RedArrowLoans Review: Personal Loans of Up To $35,000

Wednesday, April 14th, 2021
Updated: April 14th, 2021
The content is accurate at the time of publication and is subject to change.

RedArrow Loans (former Fast 5k Loans) is a loan aggregator with an extensive network of authorized lenders. They specialize in short-term loans that are available almost in all 50 states (currently, there are no offers available to residents of AR, CT, GA, NY, VT, and WV).

RedArrowLoans is operated by Sincerely, LLC, a financial services company founded in 2014 and based in Boca Raton, FL.

RedArrowLoans Typical Loan Offers

Specific terms of your personal loan will vary depending on several factors, like your state of residence, the lender you choose to apply with, and your specific circumstances. Still, there are some standard personal loan terms. Thus, personal loans from RedArrowLoans range from 2 months to 6 years and you can choose to pay once or twice a month. Loan amounts can be anywhere from $500 and up to $35,000. The APR varies by lender but will ultimately depend on your credit score, repayment history, and other factors.

Basic Loan Requirements and qualifications

Since RedArrow Loans is a loan aggregator, there is no way to provide all the specifics and nuances of each lender’s lending policy. However, there are some basic requirements to get approved for any loan offered through RedArrowLoans.

18 years of age: The minimum age requirement for all applicants applying through RedArrowLoans is to be at least 18 years old.

US citizenship: You have to be a US citizen to apply. Legal residents on a working visa or green card holders are out of luck.

State restrictions: While the service operates in most states, you cannot apply for a loan through RedArrowLoans if you live in Arkansas, Connecticut, Georgia, New York, Vermont, and West Virginia.

Employment: You have to be currently employed or receive a steady income and have a minimum income of $1,800 a month.

Bank account: Like with all loan aggregators, you will need a bank account (preferably – a checking account) to apply for a loan because that is how lenders will deposit your loan when you apply and get approved.

Personal Loan Costs and APR

RedArrowLoans have a network of many lenders that have different lending methods. This means you have a high chance of approval, and that the eventual cost of a personal loan will vary a great deal. However, lenders’ policies are not the only factor that will contribute to the cost of a loan. Your state of residence, your credit score, amount of money that is borrowed, term of the loan, repayment plan, specific interest rates also matter and are taken into consideration when you apply for a personal loan through RedArrowLoans.

The Annual Percentage Rate (APR) will also vary from lender to lender and will be based on your credit score, income, the period of the loan, and the repayment plan. If the APR is not as low as you expected, you can always quit the application process and shop for other options.

Bottom line

RedArrow Loans is a solid loan aggregator that can appeal to those who want to shop efficiently for a loan. The range of loan amounts and loan terms can fit many consumers. The only thing to remember is that RedArrowLoans do not accept residents of AR, CT, GA, NY, VT, and WV states. If RedArrowLoans offers fit what you are looking for, then you should give them a shot to help you find the right lender for you.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Other Card Guides

Immediate Steps to Take When Your Identity is Stolen August 27th, 2021

Millions of Americans are at risk of identity theft every year. It’s a growing problem in the U.S., especially during the pandemic as identity thieves are targeting relief checks and unemployment benefits. Identity theft occurs when someone steals your personal information such as your Social Security number, bank account number or credit card information. There […]

Continue »
Debt-to-Income Ratio June 28th, 2021

In addition to the credit score and credit report, your debt-to-income (DTI) ratio is another important factor in your overall financial health. The debt-to-income ratio is the percentage of your gross monthly income that goes to paying your monthly debt and is used by lenders to determine the risk associated with you taking on another […]

Continue »
Choosing the Best Credit Card: What to Consider When Making a Decision May 25th, 2021

The consumer credit market is picking up the pace while credit cards are becoming the preferred payment method for Americans, especially during the COVID-19 pandemic. Consumers are being drawn to credit cards because of their flexibility and the increased variety and volume of rewards programs. For any person, a credit card can be a good […]

Continue »
5 Signs You Aren’t Using Credit Cards Enough February 28th, 2020

If you pay for most of your purchases with cash, checks or debit cards and shun your credit cards, you probably think you’re being fiscally responsible.

Continue »
Why You Shouldn’t Neglect a Concierge Service That Comes with Your Credit Card February 3rd, 2020

Imagine that you choose between two similar credit cards one of which does offer complimentary concierge services as a benefit while the other doesn’t. Would this be a decisive factor for you? Most likely not. Despite the fact that many credit cards have this perk in the rewards list, potential applicants rarely pay attention to […]

Continue »
Best Credit Offer
First Access Visa® Solid Black Credit Card
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Group One Freedom Card
Copyright © 2001-2021 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.