5KFUNDS 2020

In-depth review of 5Kfunds personal loans. Discover whether or not you qualify for a 5Kfunds loan and if it's the best choice for you.



Applying for a loan the traditional way through a bank, applicants may find it difficult to get money quickly or even at all. When in need of some fast cash, 5kfunds can help, providing personal loans between $1,000 to $35,000 through a quick and easy online process.

Backed by an extensive network of over 100 lenders available, 5kfunds connects borrowers with a range of loan options with flexible terms and rates. Lenders compete to provide the optimum rates, and applicants can shop through different loan products to choose the ideal loan product.




Applicants can use their loans for a variety of personal reasons, whether to pay for medical bills, debt consolidation, wedding expenses, car payments, home repairs, and other personal reasons. In order to qualify, 5kfunds personal loans applicants must meet the following requirements:

  • Must have a bank account
  • Must be US citizen
  • Must be 18 years or older
  • Must have a steady source of income



Loan Process

Without even leaving the home, prospective borrowers can submit an application through the 5kfunds website and take a step toward securing a loan up to $35,000. Applicants will need to provide personal information such as name and address plus the loan amount while filling in the initial form. Later, 5kfunds will also request financial information such as bank account number, current employment, and annual income.

After submission, 5kfunds will go through their network of over 100 banks and financial institutions and match the application with a list of suitable lenders. Next, the applicant can browse through the offers before selecting the loan. Upon approval, 5kfunds will transfer the money directly to the customer’s bank account in a quick and efficient online process.



Loan Terms

5kfunds personal loans doesn’t provide loans themselves but offers an aggregate service connecting borrowers to a network of over 100 lenders. That means that applicants can go through a range of loan options before choosing the offer with the best rate and repayment terms. Rates will depend on information such as credit score, income, and employment history. Their loan repayment periods have a 61 day minimum and 72 month maximum. Meanwhile, the loan APR range falls between 5.99% to 35.99%.

For example, if someone accepts a loan of $5,000 with a 36-month repayment period, and an interest rate of 12%, they will make 36 monthly payments of $166.07, and the total loan cost would amount to $5,978.58. This does not include an origination fee which can vary from lender to lender.



Customer Support

Although customers can get in touch with 5kfunds directly by email or address, their service has relatively limited contact outlets available compared to other loan services. Still, their US-based customer support promises reliable help in English during business hours. That being said, they could improve their service by adding more online resources or forums to help customers in the loan application and repayment process.




  • Instant online application
  • Quick funding
  • Direct bank transfer
  • Lacks online resources
  • No live chat
With a network of over 100+ lenders, 5kfunds offers competitive personal loans between $1,000 to $35,000.


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Joe Schwartz

Personal Loans Editor

Our chief content editor, Joe manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.