in Personal Loans from 5KFUNDS


in Personal Loans from 5KFUNDS
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APR  (Fixed APR) 5.99% - 35.99%
(Verified 08/04/2023)
Loan Amount Up to $35,000
Loan Term (Months) Up to 72 months

5KFUNDS Review

5KFUNDS is offered by 5KFUNDS, a marketplace lending platform founded in 2012 and based in Boca Raton, FL. 5KFUNDS are available in 50 states (and Washington, DC).

Key Takeaways

  • APRs starting at 5.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for 5KFUNDS are on the lower end of the spectrum.
  • Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
  • No origination fee. 5KFUNDS does not charge a loan origination fee.
  • No late fees. Missing a payment can seriously damage your credit, but 5KFUNDS will not charge additional fees if you miss the due date on a payment.
  • Super long loan terms. 5KFUNDS offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.

5KFUNDS Pros & Cons

Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 35.99%.
  • Does not offer pre-approval with soft credit pull.


What interest rates and personal loan terms does 5KFUNDS offer?

5KFUNDS has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does 5KFUNDS offer?

5KFUNDS offers a fixed APR personal loan product that ranges from 5.99% APR up to 35.99% APR.

What is the maximum loan term you can get with 5KFUNDS?

5KFUNDS offers loans with terms of up to 72 months.

5KFUNDS Interest Rates & Loan Terms
Personal Loan Amount up to $35000
Loan Term up to 72 months
APR 5.99% - 35.99%

What fees does 5KFUNDS charge?

Does 5KFUNDS charge an origination fee?

5KFUNDS does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does 5KFUNDS charge a late fee?

Yes, 5KFUNDS may charge borrowers a late payment fee if you miss one of the monthly payments, which is triggered if you're 0 days late.

Does 5KFUNDS charge prepayment fees?

No, 5KFUNDS does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Origination Fee 0%
Prepayment Fee No
Late Payment Fee $0

What do you need to qualify for 5KFUNDS?

When it comes to credit scores, 5KFUNDS doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

5KFUNDS does not have or does not disclose a minimum annual income eligibility requirement. 5KFUNDS only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via 5KFUNDS. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by 5KFUNDS.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Recent pay stubs
  • Driver's license
  • Government issued photo ID
5KFUNDS Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
Credit Score 300 - 850

What is the estimated funding time for a personal loan via 5KFUNDS?

5KFUNDS will typically approve (or deny) a loan application within 24 hours and fund loans within 1 business day of approval.

Does 5KFUNDS report your account activity to credit bureaus?

Yes, 5KFUNDS reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Are 5KFUNDS legit?

5KFUNDS was founded in 2012, it is a well-established company that has been in business for 11 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


Hours of Operation

  • Sunday All Day
  • Monday All Day
  • Tuesday All Day
  • Wednesday All Day
  • Thursday All Day
  • Friday All Day
  • Saturday All Day



  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Late Fee Amount $0
Late Fee Grace Period 0 days
No Interest Grace Period for Late Payment 0 days
No Late Fees
No Origination Fee
No Prepayment Fee
(Verified 10/12/2022)
Origination Fee ($) $0
Origination Fee (%) 0%
Checking Account Required
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Other
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Cash
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Government Issued Photo ID
Credit Score Range 300 - 850
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 day
Payment Options
  • Automatic Payments
  • Check by mail
  • Storefront
  • Credit/Debit Card
  • Cash
  • Bank Transfer
  • Apple Pay
APR Type Fixed APR
Loan Amount Up to $35,000
APR (Fixed APR) 5.99% - 35.99%
(Verified 08/04/2023)
Loan Term Up to 72 months

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