What is FastLoanDirect?

FastLoanDirect is not a lending company itself, it is a platform that connects a network of lenders known as ‘Network Partners’. These lenders are behind the loans offered by FastLoanDirect.

The best thing about FastLoanDirect is that it offers loans to a wide range of borrowers. There is no minimum credit score requirement. So, anyone can apply with a fair, bad, or excellent credit score. Also, they offer loans as small as $100 and as large as $35,000.

The loan process is easy, and the entire process is online. The service is also completely free so you can contact the customer care representatives to talk about anything you would like to know.

As compared to its competitors, FastLoanDirect offers great flexibility. You can qualify for loan terms between 3 months to 6 years. This makes it very easy to select the option that suits you. You can pay off loans at your pace.

Is FastLoanDirect Safe?

FastLoanDirect is a safe website that keeps your information secure and is rated authentic by many users. By becoming a user of the marketplace, you can search for different lenders that are willing to lend to you. The site is best for people with bad or poor credit scores who cannot secure a loan through banks or credit unions at good rates.

Better Business Bureau does not accredit FastLoanDirect. But the company offers a very dependable service that helps many borrowers. Borrowers looking for quick financing to buy a car, pay medical bills or other expenses can receive funding within a day from FastLoanDirect.

You can receive loans for anything. Whether it is holiday shopping, buying furniture, or anything else, the loan providers are ready to fund you on their terms. However, there are not many details given on their website about how you can qualify for the loan. Because FastLoanDirect is a marketplace where borrowers meet lenders, it should disclose who are the lenders. But the company chooses to keep the lenders behind the platform anonymous.

FastLoanDirect also allows you to directly work with a lender. So, you can research a lender and contact them directly for the loan term and details that you need. There are no charges for searching for a lender therefore, you must give it a try.

Because the FastLoanDirect provides a model in which the lenders and borrowers are directly involved there are higher chances of getting into arguments and differences of opinion on loan terms or other matters.

Direct contact between the borrower and lender is one of the main reasons why some customers have a bad experience. Also, the involvement of different lenders brings inconsistency that most borrowers may not like. They want a professional and consistent experience but the presence of different buyers with different requirements and distinct approaches to dealing with borrowers can become problematic.

But it is important to note that the site makes it possible for many borrowers to secure loans every day. And these customers have great things to say about how they received financing quickly during the times they needed it the most.

Those who cannot secure a loan through conventional channels can

How Does FastLoanDirect Work?

The application process is entirely online, meaning that you don’t have to physically go anywhere or meet a representative. To apply, you’ll need details about yourself. Fill out the application form on their website and wait for a call from the representative.

A loan expert contacts you right away to confirm your application and enquire about other details. The loan application is processed quickly, and your information is matched the lending requirements of the network partners to find a lender for you.

Once, you get matched to one or more lenders, you are approved for a personal loan. Shortly, you are contacted by the loan expert who gives you different options. You directly get involved with the lender you choose and from there you can form a loan contract and receive the required amount.

What are Loan Requirements for FastLoanDirect?

FastLoanDirect does not give you a specific set of requirements for borrowers. Anyone with any type of credit score can apply. The interest rates also known as Annual Percentage Rate (APR) for loans range from 5.99% to a maximum of 35.99%.

If you have a good credit score, you can receive the loan at around 5.99% APR. Even with the worst credit scores, borrowers can receive loans at higher APRs. This shows that FastLoanDirect is a place for everyone.

FastLoanDirect Fees

There are no fees for using FastLoanDirect. The marketplace is completely free to use. You simply fill in your information, submit the form, and wait for a call from a loan expert.

However, it is important to note that there are no fees associated with using FastLoanDirect. The lenders who approve your loan will charge fees related to the loan such as origination fees, pre-payment penalties or service charges, etc. FastLoanDirect has not revealed a certain fee because the fee differs from lender to lender.

Why Choose FastLoanDirect?

Here are some factors that make FastLoanDirect worth choosing:

Funding Speed: Most loans are given out within a day.

Low Credit Score: FastLoanDirect does not have a minimum credit score requirement. They accept all kinds of credit scores.

Accessibility: Anyone can apply for a FastLoanDirect loan.

Flexibility: The payment term is very flexible, and you can apply for any loan amount between $100 to $35,000. Although there are many other options in the market, FastLoanDirect is more accessible. Some lenders offer APR as low as 2%. If you have a good or excellent credit score, you should consider other lenders that offer lower APR and competitive loan products. If you cannot qualify for a loan from any other lender, FastLoanDirect may be a good option for you. It can be a last resort for those who are looking for fast funding but have low credit scores and less or no options. The application process is easy, and the site is user-friendly.

Advertising Disclosure

The information shared through this website is based on our team’s personal judgements and views. We use our own comparisons to assign values, which are not intended to reflect a certain benchmark of precision. To keep our website free for use, we accept referral fees from various service providers, which have the potential to influence their respective appointed scores. A third party’s participation on toploansadviser.com is not an indication of endorsement. The information and vendors which appear on this site is subject to change at any time.The site does not include all companies offering loan products or all available loan offers.

Jessica Cotzin

Jessica Cotzin

Jessica Cotzin is our resident small business and personal loans whiz. She is a skilled writer with a bachelor’s in journalism from Florida Atlantic University, providing information to her readers on the loans industry and personal finance.

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