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5KFunds Review: Get Up To A $35,000 Loan With Bad Credit

Last modified: Oct 31, 2022

Loan Types: Personal instalment loans
Loan Amount: $1,000 - $35,000
APR Range: 5.99% - 39.99%
Funds Availability: Nearly all 50 states
Minimum Revenue: Not specified
Loan Term: 60 days - 72 months
Funding Time: 24 hours
Credit Score Requirements: None
Pricing: No fees

5KFunds is an online lending service that offers short-term personal loans to anyone who needs them. The platform establishes a personal connection between borrowers and relevant lenders, which allows for a more transparent and efficient lending process.In this comprehensive 5KFunds review, we will be taking a closer look at some of the features that make this online service stand out, plus its biggest pros, cons, and alternatives.  

About 5kFunds

5k Funds is a legit online loan comparison service that links potential loan applicants with lenders. It specializes in providing short-term personal loans to all individuals, including those with bad credit or no credit history. 5kFunds does not offer loans, nor is it a direct lender5kFunds partners with a large network of loan providers, inducing Tribal lenders, who offer competitive loan rates and terms. In general, most of 5kFunds’ affiliate lenders can provide loans between $1,000 and $35,000 at a representative APR range from 5.99% to 39.99%. Loan terms are flexible and typically range from one to 72 monthsThere are a few things that make 5kFunds a great option for prospective loan applicants:

5kFunds Main Features and Benefits 

To better understand what 5KFunds is all about, we need to take a closer look at the loans and features it offers. 

Types of Loans

As any 5kFunds loan review will tell you, the site specializes in connecting borrowers with lenders offering short-term personal cash loans. Unlike a payday loan, personal loans are paid off in several installments over a certain period of time. They usually involve lower principals, but higher interest rates. On the bright side, there's no collateral required when taking out a 5KFunds loan, which means you won't have to put up any personal assets as security. This is known as an unsecured loan, which contributes to the overall low risk involved in borrowing from the platform.What’s more, there are no restrictions when it comes to how you spend the loan. You're free to use the money however you see fit, without having to answer to anyone as to what your loan purposes are.Some of the most common reasons why people take out 5KFunds loans include:

5KFunds Loan Term and Amount

One of the first things you'll notice about 5KFunds is the flexibility that comes with paying back your loan. Lenders on the platform offer a repayment period of anywhere from 60 days to 72 months, so you can choose a loan term that best fits your budget. Repayment on personal loans can be done either once a month or through two-week installments, depending on the particularities of your agreement. You may be able to arrange to have funds withdrawn automatically from your account on a specified date for extra convenience.As for the amount you can borrow, lenders on the site can provide you with small, short-term unsecured loans ranging from $1,000 to $35,000.


In terms of APR, the platform offers rates from as low as 5.99% to as high as 39.99%. However, the actual rate you'll get depends on your chosen lender and is based on a number of factors, including your credit score, repayment history, and the amount of money you're looking to borrow.


While 5KFundsis completely free of charge, don't assume that the lender will offer you money for free. You might be asked to pay origination fees, which can range from 1% to 3% of the total loan amount. The sum will be determined by the lender you're connected with through the platform as well as the loan terms agreed upon approval. 

Privacy and Security

All of your personal details are submitted voluntarily when you fill out a loan application with 5KFunds. The platform takes data security seriously and uses 256-bit encryption to protect all information that's provided.This information will be shared with the lenders you're paired with as well as any third-party service providers and affiliates deemed necessary for the loan approval process. The purpose of sharing information is solely to match you with a lender that can provide the best terms for your needs. In other words, your information will never be sold to any other party that's not affiliated with 5KFunds.

Eligibility Requirements

5kFunds has some basic loan requirements that prospective borrowers need to meet to request a loan.These criteria include:

It's worth noting that 5KFunds services are not not available in all 50 states. That said, your overall eligibility is further determined by the site, its affiliates, and/or its lending partners.

5kFunds Customer Support

One area that 5kFunds reviews identify as the platform’s weakness is customer support. The issue is that 5kFunds is only available through email. There is also a mailing address listed on the site, although none of it is provided as contact information. 

On the plus side, the likelihood of needing to contact 5kFunds directly is very low since all loan issues and queries should be directed to the loan provider. 

5kFunds Application Process

Applying for a 5KFunds loan is a fairly simple and straightforward process. You just need to follow these steps:

  1. Head to the 5KFunds website and select the desired amount you wish to borrow.
  2. Choose a suitable loan term repayment schedule.
  3. Enter your personal information, including your name, address, date of birth, and Social Security number.
  4. Select the type of checking account you have and provide the routing number.
  5. Agree to the terms and conditions and submit your application.
  6. Wait for loan offers from lenders.
  7. Carefully review loan terms and conditions.
  8. Choose a lender and sign a contract.
  9. Get the funds transferred directly to your checking account.

You'll have to wait for some time for the website to process and verify your information before you're connected with a lender, although in most cases you will be matched with loan providers in minutes. Once approved, the funds will be transferred to your account in less than 24 hours.Note: One of the most important steps in the application process is to carefully read the loan terms and conditions offered by the lenders. This will tell you how much you can borrow, the interest rate, the loan term, and the lender’s repayment policies. You are in no way obligated by the site to accept a loan offer. If none of the offers presented to you meet your requirements, you are free to walk away from the entire process or try again at no cost whatsoever. 

5k Funds Customer Reviews

The site has a poor rating on TrustPilot, although this is based on just seven reviews, which is too few to form a valid opinion of the platform. Many of the 5kFunds.com reviews are positive, though, with several users praising its fast approval time, easy application process, and reasonable eligibility requirements.

5kFunds Alternatives 

In a world where the number of financial service providers is constantly growing, it's only natural that you'd want to compare your options before making a decision. Here's a quick side-by-side look at 5KFunds and three other popular lending platforms.

5KFunds vs CashUSA

Loan amount$1,000 – $35,000 $500-$10,000
APR5.99% – 35.99%5.99% – 35.99%
Loan term61-days – 72-months 90 days - 72 months

CashUSA has a more limited loan amount range, beginning with $500 and topping off at $10,000, so it might be a better choice for borrowers who need a smaller personal loan. Also, the repayment terms at CashUSA.com range from 3 to 72 months, while 5kFunds offers more flexibility with loan terms from two to 72 months. 

5kFunds vs BadCreditLoans  

BadCreditLoans is another reputable lending marketplace. Like CashUSA, affiliate lenders on BadCreditLoans can go up to $10,000 on personal loans. This makes BadCreditLoans a more suitable option for people who need smaller loans that can be repaid faster. 

5kFundsGuide to Lenders
Loan amount$1,000 – $35,000$500 - $10,000
APR5.99% – 35.99%5.99% - 35.99%
Loan term61-days – 72-months 3 months - 72 months

5kFunds vs Guide to Lenders

Unlike 5kFunds, Guide to Lenders works with loan providers willing to offer larger personal loans, i.e. up to $50,000. However, the lending platform has not set any caps on APR, loan terms of fees, giving lenders free reign in making these decisions. 

5kFundsGuide to Lenders
Loan amount$1,000 – $35,000 $100 - $50,000
APR5.99% – 35.99%Varies by lender
Loan term61-days – 72-months Varies by lender 


  • Quick and easy application process
  • Free of charge
  • Flexible repayment terms
  • Huge network of potential lenders
  • No collateral required
  • All credit types accepted
  • Customer service could be better
  • Selected lenders may charge extra fees
  • Not available in all 50 states

If you find yourself in a financial bind and are in need of some quick cash, 5KFunds could be a great solution. Even though customer service isn't ideal, the application process is simple, fast and straightforward and you could have the money in your account in as little as 24 hours.

Just remember to take the time to read through the terms and conditions carefully before submitting your application. In this way, you'll be able to avoid any unexpected fees or legal issues down the road.


Is 5KFunds legit?

Yes, it's a completely legitimate online lending service that offers customers the opportunity to compare personal loans from a network of 100+ lenders, including Tribal lenders. 

Is 5KFunds safe?

Yes, the platform is safe to use. Their state-of-the-art encryption system ensures that all your personal and financial information is kept secure at all times.

How many lenders does 5KFunds have?

The platform has a network of over 100 licensed lenders.

Does 5KFunds do a hard inquiry?

No, it only does a soft inquiry when you first apply to determine your eligibility. This will not hurt your credit score. A hard inquiry, on the other hand, may be carried out by the lenders with one or several of the major credit reporting agencies.

How fast can I get a 5KFunds loan?

If you're approved for a loan, the money can be deposited into your account within 24 hours.

How can I contact 5KFunds’s customer service?

As mentioned in this 5KFunds review, the only way to contact customer service is via email or mail. The company does not have a live chat feature on the site. 

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