Fast novae are primarily located within the plane of the Galaxy, slow novae are found within its bulge. Because of high interstellar extinction along the line of sight many novae lying close to the plane are missed and only the brightest seen. One nova lying very close to the Galactic plane is V1721 Aquilae, discovered in outburst on 2008 September 22. Spectra obtained 2.69 days after outburst revealed very high expansion velocities (FWHM ~6450 km/s). In this paper we have used available pre- and post-outburst photometry and post-outburst spectroscopy to conclude that the object is a very fast, luminous, and highly extinguished A_V=11.6+/-0.2) nova system with an average ejection velocity of ~3400 km/s. Pre-outburst near-IR colours from 2MASS indicate that at quiescence the object is similar to many quiescent CNe and appears to have a main sequence/sub-giant secondary rather than a giant. Based on the speed of decline of the nova and its emission line profiles we hypothesise that the axis ratio of the nova ejecta is ~1.4 and that its inclination is such that the central binary accretion disc is face-on to the observer. The accretion discs blue contribution to the systems near-IR quiescent colours may be significant. Simple models of the nova ejecta have been constructed using the morphological modelling code XS5, and the results support the above hypothesis. Spectral classification of this object has been difficult owing to low S/N levels and high extinction, which has eliminated all evidence of any He/N or FeII emission within the spectra. We suggest two possibilities for the nature of V1721 Aql: that it is a U Sco type RN with a sub-giant secondary or, less likely, that it is a highly energetic bright and fast classical nova with a main sequence secondary. Future monitoring of the object for possible RN episodes may be worthwhile, as would archival searches for previous outbursts.
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