diff --git a/src/node_external_reference.h b/src/node_external_reference.h
index ae37094c8e117e..ae2422f919ad99 100644
--- a/src/node_external_reference.h
+++ b/src/node_external_reference.h
@@ -27,6 +27,11 @@ using CFunctionCallbackWithStrings =
              const v8::FastOneByteString& base);
 using CFunctionWithUint32 = uint32_t (*)(v8::Local<v8::Value>,
                                          const uint32_t input);
+using CFunctionCallbackWithStringOptions =
+    bool (*)(v8::Local<v8::Object>,
+             const v8::FastOneByteString& input,
+             // NOLINTNEXTLINE(runtime/references) This is V8 api.
+             v8::FastApiCallbackOptions& options);
 
 // This class manages the external references from the V8 heap
 // to the C++ addresses in Node.js.
@@ -41,6 +46,7 @@ class ExternalReferenceRegistry {
   V(CFunctionCallbackWithInt64)                                                \
   V(CFunctionCallbackWithBool)                                                 \
   V(CFunctionCallbackWithString)                                               \
+  V(CFunctionCallbackWithStringOptions)                                        \
   V(CFunctionCallbackWithStrings)                                              \
   V(CFunctionWithUint32)                                                       \
   V(const v8::CFunctionInfo*)                                                  \
diff --git a/src/node_file.cc b/src/node_file.cc
index aca7ec82101a60..43e4145e6193ab 100644
--- a/src/node_file.cc
+++ b/src/node_file.cc
@@ -31,6 +31,7 @@
 #include "node_stat_watcher.h"
 #include "permission/permission.h"
 #include "util-inl.h"
+#include "v8-fast-api-calls.h"
 
 #include "tracing/trace_event.h"
 
@@ -57,8 +58,11 @@ namespace fs {
 
 using v8::Array;
 using v8::BigInt;
+using v8::CFunction;
 using v8::Context;
 using v8::EscapableHandleScope;
+using v8::FastApiCallbackOptions;
+using v8::FastOneByteString;
 using v8::Function;
 using v8::FunctionCallbackInfo;
 using v8::FunctionTemplate;
@@ -1095,6 +1099,46 @@ static void ExistsSync(const FunctionCallbackInfo<Value>& args) {
   args.GetReturnValue().Set(err == 0);
 }
 
+bool FastExistsSync(v8::Local<v8::Object> recv,
+                    const FastOneByteString& string,
+                    // NOLINTNEXTLINE(runtime/references) This is V8 api.
+                    FastApiCallbackOptions& options) {
+  Environment* env = Environment::GetCurrent(recv->GetCreationContextChecked());
+
+  MaybeStackBuffer<char> path;
+
+  path.AllocateSufficientStorage(string.length + 1);
+  memcpy(path.out(), string.data, string.length);
+  path.SetLengthAndZeroTerminate(string.length);
+
+  if (UNLIKELY(!env->permission()->is_granted(
+          permission::PermissionScope::kFileSystemRead, path.ToStringView()))) {
+    options.fallback = true;
+    return false;
+  }
+
+  uv_fs_t req;
+  auto make = OnScopeLeave([&req]() { uv_fs_req_cleanup(&req); });
+  FS_SYNC_TRACE_BEGIN(access);
+  int err = uv_fs_access(nullptr, &req, path.out(), 0, nullptr);
+  FS_SYNC_TRACE_END(access);
+
+#ifdef _WIN32
+  // In case of an invalid symlink, `uv_fs_access` on win32
+  // will **not** return an error and is therefore not enough.
+  // Double check with `uv_fs_stat()`.
+  if (err == 0) {
+    FS_SYNC_TRACE_BEGIN(stat);
+    err = uv_fs_stat(nullptr, &req, path.out(), nullptr);
+    FS_SYNC_TRACE_END(stat);
+  }
+#endif  // _WIN32
+
+  return err == 0;
+}
+
+CFunction fast_exists_sync_(CFunction::Make(FastExistsSync));
+
 // Used to speed up module loading. Returns an array [string, boolean]
 static void InternalModuleReadJSON(const FunctionCallbackInfo<Value>& args) {
   Environment* env = Environment::GetCurrent(args);
@@ -3385,7 +3429,7 @@ static void CreatePerIsolateProperties(IsolateData* isolate_data,
   SetMethod(isolate, target, "accessSync", AccessSync);
   SetMethod(isolate, target, "close", Close);
   SetMethod(isolate, target, "closeSync", CloseSync);
-  SetMethod(isolate, target, "existsSync", ExistsSync);
+  SetFastMethod(isolate, target, "existsSync", ExistsSync, &fast_exists_sync_);
   SetMethod(isolate, target, "open", Open);
   SetMethod(isolate, target, "openSync", OpenSync);
   SetMethod(isolate, target, "openFileHandle", OpenFileHandle);
@@ -3512,6 +3556,8 @@ void RegisterExternalReferences(ExternalReferenceRegistry* registry) {
   registry->Register(Close);
   registry->Register(CloseSync);
   registry->Register(ExistsSync);
+  registry->Register(FastExistsSync);
+  registry->Register(fast_exists_sync_.GetTypeInfo());
   registry->Register(Open);
   registry->Register(OpenSync);
   registry->Register(OpenFileHandle);
diff --git a/test/parallel/test-fs-exists.js b/test/parallel/test-fs-exists.js
index 857f3f26174549..ad939d6fb5899a 100644
--- a/test/parallel/test-fs-exists.js
+++ b/test/parallel/test-fs-exists.js
@@ -54,3 +54,12 @@ assert(!fs.existsSync(`${f}-NO`));
 assert(!fs.existsSync());
 assert(!fs.existsSync({}));
 assert(!fs.existsSync(new URL('https://foo')));
+
+{
+  // This test is to ensure that the v8 fast api works.
+  const oneBytePath = 'hello.txt';
+  for (let i = 0; i < 1e5; i++) {
+    assert(!fs.existsSync(oneBytePath));
+    assert(fs.existsSync(__filename));
+  }
+}