Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
5.99% - 35.99%(Verified 06/21/2024)
Amount Range
Up to $35,000
Loan Term (Months)
Up to 72
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 9% 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. 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
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5KFUNDS FAQ
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.
| 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, consider lenders that don’t charge origination fees.
Does 5KFUNDS charge a late fee?
No, 5KFUNDS will not charge you a late fee if you miss payments.
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.
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 or other government photo ID
- Government issued photo ID
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 300 - 850 |
What is the estimated funding time for a personal loan via 5KFUNDS?
5KFUNDS will typically fund loans within 1 business day of approval and clearing necessary verifications.
Does 5KFUNDS report your account activity to credit bureaus?
Yes, 5KFUNDS reports to the following credit bureaus:
- 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 build your credit.
Does 5KFUNDS perform a hard credit pull?
Yes, 5KFUNDS performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are 5KFUNDS legit?
5KFUNDS was founded in 2012, it is a well-established company that has been in business for 14 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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