Updated for April, 2025
5kFunds, an online loan market place, is a popular way to find personal loan offers if you have less-than-perfect credit.
If you’ve applied for a loan with any of the major loan providers and received a dreaded, “sorry, your loan request was not approved,” 5kFunds might be a good match for you.
Are There Fees with 5kFunds?
Nope! It’s completely free to use 5kfunds.com. There are no fees whatsoever. There is also no obligation to complete your loan, should you receive loan offers. What makes 5k slightly different than other subprime loan marketplaces is the wide network of direct lenders that they work with.
Simply put, you’ll have a much higher chance of approval for a loan with 5kfunds.
Will Using 5kFunds Hurt my Credit?
No, only a soft credit pull is performed.
Is 5kFunds Legit?
Yes, 5kFunds is a legitimate way to find a loan with bad or poor or no credit. Filling out the form only takes a few minutes.
How Much Money You’ll Get
Typically, 5kFunds specialized in loans ranging from $100 to $35,000 with funding in as little as 24 hours. The most common loan size with poor or bad credit is typically less than $5,000. Your exact interest rate depends on your chosen loan terms.
For some “short-term” loans, APR can be quite high, so make sure you pick the right loan terms for your financial situation.
One of the best parts about getting a personal loan online, the money is directly deposited into your bank account. You don’t have to go into a loan center or a bank to complete your request. Pretty easy!
Additional Info
In total, it really only takes about 5 minutes to complete the online form with 5kFunds. Be sure you have your bank routing and account numbers handy, because these will be needed during the application process.
