SpeedyNetLoan | Credit Raters
Last updated: 25th Jan 2021

SpeedyNetLoan Review 

Unexpected financial challenges call for fast actions. And if you don’t have the time to shop for reliable lenders, looking into one after another, then you may want to consider the services of SpeedyNetLoan. 

SpeedyNetLoan is a free online lending platform that connects borrowers to their ideal lenders. Regardless of your credit profile, you can use this platform to acquire loans of as little as $100 up to $5,000. As long as you are of legal age and have a steady source of income, then you have every reason to apply for a loan through this platform. 

Read on to understand more about its key features, terms, and benefits before you decide whether to sign up for a loan or not. 


SpeedyNetLoan isn’t upfront about the rates and repayment terms you’re likely to be charged for taking out a loan with any of the lenders in its network. As well, it doesn’t involve itself with any decisions regarding the loan rates or terms a lender will offer you. 

The specific rates that you’ll be offered will depend on factors such as the lender’s policy, loan amount borrowed, and income level, among other details. Also, every state has specific limits to the interest rates that lenders can charge. So, your state of residence also plays a significant role in determining the APRs that you’ll be charged. 

As for the repayment terms, most lenders require you to repay the loan amount together with interest on the next payday. For loan amounts exceeding $1,000, lenders may offer a longer time frame – approximately 3 years up to a maximum of 5 years. 

The only way to know the cost of the loan is to make an application. 

Key features 

As a matching platform, SpeedyNetLoan gives you access to a wide range of lenders. Also, if you have low to high borrowing needs, then this platform is a convenient place to find your financial solutions. You can qualify for loans ranging from $100 up to $5, 000.

Furthermore, the eligibility criterion isn’t that strict as it looks to accommodate everyone, including those that traditional financiers won’t open their doors to. And instead of filling multiple applications, just one application on this platform is enough to get you a suitable lender. 

Another highlight is that SpeedyNetLoan services are accessible to the majority of US residents. Except for West Virginia, New York, and Washington, DC, all the other 48 states are eligible to apply. 

Besides accepting borrowers with a bad credit rating, you are not required to give your asset as collateral to qualify for a loan. All the loans are unsecured. However, these two factors may attract very high APRs of your loans. This is because borrowers with poor credit profiles are considered as high risk.

Remember, you don’t have to accept a loan offer if you feel like that the terms are unsatisfactory.  


  • Access to a variety of lenders 
  • Access to multiple loan products 
  • Quick application process 
  • Available in many states 
  • No credit score limit 
  • Access to high loan amount – up to $5,000


  • Not transparent with the rates 
  • Not available in all states 
  • No contact information available 


What types of loans can I access via SpeedyNetLoan? 

On this platform, you can access up to 3 loan products, including short-term installment loans, payday loans, and long-term installment loans. The loan amounts for all the credits types range from $100 up to $5,000. The repayment term is between 1 month and 5 years, depending on the loan type. 

Is SpeedyNetLoan safe? 

While there is nothing like 100% security on any website, SpeedyNetLoan makes use of advanced security protocols and 256-bit data encryption to protect your privacy and data. So, it’s safe to apply through its website. 

What documents do I need to apply? 

When applying, the lender you will be connected with may ask you to provide the following documents to verify your personal and income information. These include your Driver’s License, Social Security Number, Employment details, and Bank account information. 

I was matched with a lender, what next? 

Once you have been given a loan offer by a particular lender on the platform, carefully review it before moving forward with the application. 

If you are satisfied with the terms, accept the offer. You’ll be redirected to the lender’s website for further application. The lender may require you to provide a few documents to verify your information before qualifying you for a loan. 

If you are approved, you’ll be offered a loan agreement. Carefully review the contract – understand the rates, repayment terms, and other fees before signing the contract. 

Once you sign the contract, the funds will be deposited in your bank account. 

Eligibility Criteria

To apply for a loan via SpeedyNetLoan, you must meet specific minimum requirements. These include;

  • Be at least 18 years old 
  • Have a steady source of income
  • Live in the eligible states 
  • Have a bank account 

Note that the lender you’ll be matched with may have additional requirements that you must meet to qualify. 

State Availability

SpeedyNetLoan are accessible to residents of all US states except for;

Customer Support

A major drawback with SpeedyNetLoan is that it doesn’t provide any contact information on its website. However, for inquiries regarding your loan, you should direct them to your lender. 

Application Process

The online application should take you less than 10 minutes to complete. To get started, follow these steps;

Step 1 – Visit the SpeedyNetLoan website application page and click Apply 

Step 2 – Enter the preferred loan amount, monthly income, loan purpose, and your credit score range then click Get Cash Now. 

Step 3 – Enter your name and date of birth and then continue to the next step 

Step 4 – Enter your income information, including your primary source of income, next payday, and level of income. 

Step 5 – Enter your personal information, including your phone number, email, address, social security number, bank account number, bank routing number, and driver’s license. 

Step 6 – Read the terms of use and submit the application. Wait for a response. 

It may take up to 5 minutes for your application to be processed. If you are qualified, you’ll be given a loan offer from a potential lender. The offer contains all the details regarding the loan, including the loan amount, rates, and repayment terms. If you accept the offer, you will receive the allocated funds within the next business day.


SpeedyNetLoan is an ideal place to find a reliable lender. However, the platform raises concerns due to its lack of transparency about the rates and repayment terms. As well, it doesn’t provide any contact information. 

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