$5,000 personal loans

What to expect with a $5,000 loan

• $5,000 is a common personal loan amount, and many lenders' ranges include it, which gives you more offers to compare when they're available.
• If you're using it to pay off a card, make sure the new monthly payment fits your budget and that you won't build the card balance back up.
• Terms of 24 to 60 months are common. Use the calculator to see how much the term changes your monthly payment and total interest.
• Each lender sets its own APR, fees and terms based on your credit history, income and the amount you request.

Estimate your monthly payment

Enter a loan amount, a term and an APR to see an illustrative fixed monthly payment and total interest.

Estimates only, based on the numbers you enter. Not an offer of credit. Lendara is not a lender.

How checking your options works

When you check your options for a $5,000 personal loan through Lendara, you answer a few questions about the loan you want, your income and your finances. Checking uses a soft credit inquiry, which doesn't affect your credit score.

If participating lenders have options for you, you can compare them side by side: APR, fees, monthly payment, term and total cost. Nothing is accepted until you choose an offer.

If you decide to apply with a lender, that lender may run a hard credit inquiry, which can affect your credit score. The lender, not Lendara, decides whether to approve you and on what terms.

Frequently asked questions

What will the monthly payment be on a $5,000 personal loan?

It depends on the APR and term a lender offers you. Enter an APR and a term in the calculator above to see an illustrative payment on $5,000; an actual offer may differ.

What credit score do I need for a $5,000 loan?

There's no single minimum. Each participating lender sets its own criteria and looks at your credit history, income and existing debts together.

Is Lendara a lender?

No. Lendara is a free marketplace that connects you with participating lenders. We don't make credit decisions or lend money.

Related guides

• Comparing Offers: APR, Fees and Term

  A plain-language guide to the three numbers that matter most when comparing loan or credit offers — APR, fees and term length.

• What to Check Before Comparing Personal Loan Offers

  A checklist of what to have ready before comparing personal loan offers, plus how prequalifying with Lendara is designed to use a soft pull.

• Debt Consolidation Basics

  What debt consolidation is, how it generally works, and questions worth asking before you combine multiple balances into one.