Do I Qualify for a $5,000 Loan?

Borrow5K helps people get approved for loans of up to $5,000, even with bad credit.

Check Eligibility

Basic Eligibility

Be at least 18 years old
Be a U.S. citizen or permanent resident
Have a checking account in your name

Income Requirements

Be employed for at least 90 days
Earn at least $1,000/mo. after taxes
Bad credit allowed — poor credit welcome

Availability varies by state. Checking eligibility won't affect your credit score.

Loan Payment Calculator

Get an estimate of your monthly payment. Actual rates depend on your credit profile and lender terms.

$5,000
$500 $5,000
36 months
12 months 60 months
18%
6% 36%

Estimated Monthly Payment

$180.33

Total Interest

$491.88

Total Payment

$5,491.88

This calculator provides estimates only. Your actual rate, term, and payment will be determined by the lender based on your application.

What Credit Score Do I Need?

There's no single credit score required. Lenders in our network work with borrowers across all credit levels, including those with poor or limited credit history.

Your credit score is just one factor. Lenders also consider your income, employment stability, and overall financial situation.

Not sure where you stand? Check your eligibility without affecting your credit score.

Will Checking Eligibility Hurt My Credit?

No. The initial eligibility check uses a soft credit inquiry, which does not affect your credit score.

A hard credit check only happens if you choose to proceed with a specific loan offer. You're always in control of that decision.

See If I Qualify

How Much Income Do I Need?

There's no fixed income requirement. Lenders want to see that you have a regular source of income that can support the loan payments.

This can include employment income, self-employment, disability benefits, retirement income, or other consistent sources.

What If I'm Not Eligible?

Not everyone qualifies, and that's okay. If you're not matched with a lender, it doesn't affect your credit score.

Common reasons for denial include insufficient income relative to the loan amount, recent bankruptcies, or incomplete applications. You can always try again after improving your situation.

Ready to Check Your Eligibility?

It only takes a few minutes, won't affect your credit score, and there's no obligation to accept any offer.

Check Eligibility Now