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In-Depth Analysis

5kfunds Review

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ByG. Dautovic
February 02, 2022
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

5kfunds offers a loan comparison service and connects prospective borrowers with potential lenders. The company has an extensive network of lenders that offer competitive rates and terms of two to 72 months for loan amounts ranging from $1,000 to $35,000.

Thanks to its lenient borrower requirements, easy application process, and complete cost transparency, this borrower-lender matchmaking service has become a go-to solution for applicants who need money fast and can’t qualify for other funding sources.

Check out our 5k Funds review to find out whether this service is a good fit for you.

Loan amounts
$1,000 - $35,000

APR range 5.99% - 35.99%

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Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

$1,000 - $35,000
5.99% - 35.99%
Vary from lender to lender
All 50 States
2 to 72 months
24 hours
Experian, Equifax, TransUnion
pros thumb up Strengths
  • A network of 100+ lending partners
  • Flexible terms and low fees
  • Quick and easy online application process
  • Fast funding times
  • Offers options for individuals with low credit scores
  • Funds are wired directly into your bank account
  • Various types of financing available
  • Complete loan process transparency
pros thumb up Weaknesses
  • Some lenders may perform a hard credit pull
  • No phone or live chat support

5kfunds Overview

Owned and operated by Sincerely LLC, 5kfunds is a Florida-based online lending marketplace. 5kfunds isn’t a financial institution that issues loans. Instead, it provides a loan-comparison service that matches prospective borrowers with suitable direct lenders.

Thanks to its network of more than 100 lenders, the platform gives borrowers access to several types of personal loans online with competitive interest rates and flexible terms.

One of the best things about requesting a loan through 5kfunds is that you won’t be charged for loan-comparison services. As soon as you submit your application, the 5kfunds website provides a list of preliminary offers with no strings attached. Reject all the offers, and it won’t cost you a dime.

Should you find one of the lenders a good fit, you’ll be given an opportunity to review terms and conditions before making a commitment. Upon sealing the deal, you won’t need to wait more than a day for the money to arrive.

5kfunds can save you time on submitting applications to multiple lenders. The company has no credit score requirements or restrictions on loan purposes, which makes it an excellent choice for individuals who can’t qualify for funding from traditional sources.

Keep reading this 5k Funds loan review to learn more about the application process and repayment options.

How does 5kfunds compare to other lenders?

5kfunds Logo
APR Range

5.99% - 35.99%

Min. Credit Score


Fiona Logo
APR Range

4.99% to 35.99%

Min. Credit Score


Guide to Lenders Logo
Guide to Lenders
APR Range

3.99% to 35.99%

Min. Credit Score


Types of Financing Available

Personal Loans

Individuals looking to borrow $1,000 to $35,000 for two to 72 months have good prospects for borrowing through 5kfunds. Whether you are looking for a payday loan, debt consolidation, or a secured or unsecured personal loan, the 5kfunds network of more than 100 lenders is probably wide enough to offer you several competitive deals.

Our research for this 5kfunds review reveals that although 5kfunds is lenient regarding credit scores and histories, many members of its lender network are more strict. Some borrowers will not qualify for the lowest rates or for unsecured loans. Individual lenders have the final say when it comes to determining an applicant’s eligibility.

In other words, while 5kfunds may offer loans for poor credit borrowers, there are no guarantees. The best rates and fees are reserved for applicants with high incomes and excellent credit scores.

Application Process

Applying for 5k loans is quick and easy. To start the online application, you’ll need to take the following steps:

  • Click Get Started to be redirected to the site’s application form.
  • Select the desired amount and loan term range.
  • Fill out the required personal information.
  • Upload requested documents.
  • Wait for 5kfunds to verify your information and confirm loan availability.

When applying for a loan via 5kfunds, you’ll be asked to submit the following:

  • Personal information: your full name, address, email, and phone number
  • Employment information: your employer’s name, employment duration, gross monthly income, payment frequency, and pay date
  • Proof of identity: passport number, driver’s license number, Social Security number, or equivalent
  • Bank account information, including whether your account allows direct deposits

You’ll also need to state whether you’re a military member on active duty.

Once you’ve submitted your application, 5kfunds will search its network of more than 100 financial institutions for matches. You won’t need to wait more than 10 minutes for a list of suitable lenders. At this point, you’ll be given an opportunity to browse through the preliminary offers and compare them before selecting one for a full application.

5kfunds and its lenders may perform a “soft” credit pull to determine your loan eligibility. 5k Funds reviews data from all three consumer credit reporting agencies: ExperianEquifax, and TransUnion.

Upon approval, you can expect funds to arrive in your bank account via wire transfer in less than 24 hours. If you sign your loan agreement on a weekend day, you’ll need to wait until Monday for the transaction to process.

5kfunds Funding Features

As advertised on the company’s website, 5kfunds provides loan-comparison services free of charge. Not so its lenders. Each 5k personal loan comes with fees and interest charges payable to the lender. To make sure that you’re choosing the best personal loan, we suggest you take the time to read through the terms carefully before accepting the final offer and signing your loan contract.

Loan Amount and APR details

The 5kfunds lender network provides a solid range of personal loan amounts along with flexible terms and somewhat affordable interest rates.

5kfunds does not impose income or credit-score minimums to potential borrowers. However, 5k loan reviews reveal that the preliminary terms provided by 5kfunds may not match the funding options you receive from lenders, and some lenders may impose income or credit-score minimums.

The exact terms offered by 5kfunds lending partners will depend on information such as your income, employment history, credit score, and credit history. Here are some of the options provided by members of the lending network:

  • Loan amount: $1,000 – $35,000
  • APR: 5.99% to 35.99%
  • Loan term: 60 days to 72 months
  • Fees: Vary from lender to lender
  • Collateral: Depends on the lender
  • Repayment options: Every two weeks or monthly

Before agreeing to a loan, you should always research the lender’s offer for additional charges such as origination fees, closing costs, late payment fees, and prepayment penalties. Given that 5kfunds only operates the lending marketplace and doesn’t guarantee the terms, it’s your responsibility to double-check the lender’s policies before making a decision.

Eligible and Non-Eligible Applicants

5kfunds has relatively liberal eligibility criteria for borrowers. reviews like ours always emphasize the requirements you’ll have to meet:

  • You must be a citizen of the United States
  • You must be at least 18 years old
  • Your source of income must be steady and legitimate
  • You need to have a bank account, preferably with direct deposit capabilities

There are almost no restrictions on how borrowers can spend their loans. One of the best things about applying for a loan from 5kfunds is that you get the money you need without having to demonstrate it is for a lender-approved purpose.

The most common reasons to apply for a loan from a personal finance company include:

  • Personal purchases
  • Wedding expenses
  • Unexpected medical expenses
  • Repaying debts
  • Budget constraints
  • Home renovation and repairs
  • Emergency funds
  • Functions and events

Repayment Terms

This 5k Funds review wouldn’t be complete without mentioning that loans provided by Sincerely LLC’s lending partners come with terms ranging from 60 days to 72 months. Depending on the lender’s policy and your preferences, personal loan payments can be made monthly or every two weeks.

With most loan providers, you’ll be able to choose between automatic deductions from your bank account or manual payments according to a specified schedule. Regardless of what you choose, it’s always a good idea to read all the fine print.

Missing a payment, being late, or rolling over a payment are likely to have financial repercussions in the form of fees and can negatively affect your credit score. On the bright side, based on 5k loans customer reviews, paying off your loan on time may improve your chances of getting a better deal on future loans and other financial products.

Bottom Line

If you are in need of quick cash – an unsecured loan, payday loan, or debt consolidation loan – you’ll find the 5kfunds automated loan-application process fast and convenient. While we would like to see the company expand its range of loan amounts, its simple application process, fast funding times, and flexible terms make 5kfunds an excellent choice for almost anyone looking for an alternative funding source.

If you are looking for a quick and effective way to fund almost any personal project, you’ll appreciate the liberal qualification requirements and transparent borrower-lender matchmaking service provided by 5kfunds.

5kfunds Q&A

What is the maximum amount I can borrow through 5kfunds?


Applicants can borrow as little as $1,000 and as much as $35,000 from 5kfunds. While the company requires no fee for the application process, rates and terms will depend on your creditworthiness and the individual lender’s policies.

For what purposes can I use my 5kfunds personal loan?


At 5kfunds there are no restrictions on how you spend the funds you borrow. You can use personal loans to fund a wedding, make medical bill payments, buy a home or a car, or even cover the costs of a vacation trip - it’s entirely up to you.

Is my personal information safe with 5kfunds?


Is 5kfunds safe? Many prospective borrowers ask this question. As one of the companies with the best online loans, 5kfunds takes customer security very seriously. The platform guarantees the safety of your data and shares it only with the lenders you will be doing business with. As all the personal information you enter is encrypted and protected in compliance with the highest security standards (256-bit SSL), you can rest assured that your sensitive information is safe and secure.

How much will a 5kfunds loan cost me?


Rates and fees vary from lender to lender. Before signing the loan agreement, you’ll be given an opportunity to compare different offers and review all charges that you’ll face if you accept the deal.

How can I contact 5kfunds’s customer service?


This Florida-based company has limited avenues of customer support. The company doesn’t offer a toll-free helpline or an online chat feature, so the only way to request assistance is via email.

How fast can I get a 5kfunds loan?


Our 5k Funds review procedures and research suggest that speed is one of the company’s biggest assets. The application process takes less than 10 minutes. Upon submitting all the required information, you’ll wait 10 to 15 minutes to be matched with suitable lenders. At this point, you’ll be given an opportunity to compare different lender offerings and review preliminary terms before proceeding to the full application. Once you’ve signed an agreement with the lender whose offer best fits your need, the funds will be wired into your bank account within 24 hours.