Fast Access Financial Reviews, Ratings And Fees March 2023

Based on 1
Customer Reviews
1099 Kingston Road Suite #212
Pickering, Ontario
L1V 1B5
  • Monday-Friday 9 am to 5 pm

Who Is Fast Access Financial

Founded in Pickering, Ontario in 2003, Fast Access Financial’s main goal is to prevent Canadians from getting stuck in the endless payday loan cycle. Instead, they provide affordable alternatives with flexible repayment terms. Their team of experts takes into consideration a wide variety of factors when making approval decisions, not just your credit score.

How Can I Qualify With Fast Access Financial?

The main products that Fast Access Financial offers are personal loans of up to $5,000. These loans get deposited directly into your bank account and must be repaid through scheduled installments over a maximum period of 12 – 36 months. However, they also offer several other products, each of which could involve slightly different approval requirements.

The Basics

As such, it’s important to prepare yourself properly for the application process. To give you a better idea of what it takes to qualify with Fast Access Financial, here’s a brief explanation of what you’ll need to get approved for a basic personal loan with favourable conditions. 

Although qualifying with Fast Access is easier than with other Canadian lenders, you’ll have better chances of securing a larger loan with a lower interest rate and a longer repayment term if you have the following requirements:

  • Full-time employment for at least 6 months (35 hours per week minimum)
  • Proof that you’re at least 21 years old 
  • A verifiable checking account (with direct deposit capability)
  • Proof that you’re a permanent Canadian resident

What Documents Will I Need to Apply With Fast Access Financial?

Using the same example, let’s talk about some of the personal and financial information you’ll have to provide when filling out your loan application with Fast Access Financial. Before you get started, keep in mind that the documents/information you’ll need may vary according to what kind of credit product you’re trying to acquire. 

For instance, a mortgage can involve a more complicated process than any personal loan, so you may have to fill in some additional details. However, the basic documents you’ll need for your application to be considered are:

  • 2x pieces of valid Government Identification (with photos) 
  • 3x references (2 relatives and 1 friend)
  • Your 2 latest pay stubs
  • Your most recent 60 days of bank statements
  • A pre-authorized debit form (stamped by a bank teller) or a VOID cheque
  • Proof of your permanent address (most recent 30-day utility bill, etc.) 

As mentioned, other forms of documentation may be required if you’re applying for a mortgage, car title loan, or “Close My Deal” loan, such as information about your available collateral, proof that you own your vehicle, and proof of Property Ownership. Take a look at the Fast Access Financial webpage to see their full list of requirements. 

What Features Does a Fast Access Personal Loan Offer?     

When you’re looking for the right personal loan, there are several elements you should be on the lookout for, such as how much financing you can get, how high your interest rate could be, how quickly you can collect the money, and when you must repay it. It’s also essential to make sure the positive aspects of the loan outweigh the negative ones. 

Here are just a few of the positive features that come with applying for a personal loan through Fast Access Financial:

  • Loan amounts of $1,000 – $5,000
  • Adjustable interest rates (starting at 9.90%)
  • Funding that can be acquired in as little as 24 – 72 hours
  • Flexible repayment terms of 12 – 36 months (1 – 3 years)
  • Payments are also flexible (weekly, bi-weekly, or monthly installments) 
  • Applications can be filled out 100% online or over the phone
  • Approval requirements are relatively easy compared to other lenders
  • Their website is simple to navigate and most costs are listed upfront 
  • Good payments will gradually increase your Equifax credit score

What Could a Loan From Fast Access Financial Cost Me?

Although it can be pretty easy to get approved for funding from Fast Access Financial, it’s always important to tally up the potential associated costs beforehand, so you don’t end up with any high-interest debt that you cannot afford. 

Additionally, remember that Fast Access Financial will report your payment activity to Equifax, one of Canada’s leading credit bureaus. As such, any payments you miss will not only lead to a penalty, they can severely decrease your credit score, making you ineligible for good loan conditions and affordable interest rates in the future.

So, before you actually apply for a personal loan or other credit product from Fast Access Financial, be sure to factor the following costs into your budget:

  • Loan Principal – Your payments will be automatically withdrawn from your bank account. If your account has insufficient funds, you may be charged a penalty fee.
  • Interest Rate (15.75% – 58.99% APR)This is your lender’s fee for borrowing. While yours can be adjusted according to your financial health, a high rate can definitely drive up the overall cost of your personal loan.
  • Administrative FeesAlthough the amounts aren’t listed, Fast Access does mention an applicable application fee on their website. When you borrow and make payments, you may also be subject to various origination fees and taxes.
  • Penalty FeesAs mentioned, you may be charged a penalty for any late, short, or missing loan payments. However, this won’t be a problem if you always make your payments on time and in full. 

What Are the Pros and Cons of Applying With Fast Access Financial?

Prior to applying for a personal loan, mortgage, or other credit product through Fast Access Financial, don’t forget to weigh the potential advantages and disadvantages, as they can affect your finances and credit score in the long run:


  • Quick and easy approval
  • Flexible repayment terms and interest rates
  • Several products and loan amounts offered
  • Good payments can improve your credit


  • Interest rates can be high
  • Missed payments can damage your credit and lead to penalty fees
  • Defaulting on a secured loan can result in the loss of your collateral
  • Administrative fees are not listed upfront     

Fast Access Financial: Frequently Asked Questions

What is a car title loan?

A car title loan is when you offer your vehicle’s title as collateral (loan security) in exchange for a larger loan with a better interest rate. In this case, Fast Access Financial can offer you a secured loan up to $10,000, as long as your car is a 2009 model or newer and has less than 200,000 km on the odometer. To qualify, you must also prove that you own the vehicle outright, meaning there are no payments left on it. If you miss too many of your upcoming payments, your lender will have the legal right to repossess and resell your vehicle to cover your unpaid debt.

What is a “Close My Deal” loan?

If you’re looking to deal with any mortgage closings costs, such as the fees associated with legal proceedings, real estate transactions, or moving costs, Fast Access Financial can provide you with a loan of up to $7,500 to cover them.  With rates starting at 19.99% and repayment terms of 1 – 3 years, you will need to have Property Ownership for at least 60 days before applying and a loan-to-value (LTV) ratio of no more than 85% in order to be approved.  


Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Requirements & Documents

Personal Loan

$1,000 - $5,000
Interest Rate
Starting at 9.90%
Term (Months)
12 - 36
Funding Time
24 - 72 hours
Funding Method
Direct deposit
Repayment Options
  • Weekly
  • Bi-weekly
  • Monthly
  • Canadian resident
  • At least 21 years of age
  • Valid bank account
  • Employed full-time (min. 35 hours a week)
  • Be employed for the last 6 months
  • Last 2 pay stubs
  • 60 days of bank statements
  • 2 pieces of  valid ID
  • Void cheque/ pre-authorized debit
  • Address verification
  • 3 references

Reviews & Ratings

See what others have to say about Fast Access Financial

Fast Access was able to get me the money I needed, staff is very friendly and they know what they are talking about.

- Alfie G. (June 11, 2019)


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