88 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

  • Loans from $500 – $35,000
  • APRs from 5.99%
  • Up to 72 months repayment
  • No minimum credit score
Pros & Cons
  • All credit types are acceptable
  • No collateral required as 5KFunds only offers unsecured personal loans
  • No credit check required and applying won’t affect your credit score
  • Not available in NY, CT, VT, WV, AK, and GA

5KFunds Review 2023

5KFunds is a well-established lending marketplace, offering free loan comparisons from over 100 approved lenders, all in one location. 

With 5KFunds you can get a loan in as little as one business day and choose repayment periods of up to 72 months. With APRs starting at 5.99%, a 5KFunds loan can be a great option if you’re looking for fast funding.

Founded in December 2015, they operate under Sincerely, LLC. Their business address is located in Boca Raton, Florida.

Note: 5KFunds loans are available in most U.S. states except New York, Connecticut, Vermont, West Virginia, Alaska, and Georgia.

How We Rate 5KFunds

At Financer.com, all lenders go through a thorough research and review process. Here’s how we rate 5KFunds:

Application process⭐⭐⭐⭐
Loan terms⭐⭐⭐⭐
Customer support⭐⭐

Do We Recommend 5KFunds?

Yes, we recommend 5KFunds as a reliable lender marketplace. Skip to our full review below and see how we rate 5KFunds.

Here’s what we’ll cover in this review:

Want to skip the details? Jump to our final verdict here.

5KFunds Overview

5KFunds offers loans from $500 to $35,000 and APRs from 5.99%. They have flexible payment options and there are no minimum credit score requirements.

Borrowers have up to 72 months to pay and the approval process is very fast.

Here’s a quick summary of 5KFunds:

Loan type:Personal loans
Loan amount:$500 – $35,000
Loan term:Up to 72 months
APR:From 5.99%
Min. credit score:None
Monthly fees:None
Payout time:One business day
Weekend payout:No
Requirements:At least 18 years old
U.S. citizen
Active bank account
Regular income
Valid phone number and email

5KFunds is committed to providing loan options regardless of credit score – one of the many advantages of using 5KFunds.

5KFunds also offers lines of credit to customers who are typically underserved at traditional financial institutions.

Want to find out more about the full range of offerings? Read our 5KFunds review below or view 5KFunds reviews from customers.

5KFunds Pros and Cons

Here are some of the pros and cons of 5KFunds as a lender:

5KFunds is seen as one of the top lending marketplaces for U.S. borrowers as it has an extensive range of approved lenders onboard.

With the 5KFunds platform, borrowers can get fast payouts as soon as the next day on approved loans. This means you can complete the entire process online without having to visit a lender’s office in person.

One of the best features of 5KFunds is their 100% free application process which also offers a fast turnaround time, making it ideal to apply for a loan online.

Borrowers with bad credit can also apply as there are no minimum credit score requirements, making 5KFunds a good option for people with lower credit scores.

As 5KFunds specializes in unsecured loans, you don’t need collateral to apply.


  • Not available in NY, CT, VT, WV, AK, and GA.

  • No online chat feature.

  • No toll-free helpline for assistance.

The only real drawback of 5KFunds is that they don’t operate in all U.S. states. This means that if you live in the states listed above, you won’t be able to apply.

However, if you’re looking for custom loan offers in these states, we list a range of verified lenders that offer personal loans online.

There is unfortunately no live chat option, so customers need to send an email to customer support with their inquiry. They do offer a fast turnaround time, though.

Compared to other U.S. lenders, there is no toll-free helpline available, which might be a dealbreaker for some potential borrowers.

Who Is 5KFunds For?

5KFunds are for borrowers looking for a fast online loan without requiring a high credit score. By comparing multiple lenders, 5KFunds can give you personalized loan offers from leading U.S. lenders and there are no application fees.

If you’re looking for the best loan rates and you have an excellent credit score, you may want to consider other lenders that can offer you competitive rates.

Eligibility Requirements

Here are the loan requirements when applying for a 5KFunds loan:

  • Be at least 18 years old.
  • Be a U.S. citizen.
  • Have an active bank account that accepts direct deposits.
  • Have a regular stream of income.
  • Have a valid contact number and an active email address.
  • No minimum credit score is required.

Who It’s For

5KFunds is for you if:

  • You have a less-than-perfect credit history
  • Need funds fast
  • Want to get multiple loan offers
  • Don’t have collateral
  • Want to complete an online application

Who It’s Not For

5KFunds may not be a good option for you if:

  • You want the lowest APR rates
  • Need a loan of more than $35,000
  • Want to take out a secure loan
  • Live in these states: NY, CT, VT, WV, AK, or GA

How To Apply for a 5KFunds Loan

Applying for a 5KFunds loan is fast and easy. Here are the steps:

Step 1

Visit the Website

Go to the 5KFunds website and click on the ‘Get Started’ button. 


Step 2

Submit Your Details

Submit your details, such as the loan amount required, the repayment term, your employment details, and your banking details. 

Step 3

Verify Your Identity

Once you click on Continue, you’ll need to verify your identity by entering the last four digits of your Social Security Number (SSN).

Step 4

Receive Offers

A list of loan offers that best suit your needs will appear, making it easy to compare multiple offers in one place, within minutes.

Once a loan is approved, customers must communicate directly with their individual lenders to get personalized information.

Loan amounts range from $500 to $35,000 depending on the lender.

Each loan contract contains different requirements. It is essential that you thoroughly read your agreement before committing.

Chosen 77,597 times
  • Loans from $500 – $35,000
  • APRs from 5.99%
  • Up to 72 months repayment
  • No minimum credit score

What To Consider Before Applying

  • Before you apply for a personal loan, confirm that you reside in one of the states where 5KFunds operates in.
  • To make sure you understand the costs involved in a 5KFunds loan, always research the offers from lenders and look for origination fees, prepayment penalties, late fees, and more.
  • We suggest you always double-check any policies and terms before agreeing to a loan from a lender as 5kFunds just operates the marketplace and does not guarantee terms.
  • Although there is no minimum credit score required based on our 5kFunds review, keep in mind that the lender might do a hard credit check to determine your eligibility when you complete your loan application.

5KFunds Fees

  • APRs differ between lenders ranging from 5.99% – 35.99%. There are NO fees associated with using the 5KFunds site itself, though many lenders may have their own fees. Fees are dependent on the lender, not 5KFunds.
  • There are no prepayment penalties or hidden fees. Contact your lender directly If you are unsure whether you’ll be able to afford the repayments.

5KFunds Payment Terms

The repayment terms range from a 61-day minimum to a 72-month maximum. 5KFunds does not determine the rates and terms, as these are decided by the lending partners.

Some lenders allow payments to be debited automatically from your account to help you avoid late or missed payments. Payment schedules and late payments are worked out directly with the lender.

Be sure to read the terms of your loan offer before you agree and accept.

Chosen 77,597 times
  • Loans from $500 – $35,000
  • APRs from 5.99%
  • Up to 72 months repayment
  • No minimum credit score

How Financer.com Rates 5KFunds

Is 5Kfunds legit? Yes, at Financer.com we recommend 5KFunds.

At Financer.com, all lenders go through a thorough research and review process. We don’t make recommendations lightly.

All loan applications are done through their easy-to-navigate website with a simple process that takes less than five minutes to complete. There are NO fees and many lending partners in one location. 

5kFunds.com is your guide to over 100 validated lenders, enter your details and let 5KFunds prepare options that best suit your personal needs.

Application Process

The application process with 5KFunds is very quick and easy. It takes only a few minutes to complete the steps and get your loan offers.


5KFunds don’t charge any fees. But some lenders may charge fees and interest.

Similar to many other short-term lenders in the U.S., the lenders’ APRs start at 5.99% and are capped at 35.99%. This is much lower than payday loans.

We feel that these rates are quite attractive given that many U.S. lenders start with 10.99% APR.

There are no application fees either, making 5KFunds a good option for borrowers.


You have up to 72 months to repay a loan from 5KFunds. This is very similar to most other short-term U.S. lenders and gives you the freedom to have lower monthly payments over a longer period.

Customer Service

5KFunds provides customer service via email and phone from Mondays to Fridays, 9 am to 6 pm.

We tested out 5KFunds’ customer service by requesting information via email. Although we did receive confirmation of our inquiry, we only received a formal reply a few days later, making their email support mediocre.

Privacy and Security

5KFunds takes privacy seriously by encrypting and protecting all information according to the legal requirements and 256-bit encryption.

Similar to other loan marketplaces and online lenders, 5KFunds collects and shares user information with partners in their network.

5KFunds FAQs

How much can I borrow with a 5K Funds loan?

You can borrow up to $35,000.

What is the cost to use 5KFund?

5KFunds does NOT charge any fee, however individual lenders may have their own origination and application fees.

Is my personal information secure?

5KFunds takes your privacy seriously, and the personal information you enter protected with 256-bit bank-level SSL encryption.

Who do I contact about late payments?

Contact the lender directly if you have any issues repaying your loan. Late Payment penalties differ from lender to lender. Some lenders may automatically add a fee if it is in their agreement.

Why is 5KFunds a unique loan comparison service?

5KFunds partners with over 100 unique lenders and offers unsecured of up to $35,000. Once approved, money is directly deposited into  the borrower’s bank account as soon as the next business day.

How much does a 5KFunds loan cost?

The 5KFunds marketplace is 100% free to use. However, the APRs from lenders vary from 5.99% to 35.99%.

What can I use the loan for?

You can use your 5KFunds personal loan for anything you want. 

When do I repay my loan?

Loan repayment terms differ by lender but repayment periods vary from 61 days to 72 months.

What can I use a personal loan for?

You can use your personal loan from 5KFunds for almost anything – home improvements, a holiday, medical expenses, shopping, or more. 

Is 5KFunds legitimate?

Yes, 5KFunds is a legitimate lender marketplace that connects borrowers with lenders across the US.

How easy is it to get a 5K loan?

This depends on the lender; most lenders offering 5k loans allow for repayments of up to 5 years or more, with APRs between 5.99% and 35.99%. Many lenders also accept borrowers with bad credit.

Is lending for bad credit real?

There are many lenders that offer loans to borrowers with bad credit. Getting a bad credit loan is possible, however keep in mind that this may come with higher interest rates and fees.

5KFunds Alternatives

Here’s a list of alternatives to 5KFunds and how they compare:

LenderReviewsLoan AmountAPRMax. Loan TermBad Credit?
PersonalLoans.comView$500 – $35,0005.99-35.99%Up to 6 yearsYes
BadCreditLoansView$500 – $5,0005.99-35.99%Up to 2 yearsYes
CashUSA.comView$500 – $10,0005.99-35.99%Up to 6 yearsYes
Fast5KLoansView$500 – $35,0005.99-35.99%Up to 5 yearsYes

Should you take a loan with 5KFunds?

5KFunds has been around for quite a while and has proven to be a leading U.S. lending platform where borrowers can get personalized loan offers.

One of the best reasons for applying for a loan with 5KFunds is that interest rates from participating lenders are listed transparently.

Their customer service is responsive and they have a good feedback rating from past customers.

Read more 5KFunds reviews from customers below or add your own.

More 5KFunds Personal Loan Reviews

What Users On the Web Are Saying

5KFunds gets 1.6 out of 5 stars on Trustpilot, with users showing mixed feelings:

Some users were unhappy about their personal information being shared, while others felt the service was fast and easy.

On Quora, 5KFunds generally gets positive reviews from users:

More User Reviews – Add Your Rating

Read more reviews on Financer.com from verified users below.

Have you used 5KFunds before? Leave your review now.

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Reviews of 5KFunds

5KFunds is rated 72 out of 313 companies in total rating and got an average review score of 4 based on 88 reviews. Their weakness is Flexibility & Terms and their strength is Interest & Costs.
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Erin & Ari 1 review | July 14, 2023
General Review
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Dustin Aaron 1 review | June 22, 2023
General Review
Not sure. Sent me buy a copy of my credit score that I didn't need and then nothing..
Yup... sat there. Score in hand, a dollar wasted... nothing!
scott_onesieJune 24, 2023

I am from Australia and I didn’t believe anyone could manipulate the Australia Credit Bureaus, but my cousin confessed to me about how he got his credit score so high and removed the judgement he had. So I pleaded with him to share the contact of whoever that helped him. He then introduced me to CLEVERCREDITFIX1 @GMAIL. COM whom I contacted and he removed the judgment from my report, collections and cleared the huge debt that messed up my report. I promised Clever Credit to let the world know about their wonderful services, perhaps this review.

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Amanda Colgan 1 review | May 26, 2023
Personal Loan Review
Unsecured site which my computer denies me access. I guess it's a good thing. If you are legit and have nothing to hide your website should definitely be secured, right?!
Same as above
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Linzy Smith 1 review | May 25, 2023
General Review
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Ira Smith 1 review | May 24, 2023
General Review
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Shane Williams 1 review | May 2, 2023
General Review
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James R 1 review | April 30, 2023
General Review
Nothing good to say at all about them. Complete scam
Keep getting messages pre approved and ask for all my information, including bank. Then keeps taking me to the same spot saying let's go get your free credit score. Nothing happens after. You check my credit report? Why would you need fornme to get my credit score? Nothing but a scam and I will be after them. For taking all my personal information and not even getting any type of answers back.
dustin_aaronJune 22, 2023

Same happened to me just now. What a rip… it’s not even a free score. Hit my card for a dollar. I know my score and shouldn’t have to pay for it. Especially for no response

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Reginald Nash Sr 1 review | April 18, 2023
General Review
Great reviews
None at this time
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Yahaira Perez 1 review | April 18, 2023
General Review
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Grace Emd 1 review | April 5, 2023
General Review
I didn’t get all well
No one to show how the money will get into my account
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