Fast Loan Advance Review: Not a Direct Lender, Not Legit
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- Max. Loan Amount
- $35,000
- APR
- 5.99% to 35.99%
- Min. credit score
- Not stated
Our verdict
Another “loan marketplace” that sells your information to other third parties.
Fast Loan Advance is a loan connection service that claims to match borrowers with third-party lenders. Loan amounts range from $100 to $35,000, although the amount can vary by state and lender. It claims rates range from 5.99% to 35.99%, but reviews say actual rates can be as high as 500% or more. Disclosures on its website and other reviews suggest that this company does little more than collect and sell your information.
Best for: We don’t recommend this connection service because it’s not transparent and likely sells your information to third parties that may not be legit.
Pros
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Loans up to $35,000
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Same-day funding possible
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Accepts all credit types
Cons
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Not transparent about rates and fees
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No Better Business Bureau page
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Positive reviews seem fake
Is Fast Loan Advance legit?
Fast Loan Advance doesn’t appear to be a legitimate lending marketplace. It seems to only direct borrowers to other sites and sell their information to third parties — some of which aren’t even lenders. Plus, it doesn’t have a Better Business Bureau (BBB) page, and most (if not all) of its positive reviews look fake. For example, multiple reviews use the exact same wording but are under different names.
To be safe, you may be better off searching for loans through companies that have real and thoughtful reviews. You may also want to consider some of our top picks for installment loan lenders that have been researched by our team of loan experts.
Where Fast Loan Advance falls short
Our main concern about this company is its lack of transparency on its website. It reports rates of 5.99% to 35.99%, but reviewers report APRs in the triple digits. And, while it may connect potential borrowers to direct lenders, sometimes it simply connects to other online marketplaces, which just puts you right back where you started.
In addition, Fast Loan Advance could be one of many aliases of the same company, which seems shady. For instance, there’s also a Grace Loan Advance website that takes you to basically the same landing pages — with only slight variations — so it seems possible the two are related and that there could be others.
In general, Fast Loan Advance may connect you with legitimate lenders, but it’s just as likely that your information is merely being sold to the highest bidder.
What makes Fast Loan Advance shine?
Fast Loan Advance may give borrowers with poor credit access to direct lenders and lending marketplaces. It may also partner with lenders that offer interest rates starting at 5.99%, which is on the low end of the spectrum.
But none of these claims can be substantiated, and you could be opening yourself up to fraud, identity theft or damage to your credit. There are plenty of other legit loans for borrowers with bad credit with reasonable rates and terms. Or if you only need a small loan, consider a cash advance app, which doesn’t charge interest or late fees.
Fast Loan Advance loan details
| Minimum credit score/credit range | Not stated |
| APR | Varies by lender |
| Loan amount | $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 |
| Other fees | Unknown |
Fast Loan Advance contact info
| Phone number | 833-710-3200 |
| Customer service hours | Not listed |
| [email protected] | |
| X, formerly Twitter | @FLoanAdvance |
| Fast Loan Advance |
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How to qualify for Fast Loan Advance
These are the minimum requirements to qualify, according to the Fast Loan Advance website. The qualifications listed are pretty standard across the industry.
- At least 18 years old
- A US citizen or permanent resident
- Have a job or steady source of income
- Have a verifiable bank account
- May also require direct deposit
How to apply
Fast Loan Advance 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 Fast Loan Advance compares to other lenders
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How we picked theseWhat is the Finder Score?
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
FastLoanAdvance reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | Not rated |
| BBB customer reviews | No reviews |
| Trustpilot Score | 4.6 out of 5 stars, based on 322 customer reviews. |
| Customer reviews verified as of | 12 June 2025 |
Fast Loan Advance doesn’t have a BBB page, but it has high ratings on Trustpilot, with 4.6 out of 5 stars. However, the positive reviews seem fake. For example, some reviews are worded identically but attributed to different names. Others seem a little too scripted to be true — a few reviewers suggest they are even AI-generated.
Negative reviewers say loan rates run up to 500%, applying will lead to excessive spam calls and all the company is doing is trying to collect your information to sell. A few people say that applying damaged their credit, and others say the site is just a scam.
"Clients who’ve used Fast Loan Advance describe the approval process as fast and straightforward, but the loan terms can be tough. One client used it to get through a gap in income and had funds within 24 hours. That speed helped at the moment, but the repayment terms were aggressive, and the interest added up quickly. We had to revise their monthly budget to keep things from snowballing. Services like this can work in emergencies, but only if you know exactly how and when you’ll repay."
What do people on Reddit say?
Frequently asked questions
Does Fast Loan Advance affect credit?
Maybe. The company states that it only runs a soft credit check to prequalify, which won’t hurt your credit. But if you decide to proceed with a loan, the direct lender typically conducts a hard check, which can lower your score.
What is the rate of Fast Loan Advance?
Don’t be fooled by the 5.99% to 35.99% listed on its website — reviews suggest APRs well into the triple digits. If your credit is good, about 670 or higher, you’re probably better off getting a personal loan from a direct lender that actually offers rates in the 5.99% to 35.99% range.
Your reviews
Lacey Finder
Writer
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