Fair.Loans Review


  • The service is completely free to use
  • Quickly and easily compare between lenders
  • No obligation to sign up for a loan


  • Must add contact details in order to get a quote
  • Website doesn’t offer much in the way of information or FAQs
  • No guarantee you’ll be accepted for a loan

Fair.Loans at a Glance

Loan typesUnsecured personal loans
Loan amountVaries by partnering lender
Repayment terms12-60 months
APR4.99% to 35.99%
Minimum credit score580
Best forComparing a variety of loan options from top lenders

Visit Fair.Loans


Fair.Loans is an online loans marketplace that offers consumers the opportunity to compare personal loans from its network of partnering lenders. Fair.Loans is owned by Backed Inc., a provider of unsecured loans. Fair.Loans doesn’t directly provide loans. Instead, it matches borrowers with lenders that do directly service loans. Through Fair.Loans, you can find the lender and loan that suits your needs. The lender or lenders then get in contact with you to determine whether you can be approved for a loan, and to begin the application process.

Best For

Fair.Loans is best for borrowers who wish to compare between loan options and lenders before making a final decision. Like other online loan marketplaces, Fair.Loans’ business model is based on having its network of lenders compete for your business. Increased competition between businesses is almost always good for consumers, and in the case of Fair.Loans this strong sense of competition can lead to borrowers being offered favorable loan amounts, rates, and terms. Fair.Loans operates online and is therefore well-suited to busy, internet-savvy borrowers who are comfortable filling out online forms and seeing the results on their desktop or smartphone.

Range of Loans on Offer

This service was launched recently and for the time being it offers quotes for unsecured personal loans. Fair.Loans connects borrowers to Backed Inc. and a number of third-party lenders. Backed Inc. offers personal loans to residents of New York, New Jersey, Florida, and Arkansas for purposes such as paying off credit cards, consolidating debt, making investments, paying for weddings and other large purchases, and paying for professional training courses.

Fair.Loans doesn’t disclose the number of third-party lenders in its network nor give information about which third-party lenders it works with. To find out which lenders offer personal loans in your state and cater to your needs, you’ll need to fill in your contact details and give some information about what type of loan you’re after.

Here are some of Fair.Loans’ highlights:

  • A competitive personal loans marketplace
  • Single application to prequalify for multiple lenders
  • Unsecured loans can be used for any purpose
  • Wide range of terms and rate

The Application Process

The process of applying through Fair.Loans is very simple. First, fill out a short online form on the Fair.Loans homepage with the following information:

  • Email address
  • First name
  • Last name
  • Primary phone number
  • Loan amount
  • Annual incom

Next, you’ll receive a message with a 6-digit code which you’ll need to enter into the online form to proceed. Finally, you’ll be asked a few additional questions to be shown which lenders can pre-qualify you and the types of personal loans they’re able to offer you.

You can expect to hear from your chosen lender or lenders within 24 to 48 hours with more information about their loans and the application process. Most lenders will conduct a credit inquiry and ask you to provide at least the following information in order to process your application for a personal loan:

  • Social Security Number or state-issued driver’s license
  • Proof of income, in the form of pay stubs and/or tax forms
  • Verifiable bank accoun

How Much Can You Borrow?

Fair.Loans doesn’t reveal any loan limits anywhere on its website. However, personal loans tend to vary from as low as $1,000 to as high as $40,000, and this is presumably the case when it comes to Fair.Loans’ network of lenders.

Repayment Term

Loan terms and APRs can vary significantly between lenders. According to Fair.Loans, it connects borrowers with loan terms of anywhere from 12 months to 60 months, and APRs of as low as 4.99% to as high as 35.99%. Of course, a number of factors go into determining rates and terms, including the individual borrower’s location, income, credit score, and other financial metrics.

Privacy & Security

Because Fair.Loans isn’t a direct lender, you won’t need to provide any details beyond your name and email address. Fair.Loans may share the information you provide with third-party lenders, who will contact you to continue the application process. Your lender of choice will ask you for personal details such as SSN and pay slips in order to process your application. Therefore, you should familiarize yourself with the security policy and terms of use of your chosen lender.

Help & Support

Customer service staff can be contacted via the contact request form, by emailing info@Fair.Loans, by calling (877) 583-3680, or by mailing Fair.Loans’ physical address.


Fair.Loans brings the marketplace model made famous by the likes of eBay and Airbnb to the world of personal loans, whereby lenders compete for borrowers’ attention. All this competition means one thing for borrowers: better rates, terms, and loan amounts. Fair.Loans isn’t a direct lender, but its service is free, quick, and simple to use, and it can pre-qualify and connect borrowers to multiple lenders in very quick time.

Physical Address


106 West 32nd St., Suite 111

New York, NY 10001

Visit Fair.Loans

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