About Lender
Simple Fast Loans is an online lender that offers quick and easy installment loans to people who need help. With a simple application process they give fast loan decisions and funding, good and bad credit welcome. They make it easy for customers by simplifying the whole borrowing process so you can get funds fast, sometimes the next business day, so it’s a great option if you need quick relief.
Loans for unexpected expenses or big purchases. No collateral required. Simple application process, approval in minutes. Basic personal info, checking account and meet the creditworthiness criteria. All that and more makes Simple Fast Loans a quick fix for short term needs.
Key Features
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Online Installment Loans. Simple Fast Loans offers online installment loans for convenience.
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Fast Application Process. Simple application process so you can apply for a loan hassle free.
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Instant Loan Decisions. Simple Fast Loans gives you instant loan decisions so you know where you stand as soon as you apply.
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No Collateral Required. No collateral required so more people can apply.
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Flexible Repayment Terms. Flexible and easy repayment terms to fit your financial situation and ability.
Pros and Cons
Pros
Fast. Online lenders have a simple application process that can be done online so you can get a loan decision and funding fast.
Convenient. You can apply for a loan from the comfort of your own home without having to visit a physical location.
Accessible. Simple Fast Loans gives personal loan offers to people who can’t qualify for bank or credit union loans, bad credit or no credit.
Cons
High Interest Rates and Fees. Online lenders may have higher interest rates and fees than bank or credit union loans.
Short Repayment Terms. Simple Fast Loans loans may have short repayment terms from a few weeks to a few months.
Predatory Lenders. Some online lenders may be predatory, charging excessive fees or interest rates or hiding information in the loan agreement.
Risk of Default. If you can’t repay the loan on time you may be charged extra fees and penalties and even damage your credit score.
Reliability
Privacy and Security. They emphasize privacy and security of personal and financial information so they can maintain high level of trust and reliability.
BBB. Not accredited by BBB. F rating.
Trustpilot. Simple Fast Loans 4.9/5 on Trustpilot.
How to Apply for a Simple Fast Loans Loan?
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Visit the Website. Go to the homepage Simple Fast to start the process.
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Select Your State. On the homepage or under the loan option you've chosen, select your state from the dropdown menu to ensure that the loan is available in your area and to comply with state-specific regulations and offerings.
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Click on the 'Apply Now'. Once you have chosen your loan type and confirmed your state, look for the 'Apply Now' button to begin the application process.
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Fill Out the Online Application. You will need to provide personal information, such as your name, address, email, employment details, and financial information. Ensure all the details are accurate to avoid any delays in the processing of your application.
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Complete Verification Process. Follow the instructions for verifying your identity and information. This step is crucial for the approval of your loan application.
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Submit Your Application. After filling out all necessary fields and completing the verification process, submit your application for review.
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Wait for an Instant Loan Decision. Simple Fast Loans provides loan decisions in just minutes. Keep an eye on your email or the website for your application status.
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Review and Accept Offer. If your application is approved, you will receive a loan offer. Review the terms and conditions carefully. If everything is in order, accept the offer.
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Receive Your Funds. Once your loan agreement is signed and returned, Simple Fast Loans will deposit the funds into your account by the next business day, depending on the time of your loan approval and signing.
Conditions and Requirements
Conditions
Loan Amounts. Simple Fast Loans offers loans from $200 to $3,000 so you can choose what you need.
Interest Rates. Interest rates up to 730% which is the cost of borrowing and may vary depending on loan terms and your credit score.
Loan Terms. Loan terms up to 12 months so you have options to fit your financial situation.
Requirements
Age and ID. Must be at least 18 years old and have valid government-issued photo ID.
Residency. Must reside in a state where Simple Fast Loans operates and provide proof of residency.
Employment and Income. Must have verifiable income to show you can repay the loan. This includes employment, self-employment or regular income from benefits.
Bank Account. A checking account in your name is required. This account will be used for loan funding and repayment.
Creditworthiness. Simple Fast Loans accepts good and bad credit but a soft credit check may be performed to assess creditworthiness. The result of this check may affect loan approval and terms.
Application Information. Must provide accurate and complete information during the application process including personal details, income and employment information.
No Collateral Required. Simple Fast Loans installment loans do not require any collateral.
Military Eligibility. Active duty military personnel, their spouses and dependents are not eligible for a loan according to federal law.
Ways to Receive the Money
To get a loan from Simple Fast Loans, the borrower provides valid checking bank account information during the application process. Funds are deposited directly into this account. Loans applied before 2:00 PM ET are funded the same day. Loans applied after 2:00 PM ET are funded next business day.
Products
Installment Loan. These loans give you a lump sum of cash to be repaid over a set period in regular payments. Installment loans are for people who need funds for personal expenses and want a structured repayment plan.
Personal Loan. For people who want to borrow for personal use, personal loans from Simple Fast Loans can be used for debt consolidation, unexpected bills or home improvement projects.
Other Personal Loans
Reasons for Loan Refusal
Loan applications may be denied for many reasons including age and ID issues. Simple Fast Loans requires applicants to be at least 18 years old and have valid government-issued photo ID to verify their identity. Applicants must reside in a state where Simple Fast Loans operates and provide proof of residency. Employment and income verification is also required as applicants must have verifiable income whether through employment, self-employment or regular benefits. A checking account in the applicant’s name is also required for loan funding and repayment. While credit checks are performed, Simple Fast Loans accepts good and bad credit but creditworthiness may affect loan approval and terms. Active duty military personnel, their spouses and dependents are not eligible for a loan according to federal law.
How to Repay a Simple Fast Loans Loan?
Repaying a Simple Fast Loans installment can be done through Electronic Funds Transfer (EFT) which makes the payment process easy and hassle free. When the lender initiates an EFT request for a scheduled payment, the amount specified in the loan agreement will be automatically deducted from the borrower’s bank account to the lender. EFT payments are convenient and reliable so you don’t have to worry about manual transactions. All you need to do is make sure you have enough funds in your account on the payment due date, EFT is the way to go to pay on time and efficiently.
Loans like Simple Fast Loans
OppLoans
OppLoans is a notable financial service provider that offers consumer loans varying from $500 to $4,000. They expedite the funding process to ensure that approved applicants receive the necessary funds promptly, which is advantageous for those dealing with immediate financial concerns. OppLoans offers adaptable repayment conditions, giving customers the choice between 9, 12, and 18-month loan terms. This adaptability allows borrowers to opt for a repayment plan that matches their financial ability, ensuring a seamless and manageable loan journey.
Rise Credit
RISE Credit is a reliable online lender that provides loans up to $5,000. They have a streamlined application procedure, allowing borrowers to have funds transferred to their accounts as early as the next business day. They present the flexibility of choosing a payment schedule that fits with the financial preferences of the customers, although some state-based restrictions might apply. A notable feature of RISE Credit is its 5-Day Risk-Free Guarantee, which permits borrowers to revoke their loan and return the principal with zero fees or interest within the given period. Additionally, RISE Credit grants customers complimentary access to their credit score and credit monitoring alerts through Credit Score Plus, offering valuable financial insight.
OneMain Financial
OneMain Financial stands as a distinguished and enduring lender, offering personal loans that range between $1,500 to $20,000. Boasting a century’s worth of experience in the financial sector, they have garnered the trust of a vast customer base. Their loan terms include fixed rates and fixed payments, offering a predictable and manageable repayment scenario to borrowers. OneMain Financial emphasizes personalized service, ensuring that the distinct needs of each customer are addressed. With a widespread network of approximately 1,400 branches, they provide easy access and convenience for individuals in search of financial aid.
Universal Credit
Universal Credit requires applicants to have a minimum credit score of 560, thus excluding those with no credit history. It is appealing for its credit-enhancement features, making it suitable for individuals with fair or poor credit looking to better their scores. Providing larger loan amounts than Oportun and next-day funding upon approval, it emerges as a solid choice for significant, urgent financial needs. Universal Credit extends its loan services across all 50 states and Washington, D.C., offering a wide geographical coverage.
Editorial Opinion
Important
How to Choose a Lender
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Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
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Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
Additional Resources
- Full Simple Fast Loans Account Review
- How to Apply for a Simple Fast Loans Loan
- How to Repay a Simple Fast Loans Loan
- Simple Fast Loans Customer Reviews
- All Simple Fast Loans Coupons and Promo for February 2025
- Simple Fast Loans Loans for February 2025
