Is Fast Loan Advance Legit? Full Review
To assist you in making the best choice, we will give you a review of Fast Loan Advance in this article.
By connecting you with its network of partner lenders, Fast Loan Advance (fastloanadvance.com) can help you obtain a loan from $500 to $35,000. In spite of having bad credit, the company guarantees increased loan approval rates and simple access to cash.
However, is Fast Loan Advance legitimate? We carefully examined Fast Loan Advance and looked into their website. Fast Loan Advance operates under the domain Fastloanadvance.com. In addition, we studied client testimonials. The results are shown below.
What is Fast Loan Advance?
It can be tempting to turn to a business like Fast Loan Advance for a quick and simple solution when you are in a bind financially and require money quickly. But before you do, it’s critical to comprehend what this type of loan is, how it functions, and any potential risks.
An online lending marketplace is Fast Loan Advance. Instead of directly lending money to anyone, it simply serves as a liaison between its clients and the lenders on their behalf. They offer short-term, high-interest loans with personal loans starting at $500 and going up to $35,000.
Before you sign on the dotted line, it’s important to be aware of the risks associated with Fast Loan Advance, even though it might seem like an appealing option when you need money quickly.
Pros
- Free to use
- Bad credit applicants welcome
- Applying won’t affect your credit score
- Interest rates from 5.99%
- Repayment term up to 72 months
Cons
- Limited consumer reviews online
- Not available in all states
- Unclear if they are legit
What Does It Offer?
On this website, you can submit an application for a loan with a term of one month to two years and a loan amount between $100 and $35,000. You should be aware that using this service to apply does not ensure your acceptance.
As was already mentioned, it is an intermediary service, so if you require more specific information, you must speak with a lender.
The APR will vary depending on the customer and will be based on your credit history, repayment history, and a number of other factors. Typically, the APR ranges from 5.99% to 35.99%. They offer loans with minimal repayment requirements.
Fast Loan Advance Requirements
These are the requirements for a personal loan if you want to apply through Fast Loan Advance:
- Citizenship: US citizen
- Age: Minimum 18 years old
- Bank account: maintain a current checking account.
- Minimum income: At least one reliable source of income is a must. They don’t set a minimum, but in our experience, you must have a monthly income of at least $1,500 and be able to provide documentation of that income. As additional verification of your application, they might ask for references like your boss.
- Credit score: Due to the fact that they are a marketplace and not a lender, the lender they recommend to you will set the minimum credit score. Considering our experience, we advise a minimum credit score of 580.
How to Apply for a Loan With Fast Loan Advance?
- Go to the Fast Loan Advance website first, then select the loan amount you want to apply for. The sum for which you want to apply can also be changed. After which, click the “Continue” button.
- Next, enter your personal and financial information on the application form.
- A Fast Loan Advance representative will get in touch with you after you submit the form and assist you in finalizing your loan and obtaining the funds you require.
Ratings and Customer Reviews
There are no customer reviews available online for FastLoanAdvance.com, which is not accredited by the Better Business Bureau.
Perhaps it’s just that the business is new, but it’s not good that there isn’t much information available about the service. A score of 80% security, or safe, is given to the business by scamadviser.com.
Is Fast Loan Advance Legit?
Despite being mentioned in other online sources, there aren’t many reviews from customers who have used Fast Loan Advance’s services. They have been around since 2015, according to their website. However, neither Trustpilot, the BBB, nor even user-review forums like Reddit or Quora had any reviews or ratings.
Nevertheless, they guarantee data security and privacy in their terms and conditions. You are free to decide whether to use their services going forward and whether to continue providing them with personal data.
Conclusion: is Fast Loan Advance Legit?
Finding lenders when you need more money is made possible by a number of services, but while FastLoanAdvance.com is a legitimate website to use and is not a scam, it is not the most convenient option.
A lending website’s reliability must be confirmed in order to use it. especially if you are disclosing sensitive personal and financial data. We always advise visiting websites that have been listed online with good reviews.
