Frequently Asked Questions
Last Updated April 22, 2025
Find answers to your most common questions
About Fast Loan Advance
What is Fast Loan Advance?
Fast Loan Advance is a trusted financial service that helps people access the money they need, fast. Whether you’re looking for a personal loan, emergency loan, bad credit loan, short-term loan, cash advance, or debt/credit card consolidation, we make borrowing simple, secure, and stress-free.
Getting started takes just two minutes. Fill out our quick online form, and based on your unique financial needs, our smart technology matches you with the best lender options available. There’s no lengthy paperwork, no in-person appointments, and no hidden fees.
Once you choose a lender, funds are often deposited as soon as the next business day.
What makes Fast Loan Advance different?
Fast Loan Advance stands out for its speed, simplicity, and transparency. Unlike traditional lenders, we offer:
- A fast online application that takes just minutes.
- Flexible options for people with less-than-perfect credit.
- Access to a network of lenders that can offer multiple loan types to suit your needs.
How much does it cost to use Fast Loan Advance?
There is no cost to apply or use Fast Loan Advance. Our service is completely free for borrowers. If you accept a loan offer, the lender will outline any interest, fees, or repayment terms before you agree.
What rates and terms am I eligible for?
Your loan rates and terms depend on several factors, including:
- Your income and employment status
- Your credit history (if applicable)
- The amount you borrow and the repayment period
Most loan offers range from short-term repayment plans of a few weeks to longer personal loans of several months, with APR rates varying by lender. You’ll be able to review all loan terms before accepting an offer.
How does Fast Loan Advance keep my information safe?
We take privacy seriously, so we use industry-standard encryption on our website so that third parties cannot intercept your data. You can also look at our privacy policy for more details on this.
Will checking my rate affect my credit score?
No. Checking your rate through Fast Loan Advance uses a soft credit inquiry, which does not impact your credit score. This allows you to explore your options risk-free. Only if you proceed with a loan and a lender needs to perform a full credit check will it appear on your credit report.
Personal Loans
What is a personal loan?
A personal loan is a way for an individual to receive up to $35,000 in funding. It is a loan that can be used for home enhancements, luxury item purchases, vehicle repairs or large purchases. Our simple online form does not contain any long questions. Instead, it asks for your basic information and a location for where you would like the loan to be sent to. It is that easy!
What are the basic loan requirements?
- Must be at least 18 years old.
- Must be a U.S. citizen or permanent resident.
- Must be currently employed or receive a steady income.
- Must have a bank account to receive the funds — ideally with direct deposit.
Are there any fees?
Fast Loan Advance services will always be provided free of charge, but that is not to say that the lender will give you a loan for free. Your lender will charge you fees and/or interest and must provide you with full disclosure of their loan terms upon approval. It is then your responsibility to read through the terms before signing your loan agreement.
What are the repayment terms and the APR?
Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate. It relates to the amount and timing of value received by the consumer to the amount and timing of payments made. Fast Loan Advance cannot guarantee any APR since we are not a lender ourselves. Annual Percentage Rates (APR) start from 5.99% up to a maximum of 35.99%. Personal loans have a 91-day minimum repayment period and a 72-month maximum repayment period. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
How and when do I repay the loan?
Please check the loan agreement from your lender for specifics on this, as each loan may vary.
How fast can I get the funds?
Funding speed depends on the lender you choose. In most cases, once you’re approved and accept a loan offer, funds are deposited by the next business day. Some lenders may take 2–3 business days, depending on processing times.
Debt Consolidation
Will checking my rate affect my credit score?
No, checking your rate will not affect your credit score. We use a soft credit inquiry, which lets you explore your loan options without any impact on your credit.
What types of debt can I consolidate?
You can consolidate a wide range of debts, including:
- Credit card balances
- Medical bills
- Payday loans
- Store or retail credit cards
- Personal loans
- Utility or service bills
Debt consolidation allows you to combine multiple payments into a single loan with one monthly payment, often with a lower interest rate and clearer payoff timeline.
Can I still qualify if I have less-than-perfect credit?
Yes. Many of our lending partners work with borrowers who have fair or poor credit. While your credit score may influence your rate or loan amount, we match you with lenders based on your overall financial profile, not just your score.
How fast can I get my funds?
Funding speed depends on the lender you choose. In most cases, once you’re approved and accept a loan offer, funds are deposited by the next business day. Some lenders may take 2–3 business days, depending on processing times.
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