5K Funds Loan Review

5K Funds Loan - Personal Loans Review

Editor’s Rating

4.0/5.0

5K Funds Loan Key information

In case you are searching for a quick solution of your financial issues, then 5K Funds Loan may be exactly what you need. This economic platform is always ready to assist those who need $1,000 – $35,000. You should not even leave your home. Everything is as easy as A, B, C. 5K Funds Loan has a great partnership with a vast amount of reputable as well as reliable lenders who are ready to lend you a necessary amount of funds.

5K Funds connects people (borrowers) with its extensive and well-known network of lenders. It provides an easy and quick solution for consumers to fund their vacations, life projects, purchases and other expenses in a fast, affordable and easy way of getting credit in comparison with the traditional lending operations that are performed by banks.

Pros and Cons of 5K Funds Loan

Pros of 5K Funds Loan

  • Quick and easy application process
  • Large network of lenders
  • Repayment terms – 2-72 months

Cons of 5K Funds Loan

  • Educational resources need for improvement
  • Not enough of information concerning the lending partners
  • APR – 5, 99% – 35, 99%
5K Funds Loan - Personal Loans Review

Is it safe to apply with 5K Funds?

5K Funds provide a service that is free of charge. Its top-notch goal is to offer its consumers quick personal loans that are needed for a variety of reasons. Loans tend to average between an APR of 5.99% to 35.99%, while the repayment terms range between 61 days to 72 months. The available loan amount varies between $1,000 to $35,000.

What is the Popularity of 5K Funds?

5K Funds has the global rank of 434,875 with a US rank of 98,622 as of February 2nd, 2018. Approximately 92% of traffic was received from the United States residents. Both email and referral sources accounted for over 80% of the site’s traffic.

5K Funds Loan Application Process

To get started with 5K Loans you need just a couple of minutes. The application process will guide you through several pages as well as collect your details (personal information and banking records).

Once you complete your application process, the 5K Funds will connect you with the most suitable lenders that are chosen due to your needs and financial circumstances.  It only chooses candidates for you, other issues you need to coordinate with your lender (concerning fees, terms, requirements, etc.).

5K Funds does not require a credit check to get started. However, you need to take into account that those aspects may be needed for the lender to make a final loan approval.

The whole application process may take up to 10 minutes.

Funds are approved as soon as you agree with the terms and conditions with the loan provider you have previously chosen.

Is it safe to apply with 5K Funds?

Having a secure application form and providing a great ability to receive funds directly to the bank account, it is an excellent choice for everyone who is searching for an affordable and accessible way to finance their plans, expenses and more. Partners of 5K Funds offer a wide variety of repayment options and good competitive interest rates. It provides an excellent chance for borrowers to match options before they make their own choice. What is more critical, 5K Funds will send you to the lender who will approve your loan request. What is more important, there are no limits to use your loan. Therefore, you have complete freedom to use your credit as you want for your own needs.

5K Funds Loan Quick Facts

5K Funds is not a lender, but it connects borrowers with lenders, making the process much more comfortable. It offers a substantial range of loan amounts as well as flexible loan terms and high-interest rates. In case you have any questions, you can quickly ask 5K Funds for help. Need a loan? Do not worry! 5K Funds will connect you with the most suitable lenders in a couple of minutes. Each lender will be specially chosen to suit your needs and financial circumstances.

  • Created on December 10th, 2015
  • APRs vary between 5.99% to 35.99%
  • Contact email address – [email protected]
  • The great network that includes more than 100 reputable loan providers
  • Simple application
  • From $1000- $35 000 in loans are available
  • Loan repayment period: from 2 – 72 months
  • Competitive interest rates
  • The easy way to be connected with a lender
  • US-based customer support
  • Great customer support

In comparison with traditional ways of receiving loans, 5K Funds include a broad network of supported lenders that provide loan applicant with a great ability to be approved by more than only one lender.

Once the loan is completed and approved by the lender, the funds will be sent on the next business day. Those applicants who did not obtain approval will be provided with the other alternatives to choose from.

Note!

According to BBB (Better Business Bureau), 5K funds are operated by Salem Capital Investment Group.

Consumers tell BBB that the representatives of 5K Funds Company instructed them to buy Vanilla Prepaid credit card different amounts from $120-$400+). Moreover, they were asked to provide their PIN to pay upfront fees. Those people who make these payments are complaining to BBB that they aren’t receiving their loans. Moreover, they are contacting 5K Funds, but in return, they hear nothing but excuses for delays of their funds receiving. It is impossible to cancel the process of loan application as the 5K Loan representatives deny their request.

Summary

5K Funds Loan is a financial platform that can provide you with a quick economic solution. However, it has some benefits as well as disadvantages. Thus, you need to carefully learn all the information concerning this financial platform before you make your choice.