Simple Fast Loans: Is it legit? March 2021 review |
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Simple Fast Loans review

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With limited information available online, you may want to consider other options.

  • Best for borrowers with bad credit who need quick funding.
  • Pick something else if you want upfront info about rates and terms.


Min. Amount


Max. Amount

Same or next business day

Turnaround time


Product NameSimple Fast Loans installment loans
Min. Amount$200
Max. Amount$3,000
Loan Term3 months to 1 year
Turnaround TimeSame or next business day
RequirementsBank account, valid phone number, resident of serviced state

Expert review

Kellye Guinan

Review by

Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

Expert review

Simple Fast Loans is best for borrowers who don’t want to waste time filling out a long application. Like other short-term lenders, its loans are geared toward borrowers with bad credit.

But this means you’ll likely face high APRs. Simple Fast Loans isn’t transparent about its costs. Instead, it directs you to fill out its preapproval application to find out your potential rates.

There is also a high volume of complaints filed against it — so it may not be the easiest service to use.

You can compare more short-term lenders to find out what APR you can expect when you apply.

What is Simple Fast Loans?

Simple Fast Loans is a short-term lender that offers installment loans, lines of credit and title loans — although availability depends on your state. You may be able to borrow between $200 to $3,000, and loan terms last anywhere from three to 12 months.

However, Simple Fast Loans isn't transparent about its APR. When we contacted customer service, they told us that you need to apply for preapproval to preview rates. This won't affect your credit score, but it does mean you won't be able to estimate your costs until after your submit your personal information.

What states is Simple Fast Loans available in?

Simple Fast Loans offers installment loans to residents of 10 states:

  • Delaware
  • Idaho
  • Mississippi
  • Missouri
  • Nevada
  • New Mexico
  • South Carolina
  • Texas
  • Utah
  • Wisconsin

It also offers lines of credit to residents of Alabama and Tennessee as well as title loans to residents of Arizona.


  • Same-day funding available
  • Bad credit OK
  • No set minimum income requirement


  • Website is difficult to navigate
  • Not transparent about fees or interest
  • High volume of customer complaints
  • Limited state availability

Is it safe to apply for Simple Fast Loans?

Yes. Although Simple Fast Loans isn't transparent about its costs, it does have a secure website and a clear privacy policy. It won't sell your information — although it may share it with other companies. You can opt out by contacting Simple Fast Loans by phone or email.

Compare more short-term lenders

Before signing up with Simple Fast Loans, check out even more providers that may be able to provide potential rates before you apply.

Data updated regularly
Name Product Filter Values Loan amount Turnaround time Requirements
OppLoans Installment Loans
$500 – $5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Pheabs installment loan connection service
$100 – $35,000
As soon as next business day
Fair credit accepted
Check Into Cash Payday Loan
$50 – $1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
$100 – $35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Monevo Installment Loans
$500 – $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.

Compare up to 4 providers

What do borrowers say about Simple Fast Loans?

Simple Fast Loans has a limited number of reviews on its Better Business Bureau (BBB) page, but there is a high volume of complaints. Here's a brief review breakdown:

BBB accreditedNo
BBB ratingF
BBB customer reviews1.4 out of 5 stars, based on 10 customer reviews
BBB customer complaints26
Customer reviews verified as of30 October 2020

Most customers state that they were approved for a set amount but never received their funds. Others had problems with the high cost — but details are unavailable for a large majority of complaints. Before signing your loan agreement, make sure you understand the full cost of your loan and have the ability to repay it on time.

Am I eligible?

Simple Fast Loans does not list any specific requirements on its website, but you will need to meet these three criteria to apply:

  • Valid phone number
  • Resident of a serviced state
  • At least 18 years old

How do I apply?

To get started, follow these steps:

  1. Visit Simple Fast Loans' website to access its application.
  2. Enter information about yourself, including your Social Security number, date of birth and driver's license number.
  3. Enter your address, time at residence and phone number.
  4. Select your employment status, then enter information about your income and bank account.
  5. Select your loan purpose and review Simple Fast Loans' disclosures.

When you submit your application, Simple Fast Loans will let you know if you've been approved for the amount you requested, approved for a lower amount or denied. If approved, you'll be able to finalize your documents and receive your loans within a few business days. And if you're approved before 11 a.m., you may be able to receive your loan funds the same day you apply.

What documents do I need to apply?

To get started with an application, you'll need to provide some basic information about yourself:

  • Government-issued photo ID
  • Recent pay stub
  • Proof of checking or savings account
  • Social Security number
  • Date of birth

I got an installment loan. Now what?

To start making payments, log in to your Simple Fast Loans account by visiting the Make a payment page and entering your Social Security number, date of birth or account number and last name.

While Simple Fast Loans only requires you to make minimum monthly payments, try to pay as much as possible each month. This will help cut back on the amount you owe toward interest.

If you have any questions or run into any problems, contact Simple Fast Loans by phone, email or live chat.

Simple Fast Loans offers a quick process, but there are more short-term loan options with more transparent rates and terms so you can make the best decision for your finances.

Frequently asked questions

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