Reviewers overwhelmingly had a great experience with this company. Customers consistently praise the speed and ease of the loan application process, highlighting that it is straightforward and can often be completed within minutes. Many reviewers appreciate the quick approval times and the prompt delivery of funds, often within the same day or the next. Consumers value the transparency of the loan terms, noting the absence of hidden fees and clear communication throughout the process. People frequently mention the helpfulness and responsiveness of the customer support team, who are described as polite and informative. Reviewers appreciate the services reliability in handling unexpected expenses such as car repairs, medical bills, and rent. The app is also mentioned positively, though with some disagreement among users. Overall, customers express satisfaction with the services ability to provide quick financial assistance during emergencies, making it a trusted option for short-term financial needs.
Fast Loan Advance has become an extremely popular option for getting quick cash online. With promises of fast approvals and funding in as little as one business day, it’s easy to see the appeal. But is Fast Loan Advance legit? Or is it too good to be true? I decided to dig deeper into this lender to find out.
An Overview of Fast Loan Advance
Fast Loan Advance markets itself as the fast and easy solution when you need money as soon as possible. They provide loans ranging from $100 to $5000, with payment terms between 3 and 24 months.
To get started you fill out a simple online application with some basic personal and employment details. Fast Loan Advance claims they can provide instant loan decisions in some cases. If approved you could have the funds deposited directly into your bank account in as little as one business day.
Unlike a traditional bank, Fast Loan Advance does not check your credit as part of the application process. This makes them an option for borrowers with bad credit or thin credit histories. Of course, this speed and convenience comes at a price ‒ their interest rates are much higher than typical personal loan rates from banks or credit unions.
Digging into the Fine Print of Fast Loan Advance
I took a close look at the terms and conditions on the Fast Loan Advance website to get a sense of what borrowers can expect. Here are some key things to note:
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Interest rates: Rates range from 199% to 1386% APR. This is extremely high compared to other lenders.
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Origination fees: You’ll pay an origination fee of 5-10% of the loan amount, taken out of your loan proceeds.
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Late fees: A late fee of $15 – $50 applies if you miss a payment due date. This is on top of continued interest accrual.
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Prepayment: There is no prepayment penalty, so you can pay off your loan early to reduce interest costs.
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Loan terms Loan terms range from 3 months (90 days) to 24 months (730 days) Longer terms mean lower payments but higher interest costs over time
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Extensions: Fast Loan Advance may offer loan extensions with additional finance charges. This can trap borrowers in a cycle of debt.
While the fees and rates are clearly disclosed by Fast Loan Advance, potential borrowers should understand the high cost associated with these loans compared to other personal loan options.
What Borrowers Are Saying About Fast Loan Advance
With borderline predatory rates and fees, I wanted to see what actual customers had to say about their experiences with Fast Loan Advance.
I analyzed over 300 customer reviews on TrustPilot, which gave the lender an average rating of 4.6 out of 5 stars. Here were some of the most common sentiments:
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Many praised the quick and easy application process, saying they were approved in minutes
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Numerous reviewers appreciated the fast funding, often within 1 business day of being approved
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Most said the loan terms were clearly explained with no hidden fees
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Many valued how helpful and responsive customer service was for answering questions
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Reviews highlighted the loans help cover emergency expenses like medical bills or car repairs
However, I did notice a pattern with many of the 5-star reviews. The language sounded scripted and very similar between reviews. Phrases like “process was fast and simple” appeared repeatedly.
This led me to suspect some degree of review manipulation. It seems likely that Fast Loan Advance encourages positive reviews from borrowers in exchange for incentives. I would not consider all of these reviews to be 100% organic.
There were also some 1-star reviews from borrowers complaining of predatory practices and very aggressive collections tactics. But these negative reviews only comprised 9% of the total.
The Verdict: Fast Loan Advance Appears Legit, But Costly
Based on all the evidence, I would consider Fast Loan Advance to be a legitimate lender. They provide a real service offering fast cash in the short term to borrowers in need.
However, the exceedingly high rates and fees mean this should only be used as an absolute last resort. Their loans are designed to be repaid in the short term, not for long-term financing.
Potential borrowers should be prepared for just how expensive these loans are compared to other options:
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A $500 loan for 3 months (90 days) has an APR of 695% and requires total payback of $675
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A $1,000 loan for 6 months (180 days) carries a 455% APR and total repayment of $1,750
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A $3,000 loan for 2 years (730 days) has an APR of 199% and total cost of $7,300
While Fast Loan Advance delivers on speed and convenience, you’ll pay dearly for it. Their high interest loans should only be used for temporary cash flow shortages and repaid quickly. Otherwise, the costs can spiral out of control.
Proceed with extreme caution and explore other personal loan alternatives before applying. Make sure you read the fine print and have a solid repayment plan in place first.
Alternatives to Explore Before Using Fast Loan Advance
If you need fast access to funds, here are a few smarter alternatives to consider first before resorting to a very high cost Fast Loan Advance loan:
Credit cards: Balance transfer or low APR cards can provide lower cost financing, especially if you have good credit. You can often get funds within days of applying.
Online lenders: Companies like SoFi, Upgrade, and LendingClub offer competitive rates for personal loans ranging from 5% to 36% APR, far lower than Fast Loan Advance.
Payday alternative loans: Offered by credit unions and community banks, these small loans of $200 to $1,000 can have APRs under 28%.
Borrow from family/friends: If available to you, getting a loan from people close to you may be possible on better terms than Fast Loan Advance offers.
Negotiate bills: Contact creditors directly to explain your situation and request more time. Many will work with consumers facing financial hardship.
Use a credit line: A credit card cash advance, line of credit, or overdraft can provide lower cost immediate funds in many cases compared to Fast Loan Advance.
401k loan: If your plan allows it, borrowing against your own 401k avoids credit checks and may offer reasonable rates.
Fast Loan Advance offers a legitimate option for quick cash before your next paycheck. But the astronomical rates mean it should only be a last resort after exploring all other alternatives. Apply with extreme caution and a plan to repay the loan quickly. Otherwise, the costs will overwhelm any short-term convenience gained.
People also looked at
Fastloanadvance helped me out when I had an unexpected trip to the ER. The approval was fast, and the funds showed up the very next day. I had no problems and paid it back without issue. Id recommend them if you need quick help.
Date of experience : April 14, 2025
Date of experience : June 17, 2025
Reply from Fast Loan Advance4 days ago
Thank you for the review!
Fast loan advance helped me cover rent when my paycheck was delayed. I really appreciate their transparency on rates. Solid experience from start to finish.
Date of experience : January 30, 2025
Reply from Fast Loan AdvanceJun 14, 2025
Thank you for the review!
I needed a quick loan for an unexpected car repair, and Fast loan advance came through fast. The application was simple, and I had funds the next day. Their team was polite and helpful when I called with questions. Definitely a service Id use again.
Date of experience : March 17, 2025
Reply from Fast Loan AdvanceJun 14, 2025
Thank you for the review!
The best at creating fake reviews. Their reviews are good because they are fake. They use several people to create positive reviews in order to drum up business. Saw it first hand. Always read the worst reviews because typically, that’s where the real customer experience is.
Date of experience : May 27, 2025
I needed some money for car repairs – and this service helped. The approval was quick, and the funds arrived the next day. I paid it off early to avoid extra fees. Its useful if you plan ahead and read the terms.
Date of experience : March 21, 2025
Reply from Fast Loan AdvanceJun 10, 2025
Thank you for the review!
TGR GO made the whole process super simple. I scheduled a delivery and it arrived earlier than I expected. No issues, no follow-up needed. Everything worked like it should.
Date of experience : April 07, 2025
Reply from Fast Loan AdvanceJun 10, 2025
Thank you for the review!
Unexpected vet bills drained my savings, and I needed a hand. Fast loan advance made it painless to apply and get approved. Would recommend to anyone in a similar jam.
Date of experience : December 17, 2024
Reply from Fast Loan AdvanceJun 10, 2025
Thank you for the review!
Fast loan advance really came through for me when I needed help. They were upfront about the terms, which I appreciated. Money was in my account by the next morning. Definitely a service I would trust again.
Date of experience : February 18, 2025
Reply from Fast Loan AdvanceJun 10, 2025
Thank you for the review!
Fast loan advance really came through when I needed help covering an unexpected car repair. Their staff answered my questions clearly and didnt pressure me into anything. Id definitely use them again if Im never in a tough spot financially.
Date of experience : March 10, 2025
Reply from Fast Loan AdvanceJun 9, 2025
Thank you for the review!
I was skeptical at first, but Fast Loan Advance made the experience smooth. They didnt waste my time with long waits or confusing paperwork. Customer service responded fast when I had a question. Glad I found them – it helped me avoid overdraft fees.
Date of experience : February 24, 2025
Reply from Fast Loan AdvanceJun 9, 2025
Thank you for the review!
I used Fast loan advance when I had car repairs pop up unexpectedly. The approved me the same day and I had the funds the next morning. It helped me avoid falling behind on other bills. No issues, no stress-just quick help when I needed it.
Date of experience : January 31, 2025
Reply from Fast Loan AdvanceJun 9, 2025
Thank you for the review!
Need help covering a few bills during a rough week. Fast Loan Advance was fast, easy, and didnt make me jump through hoops. Customer support was helpful when I had a question. Would use again if needed.
Date of experience : January 29, 2025
Reply from Fast Loan AdvanceJun 9, 2025
Thank you for the review!
I had an unexpected vet bill and didnt know when to turn. A friend recommended Fast Loan Advance, and Im glad they did. Funds arrived fast and helped me cover everything. Really impressed with how smooth it all went.
Date of experience : February 10, 2025
Reply from Fast Loan AdvanceJun 9, 2025
Thank you for the review!
Fast loan advance saved me when my utility bill came out high than expected. The process was fast and didnt feel complicated. Im thankful for how simple and stress-free it was.
Date of experience : January 06, 2025
Reply from Fast Loan AdvanceJun 9, 2025
Thank you for the review!
My loan got approved but i never receive any payment for 2months, i tried contacting customer care but no response.So frustrated not until i applied on Inferno loan also,i was approved and get the loan so fast,they really save my ass.
Date of experience : April 15, 2025
Ive tried other lenders and this was by far the easiest one. They gave me a decision fast and explained everything simply. Definitely feels like a company that respects your time.
Date of experience : March 18, 2025
Reply from Fast Loan AdvanceJun 3, 2025
Thank you for the review!
I wasnt sure what to expect, the Fast Loan Advance really came through. Customer support answered my questions without giving me a sales pitch. Super reliable when time matters most.
Date of experience : February 10, 2025
Reply from Fast Loan AdvanceJun 3, 2025
Thank you for the review!
I applied during my lunch break and got approved before I left work. The whole process was online, quick and didnt feel overwhelming. Funds fit my account the next morning, which helped cover rent. Wouldnt hesitate to use them again if Im in a tight spot.
Date of experience : March 03, 2025
Reply from Fast Loan AdvanceJun 3, 2025
Thank you for the review!
I was nervous about using an online loan service, but this went better than expected. The application was short, and I got an approval quickly. This is my go-to now for emergencies.
Date of experience : March 17, 2025
Reply from Fast Loan AdvanceJun 2, 2025
Thank you for the review!
See what reviewers are saying
The best at creating fake reviews. Their reviews are good because they are fake. They use several people to create positive reviews in order to drum up business. Saw it first hand. Always read the worst reviews because typically, that’s where the real customer experience is.
Fastloanadvance helped me out when I had an unexpected trip to the ER. The approval was fast, and the funds showed up the very next day. I had no problems and paid it back without issue. Id recommend them if you need quick help.
They made borrowing less intimidating. The site explained everything step-by-step. I got exactly what I needed without any surprises. The repayment terms were fair too. Would use them again without hesitation.
Fastloanadvance delivered exactly what they promised. No confusing paperwork or long waiting periods. I appreciated how upfront they were about terms. Would gladly use them again if needed.
- # 57 of 86 best companies in Loan Agency
When you need cash fast, time is of the essence. FastLoanAdvance was created to get the funds you need without the hassle, complications, and delays of traditional banks. FastLoanAdvance is the answer to your personal loan needs. Our network of lenders provides immediate approvals and same-day funding where you can receive up to $3,000 as soon as the same business day. FastLoanAdvance was designed to be your fast & simple money solution to get a loan in any situation. By providing your information in our secure online form, we can help get you the loan you want. We have extensive partnerships with large authorized lenders allowing us to provide our free service in almost all 50 states from the privacy of your own home. We know that needing cash in a hurry can be stressful and at FastLoanAdvance, we are here to make the process as fast and simple as possible. We accept all credit types no matter your situation. Good or bad credit is no problem with us. At FastLoanAdvance, we pride ourselves on providing a quick and simple solution for your unexpected expenses such as car repairs, medical bills, or anything else. We are here to help. Get the funds you need today by going to FastLoanAdvance.com.
Replied to 26% of negative reviews
Typically replies within 1 week
Fast Loan Advance Reviews – Is It Legit & Safe By The BBB?
FAQ
Is fast loan advance safe?
Yes, Fast Loan Advance is a legitimate platform that connects borrowers with lenders. However, it’s important to carefully review loan terms and compare offers before accepting.
Is Fast loan Advance legit BBB?
Fast Advance is NOT a BBB Accredited Business.
Does fast loan advance affect credit?
A cash advance shouldn’t affect your credit score as long as you make timely repayments and keep an appropriate credit utilization ratio (the percentage of your available credit you use to borrow money).
Is a fast money loan legit?
Fast Loans appears to be in the business of defrauding consumers. Fast Loans is not licensed by DFI to conduct the business of a consumer lender.