direct lenders and lending marketplaces. It also includes lenders that offer interest rates starting at 5.99%, which is on the low end of the spectrum. In addition, FastLoanAdvance appears to connect to lenders who accept bad credit scores, which is good for borrowers with poor credit.
Loan details
| Minimum credit score/credit range | Not stated |
| APR | 5.99% to 35.99% |
| Loan amounts | $100 to $35,000 |
| Terms | 91 days to 72 months |
| Approval turnaround | As soon as same day |
| Availability | Varies by lender |
| Fees | Undisclosed/Varies by lender |
How to qualify for FastLoanAdvance
FastLoanAdvance isn’t a direct lender, nor is it really a marketplace. It doesn’t disclose the requirements to qualify for a loan, so qualifications vary by lender. However, most lenders require at least the following qualifications:
- Be 18 years or older
- Be a US citizen or permanent resident with government-issued ID
- Have a job or steady source of income
- Have a verifiable bank account
- May also require direct deposit
How to apply
FastLoanAdvance doesn’t seem to have any relationship with lenders beyond sending potential borrowers to their sites. Therefore, each application process varies depending on your choice of direct lender or lending marketplace.
How FastLoanAdvance compares to other lenders
FastLoanAdvance reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | Not rated |
| BBB customer reviews | |
| Trustpilot Score | 3 out of 5 stars, based on 4 customer reviews. |
| Customer reviews verified as of | 10 June 2024 |
There are only four reviews on Trustpilot. One review is positive and states: “Everything was fast, quick and to the point. Took around 10 minutes to apply and be approved. Got the cash the next day,” which sounds a little too perfect, like it might have been planted. The other three reviews are overwhelmingly negative, with most saying it was either “fake” or “a scam.”
Is FastLoanAdvance legit?
It’s difficult to tell if FastLoanAdvance is a legitimate lending marketplace because it doesn’t appear to do more than direct borrowers to other sites. Plus, it’s not BBB-accredited, and user reviews are scarce and mostly negative. To be safe, you may be better off searching for loans through companies accredited by the BBB and have more positive reviews.
Your reviews
Lacey Finder
Writer
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