Is Fast Loan Advance Legit? Fast Loan Advance Reviews 2023

The Fast Loan Advance Company said that by giving your information to their online algorithms to check your creditworthiness, you can get quick cash loans faster and easier. It’s not clear if this loan company will provide a loan even if you have a bad credit score or CIBIL, but it uses a form to get your information and tell you how much you can borrow right now.

Fast Loan Advance will let you borrow anywhere from $1,000 to $35,000. When you borrow more money, the interest rate starts as low as 8%.

How does fast loan advance works

You can get a loan fast through Fast Loan Advance, which is an online lending platform. There is no hassle involved in the application procedure, and there is no need to wait around for a long time. It’s easy to get started; just fill out a short online form with some basic details about yourself. You’ll find out in a matter of minutes if you qualify after entering the said data.

In the case of approval, Fast Loan Advance can transfer the funds to your account the following working day. Every step is safe and simple, so you can relax knowing that your credit will be funded without any unnecessary delays.

Is Fast Loan Advance legitimate?

Fast Loan Advance is real, yes. Even though the interest rate at Fast Loan Advance is too high, the company does not seem to be a scam. We don’t want you to take our word for it whether Fast Loan Advance is a scam or not. Instead, we want you to do your research before getting a loan.

You can feel confident that you’re receiving a good deal when you take out a loan with Fast Loan Advance because they follow all federal and state regulations and statutes. confirms that they are not a direct lender but rather a loan broker for a variety of financial institutions; as such, they cannot guarantee your APR, which is subject to change at any moment by the terms and conditions of their direct lender.

Overall, we found a few things that made us worry:

  • No reviews from customers
  • Not BBB-approved or on the list
  • There isn’t enough information online

Review of Fast Loan Advances from Users in 2023

In this review of Fast Loan Advance, you’ll learn what the lending platform is all about and how you can use it to get a quick loan in an emergency.

Fast Loan Advance is not a loan company on its own, that’s the truth. It works with other loan companies, so it doesn’t have any control over the quality of the services it offers and can’t guarantee them. When you ask for a loan, their system pulls up all the lending partners who might be interested in giving you a loan based on the amount you asked for and other information you gave.

After this, lenders can accept your loan request and give you the money, or they can turn it down. The lending company’s legal terms say that only the lending partner can decide the rates for a loan, and that doesn’t happen until after you’ve sent in your application.

You can only find out about their rates and terms from a lender or lending partner. This usually happens soon after you finish your loan request and are put in touch with a lender or lending partner.

FastLoanAdvance also made it clear to potential customers that all lending decisions are made by lending partners and that their company can’t change those decisions. So that you know what the company is all about, this is clear.

FastLoanAdvance doesn’t decide who gets a loan or what the rates and terms are. Remember that you don’t have to accept the loan offer if the terms aren’t good enough for you for any reason.

What can they offer?

It says on the site that it is free to use. They also say that they work with many lenders in almost all 50 states. We couldn’t figure out which states those were because there wasn’t any more information online.

What we do know is:

  • There are loans from $500 to $35,000.
  • The APR ranges from 5.99% to 35.99%.
  • Personal loans can be paid back in as little as 61 days and as long as 72 months.

Loan Requirements

Some basic loan requirements are listed on the website, such as:

  • Must be a US citizen and 18 years old.
  • Being paid regularly or being employed
  • Make sure you have a bank account.

Fast Loan Advance Interest Rates, Fees, and Tenors

Although FastLoanAdvance doesn’t provide direct loans. However, below are the loan tenors as displayed on their website.

LOAN AMOUNT $1,000 $2,000 $5,000 $10,000
INTEREST RATE 24% 19% 13% 8%
LOAN TERM 12 Months 24 Months 48 Months 60 Months
FEE 3% 5% 8% 10%
FEE COST $30 $100 $400 $1,000
REPAYMENT $94.56 $100.82 $131.67 $202.28
APR 29.82% 24.12% 18.23% 9.20%
TOTAL PAYMENTS $1,134.72 $2,419.68 $6,320.12 $12,136.80
TOTAL COSTS $164.72 $519.68 $1,720.12 $3,136.80


Warning indicators for a scam

Unfortunately, we have no way of knowing if FastLoanAdvance is legitimate or not. However, we can go over some precautions you should take before sharing sensitive financial information online. If you decide to use the site anyway, do so with caution, keeping in mind the various red flags that could suggest fraud.

A financial institution should never:

  • Request full money in advance.
  • Demand money right away via phone or text.
  • Request that you load a preloaded gift card with money.
  • Inquire about the possibility of wiring funds
  • Make a formal request to use your bank accounts, ATM cards, or investment funds
  • Emphasize the value of “moving quickly” because “if you wait, the bargain will be gone.”
  • Accept you no matter your FICO score


Is a quick loan for real?

They are meant to be a short-term solution that you pay back when you get your next paycheck. Even though it sounds good, is that too good to be true? There is nothing wrong with fast cash loans, and 37 states allow them. But that doesn’t always mean that they are smart choices.

Is fast loan direct legit?

At the moment, FastLoanDirect gets from the Better Business Bureau. Since they have a low rating, it is not surprising that they are not BBB-approved. Two customer reviews on the BBB website give FastLoanDirect a 3-star rating.

Are credible loans legit?

If you want to get a student loan or negotiate a lower interest rate, you can’t use Credible’s platform. But, like NerdWallet and other online lending marketplaces, Credible is a legit way for people who want to get student loans to compare different offers and find the best deal.

Is it okay to have bad credit?

FastLoanAdvance does not say anywhere online what your credit score needs to be.


You can trust Fast Loan Advance. But you should know that their business is to act as a middleman between you and loan companies. They can’t give you a direct loan. You can borrow money from other lenders through their platform and pay it back to build your credit scores.

Overall, two things stood out to us: the lack of reviews and the lack of information online. Even though it doesn’t prove that the website is fake, it’s a worry.

It’s important to know that a website for lending money can be trusted. Especially if you are giving out personal and financial information that is important to you. We always tell people to use websites that have good reviews online.

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