In-Depth Analysis

Fast5KLoans Review for 2024

Advertiser Disclosure
Written By
Julija A.
February 21, 2024
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

Life is unpredictable, especially when it comes to finances. This means you could very well go from having everything under control to not knowing what to do next because unplanned bills still need to be paid, and you don’t have enough money to settle them. That’s where personal loans come in.

Figuring out where to get a personal loan can sometimes feel like searching for a needle in a haystack. What’s more, even the most extensive searches for lenders do not always yield the best possible results for people seeking personal loans, as there are thousands of options out there. Aside from the risk of missing better rates and deals in the loan market, there is the unfortunate possibility that you could be scammed by unscrupulous parties if you are not careful. Knowing where to look is key, and that’s where Fast5KLoans can help.

Fast5KLoans is a loan comparison service that serves as a bridge between borrowers and lenders. Using a well-established network, Fast5KLoans connects lenders offering competitive rates on loans ranging from $500 to $35,000 to potential borrowers across the United States, including Washington, D.C.

So, what are Fast5KLoans’ pros and cons? Let’s take a look so you know what to expect from the service.

Loan Amounts:
$500 - $35,000

No minimum credit score requirements

Learn More

Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Minimum Credit Score:
No requirement
Loan Term:
60 days - 72 Months
Funding Time:
Usually next business day
5.99% to 35.99%; may vary based on different loan factors
Loan Amounts:
$500 - $35,000
Payment Frequency:
Once or twice a month
Minimum income:
Depends on the loan. Must be currently employed or receiving a steady income
pros thumb up Strengths
  • Offers an extensive range of loan amounts on personal loans
  • Loan terms are between six months and six years
  • The application process is very fast
  • The web platform is easy to navigate
  • Services are offered in all 50 US states
  • No hidden fees
pros thumb up Weaknesses
  • Does not have an online chat feature
  • Loans tend to come with high APRs
  • Some loans may not be available in all states

Fast5KLoans Overview

Fast5KLoans is owned and operated by a financial services company called Golden Entropy Marketing Inc. The company was founded in 2014 and currently has its headquarters in Encino, CA. After a decade of operation, Fast5KLoans has carved a niche for itself as one of the most reliable marketplaces for lending-related activities in the United States.

Fast5KLoans Features

Fast5KLoans offers potential borrowers access to lenders that can provide up to $35,000 in personal loans, with loan repayment periods that span up to six years.

What’s more, while regular personal loan providers may ask their clients to prove they have a good credit score, there is no minimum requirement with Fast5KLoans, so even borrowers with bad credit can apply.

This effectively means that almost anyone can apply with Fast5KLoans. However, if loans are banned or prohibited in your state of residence, you cannot use the service to connect with a lender.

The funding time for Fast5KLoans is quite fast, as once the loan application has been approved, funds are deposited into the borrower’s account ASAP, usually within the next business day.

The loans offered come with very agreeable terms, not limited to fees, data security, repayment options, legitimacy, and eligibility.

Let’s take a closer look at some of the key features of the loans offered.

Repayment Terms

Loan repayments are usually made on a monthly basis. However, this is highly dependent on the lender, so several other options are also available. Look at the Fast5KLoans offer carefully before deciding on a loan, though.

Sometimes, repayments are made through a standing order. This means that funds are automatically withdrawn from the borrower’s account on a pre-agreed date each month. Whatever the case may be, it is vital that you fully understand the terms involved before agreeing to any loan repayment plan. Should any of them turn out to be confusing or unclear, you should ask the lender to clarify.

Loan Rates and Fees

Traditionally, getting loans quicker means you’ll most likely have to pay higher rates. However, with Fast5KLoans, it’s an entirely different ballgame.

Fast5KLoans fees are entirely dependent on the terms set by your chosen lender. There are no hidden charges. After you have been marked as eligible for a loan, the rates and any applicable fees are all disclosed to you. It is important to remember that Fast5KLoans does not determine any of the loan terms - they simply connect you with the lenders.

Additionally, borrowers are under no obligation to accept any loan terms that they may find unfavorable. You can always retract your request, and the service even lets you do so without stating why you aren’t borrowing from a lender anymore.

Personal Loan Terms

The total cost of your loan will depend on several factors. It could be affected by the repayment method or the amount you’re borrowing ($500 to $35,000). It could also depend on the repayment period (2 to 72 months) or the fees that come (or don’t come) with the loan.

While the criteria for getting loans on Fast5KLoans are less strict, your credit score can still affect the loan terms, depending on the lender. The annual percentage rate (APR) can vary depending on various factors such as your credit score and credit repayment history.

When it comes to prepayment penalties, fees that lenders charge borrowers who pay off all or part of their loans ahead of schedule, they are solely dependent on the lenders. In other words, you may be able to find loans with no prepayment penalties.

Who is Fast5KLoans Suitable For?

As mentioned earlier, anyone who needs a quick personal loan can use Fast5KLoans, provided acquiring one is not prohibited in their state.

Fast5KLoans is perfect for bypassing the tedious and strict loan application processes at banks or other formal credit providers. Based on your search and loan purposes, Fast5KLoans helps you locate loan deals that are best suitable for you. 

What Types of Loans Can You Get From Fast5KLoans?

Fast5KLoans offers a variety of loans, from installment and payday loans to credit lines.

With Fast5KLoans, qualifying for a loan is much easier, the requirements are less strict, and success is pretty much guaranteed. However, you can still expect the loan terms to get better or worse depending on factors such as your credit score, loan amount, and the loan repayment period.

Loan Requirements

So, what is required to apply for a loan with Fast5KLoans? Here’s what you’ll need:

  1. You must be a US citizen
  2. You must be 18 or more (depending on your state’s legal age laws)
  3. You must be employed or and have a regular income stream
  4. You must have an active, verifiable bank account

How Does Fast5KLoans to Other Lending Marketplaces?

Fast5KLoans Logo

5.99% - 35.99%

Loan Amounts:

$500 - $35,000

Visit Website Logo

5.99% - 35.99%

Loan Amounts:

$500 – $10,000

Visit Website Logo


Loan Amounts:

$500 - $10,000

Visit Website

How To Apply For A Fast5KLoans Loan

The steps to apply for a loan from Fast5KLoans are pretty straightforward.

Step 1

Visit the Fast5KLoans website.

Step 2

Submit your required details, which typically include the following:

  • Your name
  • How much you need for the loan
  • The time you need to repay the loan
  • Your address and zip/postal code
  • Your email address
  • Your contact number
  • The time you would most prefer to be contacted
  • Your date of birth
  • Any existing credit card/unsecured debt-related questions
  • The minimum aggregate monthly payment you are comfortable with
  • Any other details (military service, car/real estate ownership, source(s) of income, monthly gross income, employer’s name)
  • Your ID number and state
  • Your Social security number. Note that providing this will not affect your credit score.
  • Your credit score
  • The purpose for requesting the loan
  • Your banking information

If you’ve done all of the above, it’s time to submit your request.

Step 3

Fast5KLoans should now have several loan offers ready. Browse through them to see which one suits you best.

Step 4

Select a loan offer suitable for you, read the terms carefully, and agree to take on that loan. The funds will be distributed to you within one business day.

Fast5KLoans Customer Support

As great as Fast5KLoans is as a service, there is some room for improvement when it comes to customer support. The main issue is that you can only get in touch with the customer service team through email, which means you’ll often have to wait a while to get your answer(s). With how many companies these days use toll-free phone numbers and live chat, it’s a glaring omission. 

Final Thoughts

If you’re looking for a quick loan and want to eliminate the stress of going through a typical bank application, then Fast5KLoans is the answer.

Fast5KLoans ticks all the boxes by combining a seamless application process with an easy-to-use website and plenty of lender options to choose from. The only real downside is the slow customer support, but consider that you can still get in touch with your chosen lender if there is a problem. Fast5KLoans should only be contacted if there is an issue that you cannot resolve with your lender.


Is Fast5KLoans legit?


Yes, Fast5KLoans is a legitimate service. It is a company known for connecting borrowers looking for personal loans with potential lenders.

Will my personal information be safe with Fast5KLoans?


Yes. That’s because Fast5KLoans is a safe platform. Of course, a 100% guarantee isn’t possible, as hacker attacks have been known to hit even the most secure online repositories. Still, you can rest assured that your data is protected by an advanced firewall and the latest encryption technologies.

What is the maximum loan term you can get with Fast5KLoans?


The maximum loan period for loans on Fast5KLoans is 72 months or six years.