Fast5kLoans | Credit Raters
Last updated: 16th Feb 2021

Fast5Kloans Review

Identifying a reliable online lender can be such a laborious task if you don’t know where to look. Instead of searching for lenders one by one, there is a better way to go about it. That’s where Fast5KLoans comes in.

Fast5KLoans is an online financial lending marketplace founded by Golden Entropy Marketing Inc., a financial institution founded based in Encino, CA. It partners with over 100 approved and trusted lenders to offer loan amounts ranging from $500 to $35,000. Whether you are looking for a payday loan, lines of credit, or an installment loan, your needs are covered.

Before you can proceed to apply for a loan via this platform, here is everything you need to know about it, including the costs, benefits, requirements, and much more.


Fast5kLoans is not a direct lender and does not charge any fees to use its connection services. But definitely, you will have to incur some fees if you borrow a loan with one of its partner lenders. Once it pairs you up with a lender, all the other business will be between you and your lender.

In this regard, Fast5KLoans doesn’t specify the rates and repayment terms you will be charged for taking out a loan from its lenders. As well, each lender has its own policies, and thus the loan terms and rates may vary from one lender to the other. The maximum loan amount that you can qualify for is $500 to $35,000 with a repayment term of up to 72 months.

Some of the factors that lenders may use to determine the loan amount and repayment terms you qualify for include; your credit history, credit score, monthly income, and homeownership status, among others. You should also consider the possibility of other fees including;

  • Origination fee – most online lenders charge 1% to 5%, others may charge as high as 20%
  • Late repayment fee
  • Not Sufficient Funds fee
  • Non-payment fees

Key features

Fast5KLoans is specifically designed to connect borrowers to their potential lenders. It’s among the most popular and reputable lending platforms in the US. Unlike most lenders who offer their services to specific states, all US states, including Nevada, are eligible to apply via this platform.

As for the application process, it’s completed online in a matter of minutes. The requirements are not strict to make sure that most borrowers can access the loan facilities. Once you submit the application, you will be matched with the most suitable lender based on your individual needs.

You may be requested to upload a few supporting documents for verification. If you are satisfied with the lender’s offer, you will be provided with loan documents to e-sign. After that, you can receive the funds on the next working day. You can apply for a maximum loan amount of up to $35,000. However, there is no guarantee that you’ll qualify for the maximum amount.

Furthermore, you don’t need to have an excellent credit profile to qualify for a loan. All credit profiles are eligible to apply. However, there is no guarantee that you’ll qualify for a loan. As well, the loans are unsecured, so you don’t have to provide your asset as collateral.

While most lenders exempt members of the military from applying for loans, with Fast5KLoans, active duty service members and their dependents are eligible to apply. As for their APRs, lenders are prohibited from charging them more than 36%.

Other benefits and downsides of using this platform to apply for a loan include;


  • Quick loan approvals
  • Access to a wide pool of lenders
  • Broad loan range- $500 to $35,000
  • No credit score limit
  • Available in all states
  • Easy and secure application process


  • Not transparent with the rates its lenders offer
  • Not a direct lender


How much can I qualify for?

The loan amounts that you can borrow through this platform ranges from $500 to $35,000. However, there is no guarantee that you’ll qualify for the maximum amount or any amount at all.

What can I use the loan for?

While the lenders don’t finance specific loan purposes, you can use the loan to cover expenses such as debt consolidation, medical expenses, wedding, or home renovations, among others.

Is it safe to apply online?

Yes, Fast5KLoans guarantees that all your information is encrypted to protect it from hackers and other internet risks.

What’s the maximum loan term?

Once you receive your money, you have up to 72 months to repay the loan. The exact term that you’ll be offered will depend on the amount borrowed. For low loan limits, like payday loans, you can expect a repay the loan by the next pay date.

Eligibility Criteria

To apply for a loan through this website, you must satisfy the following minimum requirements;

  • Be at least 18 years old
  • Have an active checking account
  • Have a regular source of income
  • Be a US permanent resident or citizen
  • Have a valid Social Security Number

State Availability

All US states are eligible to apply.

Customer support

The Fast5KLoans customer support team is responsive and will respond to all your queries on time. You can contact the team at

Application process

The loan application process is relatively simple to complete. Follow these steps;

Step 1 – Visit the Fast5KLoans application page

Step 2 – Enter the loan amount you wish to borrow and the preferred loan term

Step 3 – Fill in your contact information including your;

  • Name
  • Income
  • Social Security Number
  • Address
  • Email address and phone number
  • Military status
  • Driver’s license or ID number
  • Bank information including your bank account and routing number
  • Estimated credit score

Step 4 –Read the Fast5KLoans terms or use and privacy policy and agree. Submit the application.

Step 5 –It takes the platform a few minutes to process your application. Once approved, you can be connected to one or more lenders. Choose the offer that suits your needs. You’ll be directed to the lender’s website to finish the application.

Once approved, you will be given a loan offer. Carefully read the loan agreement before signing it and only sign if you are comfortable with the rates and terms offered.

Step 6- After signing the loan agreement, wait for the fund to be deposited in your bank account – most likely on the next business day.


If you have had a hard time qualifying for a loan and you meet Fast5KLoans requirements, you have every reason to try your luck here. You have access to broad loan limits and over 100 lenders to compare – all on the same platform.

pg slot