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5kfunds Review

Reviews 78
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Reviews 78
Caroline Benton
May. 30, 2021
2 min read
Caroline Banton
5KFUNDS Summary
5kfunds has an extensive network of lenders that ensures competitive rates. Additionally, you won't pay a cent until your loan is approved. If you choose to borrow with 5kfunds, you can fund auto purchases and other expenses of up to $35,000 quickly and easily.


  • Select from a network of around 100 lenders
  • Quick and easy application process


  • $35,000 loan maximum
  • The 5kfunds website lacks detailed information

5KFUNDS at a glance

Editorial score

Online experience

Online application but no learning resources

Customer services and support

No customer service

Loan Types

Offers all loan types

Repayment Flexibility

Offers multiple repayment plans- but no special repayment programs

Eligibility (credit score)

Accepts all credit types


5kfunds Features

5kfunds is not a direct lender, but its partners offer a range of loan amounts with varying interest rates. The competition between the various lenders translates to favorable terms for the customer.

Features include:

  • A network of 100 reputable loan providers
  • Competitive interest rates
  • US-based customer support
  • Matching with an online lender within minutes
  • Superior customer support
  • Commitment to protecting customer information

Application Process

The application process is fast and requires you to input basic information, including personal and financial details. Once you have completed the form, 5kfunds matches you with available lenders based on your financial circumstances. 5kfunds pre-qualifies you for a loan, but the final terms and conditions are negotiated and finalized directly with the lender. 5kfunds does not require a credit check, although the lender might make this a requirement for final loan approval. From start to finish, the application process can take less than 10 minutes, and funds can be approved once you agree on terms with your chosen loan provider.

Loan Types and Terms

5kfunds is essentially a marketplace for lenders. Therefore it does not offer loans directly to customers. Partnering lenders all offer personal loans, depending on your circumstances, and attempt to provide the quickest and most cost-effective way of financing your car purchase.

Repayment Options

The various lenders offer loans ranging from less than $1,000 to as much as $35,000. Most lenders offer a repayment period of between two and 72 months, but clients choose terms that are specific to their needs. The quoted rates are an estimate, and individual loan providers may present slightly different terms in the negotiation stage.

How Safe Is It?

5kfunds uses industry-accepted protections and secure servers to protect all of its customers’ personal details. All data entered into its system is encrypted using the same security protocols employed by banks. The company has a thorough and transparent privacy policy, which is outlined on the website. Note that 5kfunds might distribute some of your details to partnering lenders and service providers.

Help & Support

5kfunds’ helpful customer service representatives can be reached by telephone during weekday business hours or by email 24 hours, seven days a week. The company’s website also has a short FAQ page to answer basic lending questions.



What makes 5kfunds stand out from other lending platforms is the amount of choice it offers borrowers and the fact that it takes only minutes to pre-qualify for a loan. If you need $35,000 or less to pay off a car purchase and don’t want to waste time with complex applications and credit checks, then 5kfunds is a good option. Lastly, because the application process is free, borrowers are under no obligation to complete the process.

Physical Address

DV Marketing, Inc. 

759 Bloomfield Ave. #244

West Caldwell, NJ 07006

Caroline Banton
Written by
Caroline Benton
Caroline Banton is a freelance writer of business and finance articles that have been featured in The Huffington Post, The Motley Fool, Time, MSN, PYMNTS.com, GOBankingrates.com, SaleMove, and MyBankTracker.com. Before becoming a writer, Caroline had over fourteen years of experience working at the World Bank. Caroline has an MBA from Johns Hopkins University. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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