5K Funds Review - logo

Loan Amounts


$100 - $35,000

Loan Term


2 to 72 months

APR Range


5.99% - 35.99%

Min. Credit Score



Editorial Rating

5kFunds Review: 2021 Edition

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Loan Amounts


$100 - $35,000

Loan Term


2 to 72 months

APR Range


5.99% - 35.99%

Min. Credit Score





Vary from lender to lender

Funding Time


24 hours

Years in Business



BBB Rating



Min. Revenue


Not specified



Majority of US States

5K Funds Review - logo

Editorial Rating

Applying for a traditional loan is not always an option.

That’s when a peer-to-peer loan can come in real handy.

If you need:

  • Quick cash from reputable lenders 
  • Easy online loan approval
  • A loan amount of up to $35,000
  • APR between 5.99% and 35.99%
  • Repayment time of up to 6 years

5KFunds might just have what you need.

A personal loan is funding you can use for pretty much anything. You pay the money back in monthly installments with some interest and there is usually no collateral to the loan.

Our 5K Funds review will give you all the answers.

What Is 5kFunds?

There are many different loan types, peer-to-peer lending being one of them. If you are looking for a cheap way to get a personal loan, an online lending service might be the thing you need. That’s why our team of experts decided to make a 5k Funds review.

5KFunds is a lending platform that connects borrowers with potential lenders. Working with a trusted source is paramount when it comes to finances. That’s why 5KFunds has an extensive network of lenders you can rely on.

5kFunds offers unsecured loans — no collateral needed. After the application is submitted, the borrower is matched with the perfect lender. Simple and easy.

One of the best places to get a personal loan is online. There are many lenders that will approve your loan application. Chances are, that if you have a lower credit score you’ll pay more interest than those borrowers with higher credit scores. You might want to wait until you improve your credit score before you consider borrowing from an online lender.

Always borrow from sources you can trust. The first step is meeting the lender’s requirements. Some research on the lender is also advisable before you embrace the idea for a fast personal loan.

Who Is 5KFunds Best For?

Anyone might need extra funds. Maybe there’s a special family occasion coming up — like a wedding. Or you have a bad credit score and you’re looking for personal loans for bad credit. You might need to fund your debt consolidation, or make some DIY improvements on your property. Your car broke down and you need a quick loan for the repair. Or you need to pay off your credit card debt or cover medical bills. The reasons are endless and 5KFunds can cater to any of them.

Discover personal loans that work best for you!

Applicants can require a loan for a variety of personal reasons. Many lenders accept online applications and can approve the funding almost instantly. You don’t need to apply for a traditional loan every time. Try something new and you’ll see how quickly you can get funded by a reliable loaner. The best available lenders are just a few clicks away.

You can cover the cost for the personal loan for a period of up to 72 months. The maximum amount of the 5KFunds personal loans is $35,000. In case you need more than that, you can always ask your lender. Not every lender will be able to provide you with the desired amount, but it is not impossible.

In a nutshell:

You can use the 5KFunds’ loans for various reasons. There are practically no restrictions.

The online application procedure is quick and easy. It takes no more than twenty minutes to fill in the online form. Once you confirm you give your consent, they get you in contact with the lender.

5KFunds Review - Website Screenshot

Getting Started with 5KFunds

You made up your mind already.

Online loans — check!

5KFunds — check!

What now?

Excellent question.

Let’s start the application process.

Take a few simple steps and get the funding you need.

It takes about 10-15 minutes to apply for a loan with 5KFunds. Filling out the form is fairly easy.

What information do I need to provide to get started with 5kFunds

  • The amount of money you need
  • For what period of time
  • Name, address, zip code
  • Income source — a steady stream of income/weekly checks
  • Time employed
  • The way you get paid — monthly/weekly
  • Driver’s license/State ID
  • License State
  • ABA Number
  • Social Security Number
  • Monthly Gross Income

You’ll start by filling up this form:

5K Funds Reviews - Website Screenshot 2

After you clarify the amount required, the term length, and some basic personal details (name, birthday), you get to the second form which looks like this:

5K Funds Reviews - Website Screenshot 3

Next comes this form:

5K Funds Review - Website Screenshot 4

In the end, you’ll be asked for some bank information:

5K Funds Reviews - Website Screenshot 5

Once you fill in the form, you will be given 10 minutes to confirm your request for one of the 5KFunds personal loans. If you do, you will be connected to the most suitable lenders and get to know their terms and conditions (process, fees, deadlines, penalties). Once you qualify you can negotiate the terms with your prospective lender.

5K Funds Review - Website Screenshot 6

As soon as you agree with the terms and conditions, you’ve finished your application process. Your perfect lender will be waiting for you.

Getting some quick money has never been easier.

It takes just a visit to the 5KFunds website to get started.

Terms & Requirements

Quick money loans are trendy nowadays. Who needs to borrow from friends and family, putting a strain on relationships, when things can be so much simpler? With 5kFunds the application process is entirely online.

Once you decide on a 5KFunds loan, there are several terms and requirements you need to be aware of since the beginning. Let’s check them out:

  • The borrower must be at least 18 years old.
  • The borrower must have a steady source of income.
  • The borrower must have a bank account, preferably with an option for direct deposit.
  • The borrower must be a US citizen.

There are several things you should be aware of before you proceed. Our 5k Funds review will answer all your questions.

Bear in mind that some of the platform’s lenders will perform a credit check before they agree to the amount you require. Also, there is a minimum loan amount of $100.

Depending on your income, you’ll be consulted and a payment plan will be made. The late payment fees differ according to the lender. The term for paying back the loan ranges from 60 days to six years. One more thing: applicants can receive offers from several lenders before they choose the plan and the terms that work best for the personal funds of every borrower.

Depending on your creditworthiness, they will calculate your APR. As of June 2019, the average APR is 9.41%.

User Reviews

5KFunds has been described as one of the best lenders of personal loans. Users enjoy the option of loans without collateral.

The 5kFunds customer reviews that we read indicate that people who are underserved in traditional institutions and need emergency funding are happy with the services of this online lending platform.

Rates & Fees

You can’t research the best lenders prior to signing up but after you do — you can compare and make an informed decision. All the fees, as well as the repayment method, depend on the lender.

Privacy & Security

All the personal data you provide 5kFunds with is encrypted and protected. The application process is simple and quick and all the data they collect is stored properly. 5kFunds is one of the top loan connection companies out there.

Customer Support

There’s an email address for contact listed on the website, as well as the address for correspondence:

[email protected]
Sincerely, LLC.
7050 West Palmetto Park Road #15-345 Boca Raton 3343

However, when our team tried to contact them before we started a loan application (from various email providers, because our emails got sent back repeatedly) we came to the conclusion that the email is temporarily unavailable.

Compared to other lending services, their customer support is pretty limited prior to applying. Meaning, if you have questions you need to ask in advance, there’s literally no way to do that. That said, once you sign up, the correspondence with the team starts via email. The platform would benefit from a chat and a working email for questions from potential clients.

Well, we already covered everything, guys. Time to wrap things up.

Final Verdict/Summary

The purpose of our review is to help you make an informed choice about the best personal loans out there. Dealing with personal finance is always challenging. Nowadays you can apply for a loan ONLINE  from the comfort of your home — it’s that simple.

There are, of course, pros and cons of every product out there. Let’s summarize the features we liked and disliked about 5kFunds and those that are worth knowing before you make up your mind.

  • On the upside, we have the free applicationbroad loan range, no collateral needed, and the APR which varies according to your credit score and the loan amount.
  • On the downside, we have the F rating with the Better Business Bureau, the poor customer service, and the fact that some lenders may do a hard credit check which can harm your credit score.

Bottom line:

Yes, we recommend 5kFunds. Our team of experts shares the opinion that this is a trustworthy lending platform. The lending process is quick and easy and if you have a good credit score your APR will be around 4% less than the 2019 average. They give you up to 6 years to pay the money back with interest, and there are no restrictions on the reason you needed the funding in the first place.

Whether you have a poor or an excellent credit score — our 5kFunds review shows that you can apply safely for a loan. Your lender is just a few clicks away!

If you happen to be more tech-savvy though, you can also consider bitcoin lending sites as an alternative.


  • The maximum amount of a 5KFunds loan is $35,000
  • Free application process - they don’t charge any fees when you get started
  • Easy online application - you can fill out the form regardless of your credit score
  • After you sign up you can compare the network of lenders and then make a choice
  • Repayment terms - from 60 days (2 months) to 72 months (6 years)
  • No minimum credit score required
  • No collateral needed
  • The loan repayment terms are up to the lender
  • More than 100 unique lenders available
  • Reputable lending partners
  • Loan transparency


  • F rating on BBB
  • Borrowers must be US citizens
  • Origination fee depending on the loaner
  • Your selected lender may charge extra fees
  • You have no information about specific lenders before signing up
  • Some lenders may run an initial credit score check which may damage your credit score
5K Funds Review - logo

Editorial Rating


What makes 5KFunds unique as a loan comparison service?

The application is 100% free and there is no minimum credit score needed to apply. You can request a loan for whatever personal reason — there are no restrictions. Explore online 5K Funds reviews to get a better idea about customer experience.

How much will a loan from 5KFunds cost me?

The service is free of charge. Once you prequalify for a 5kFunds loan and choose a lender, there will be additional fees. The APR will range from 5.99% to 35.99%, depending on your creditworthiness. The better your credit score, the lower the APR.

Is 5KFunds legit and safe?

Yes. As a lending platform, 5kFunds secures the information it receives from you. All the data you share with them is encrypted. 5kFunds takes your personal privacy very seriously. The platform guarantees the safety of the data and connects you to the most reputable lenders. Also, you’re not given a single option — you can compare lenders and choose the one you’re the most comfortable with. The process is flexible and secure.

How fast can I get a loan with 5KFunds?

Filling in the application form takes around 10-15 minutes. After you confirm and submit you’ll start the correspondence with the potential lenders. As soon as you’re done comparing and make their final decision on the best lender for you — you get the funding.