A small Personal Loan of $5,000 on average is a quick, convenient way to pay for some unexpected expenses. Affordable small-dollar loans have fixed monthly payments that shouldn’t exceed 5% of your monthly income, repayment terms vary from 6 months to 7 years. Learn all necessary information on small personal loans: how they work, how to apply and get instant approval even with bad credit and possibly with NO credit check.

TOP RATED COMPANIES

Rates last updated September 18th, 2019
4.3264248704663

LEND YOU

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

4.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

4.4144981412639

Check Into Cash

$3,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Check Into Cash is a national leader in direct lending, providing customers with affordable, short-term, small dollar credit solution such as Payday Advances, In-Store Cash Advances, Online Payday Loans, Title Loans, Title Pawns,Check Cashing, Western Union®, walk-in Bill Pay, and reloadable prepaid U.S. Money Cards both online and in their in-store centers nationwide. They offer reliable service, affordable rates, simple requirements and convenient repayment. Compare the reviews on Check Into Cash and their products, fins out all you need about this company and apply for the service you need.

4.3942307692308

Greenlight Cash

Available for Bad Credit

Need a financial support? We’ll find you the money when you need it most! Greenlight Cash offers Online loans up to $5,000. Among other benefits are:

  • Any credit is welcome. Have less-than-perfect credit but still need a loan? It’s not a problem! Submit a request, and we’ll find a lender that will be willing to work with you.
  • Simple online process. No lines and no extra paperwork! It takes a few minutes to fill out our short online form, submit it and get a quick decision from a lender.
4.2692307692308

Jora Credit

Available for Bad Credit

Jora Credit is a Lender that operates under the state specific rules for the states that it services. They are committed to the lending of responsible credit products to eligible applicants in need of emergency credit. Jora offers a simple, reliable way for customers to get a loan, and have the flexibility to repay it over a duration of time that makes sense for their lives and budget. Jora provides loans as soon as the next business day. Apply today and get $500 to $2,600 as soon as tomorrow. Get a Loan Fast!

ONLINE COMPANIES

Rates last updated September 18th, 2019
4.1810344827586

Your Faster Payday

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6,63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

4.0526315789474

Fast Holiday Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6,63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Get cash for the holidays! Get a loan of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source
4.2758620689655

Bad Credit Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

5.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

BadCreditLoans.com has been in the business of helping people since 1998. They make it simple for consumers to get the funds they are looking for online.

The company offers: 

  • Bad Credit Personal Loans
  • Bad Credit Business Loans
  • Bad Credit Credit Cards
  • Bad Credit Mortgage Loans
  • Bad Credit Home Loans
  • Bad Credit Student Loans
  • Bad Credit Auto Loans

Contents:

Small Personal Loans starting at $5000.

Small Personal Loans form direct lenders online.

How do small Personal Loans work?

How do I apply for a small Personal Loan?

Why do I choose small Personal Loan?

Small Personal Loans for bad credit.

Is it possible to get a small Personal Loan with NO credit check?

How much will a small Personal Loan cost?

Other types of small Personal Loans.

Small dollar loans alternatives.

Small Personal Loans starting at $5000. 

Very often we face situations when a Payday Loan is not enough to solve your financial problems, or you try to obtain a loan with lower rates and longer terms. Then you should apply for a small Personal Loan. It can be as small as $5,000 and corresponds to other your criteria: up to 7 year repayment term and the interest lower than both Payday Loans and Installment Loans.

Unfortunately, there’s no guarantee you’ll be approved for a loan of a certain size. But your chances highly increase if you apply online, or even better se a comparing service. It lets you evaluate a lot of offers and find a direct lender ready to grant you the necessary funds even if you have a bad or poor credit score. no matter what your credit score. They don’t require any guarantor or collateral. Small Personal Loans are unsecured.

Want to know how to increase your chances not to get disqualified? Read further to find out how to find a reliable direct lender, how to avoid credit check, how to calculate the cost of a loan, etc.

Small Personal Loans form direct lenders online. 

No matter what the purposes, the amount, the eligibility criteria, terms and other conditions of the loan are, Online Personal Loans turn the borrowing process into a quick, stress free and convenient business.

Our service focuses on providing you with the most updated verified data on the Loans you are looking for, connecting you with the top-rated reliable lenders, guarantying security of your personal data and giving you the chance to fill out a free online application and learn if you qualify for the loan.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Online small Personal Loans have a number of indisputable advantages:

Choosing a small dollar Personal Loan you minimize your monthly installments and pay the loan back quickly.

How do small Personal Loans work? 

Officially, “small personal loans” are not defined anyhow but mostly the term is refered to as personal cash advance of $3,000 or less. Direct lenders usually set minimum and maximum amount limits, and what concerns Personal Loan type $3,000 or $5,000 is the minimum sum. We can help you find lenders providing these small Personal Loans, even those which count to $1,000.

For this you just need to follow 3 easy steps:

  1. Fill out a free application form. It’s secure and doesn’t affect your credit history.
  2. Get matched with more than 300 direct lenders and receive an instant decision from the most suitable of them.
  3. If you are approved the funds are deposited into your bank account within 1-2 business days.

Before following these steps decide on the amount you need and you can afford, choose the repayment term and plan your budget carefully not to get into debt.

How do I apply for a small Personal Loan? 

Fortunately, applying for a small personal loan doesn’t differ from applying for a regular personal loan. It’s as fast and easy. Applying process and requirements vary only depending on the lender. Most of them would like you to provide the proof of income, a credit score or credit check and your bank account information.

If you apply online the process is simple and does not depend on your credit. The lenders make decision by verifying your income, employment history, etc.

You can qualify for this type of loans by meeting the following criteria:

  • being at least 18 years of age
  • living and working in the United States
  • having a bank account under your personal name
  • having a stable income that ensures your ability to make monthly payments to pay off the loan

Do you qualify for a small Personal Loan? If yes, shop around for a good lender, compare the rates and fees, get as much information as possible.

Why do I choose small Personal Loan? 

It is not difficult to find yourself in a situation where a person “loses his head” because he does not have available cash, and at the same time he can pay all his expenses in the future prospect.

The most common examples of this situation are:

  • First, short-term financial difficulties can cause a backlog of regular payments. If you have a small Personal Loan, you will not risk losing your home, apartment or the only car.
  • Secondly, online Personal loans help to overcome “rough spots”. Without discomfort, you do not risk financial charges for bank overdraft and other forms of overdue payments. A small loan online will save you from bank fines and additional fees.
  • The third point concerns the purchase of goods that are not necessary, but without which it is difficult to do something important in everyday life. For example, sometimes a person needs financial resources for a short trip or buying a car during the college semester if renting a car is difficult or not beneficial.

Small Personal Loans range from $1,000 to $5,000 and are repaid within two or three years in convenient affordable installments.

I believe you ask yourself “Why should I borrow exactly this type of loan?”. Here are some of the major reasons:

  • It’s unsecured, you don’t have to risk any of your property;
  • Usually quick and easy to apply and get;
  • Convenient repayment plan which helps to plan the budget and not get into debt;
  • Lower interest than Payday Loans or even Installment Loans;
  • Available for both good and bad credit applicants;
  • It’s possible to find a lender who does NO credit check;
  • You can save your money using a small Personal Loan for debt consolidation;
  • Can even help you to improve the credit sore if you borrow wisely!

Small Personal Loans for bad credit. 

Obviously, a bad credit line is a serious obstacle for those who want to take a loan. Banks always pay attention to this moment first of all. A bad credit line means that a person has little chance of getting a loan.

In such cases, an online loan can be a magic tool to help you survive a difficult financial period without constant stress. Most direct lenders approve even subprime borrowers. Though it may lead to higher rates as they need to make up for the risk they take.

So, if your score is far from perfect take a look at the expert tips which will help you to get approved for a bad credit Personal Loan:

  • Before applying check the eligibility criteria the lenders set. Or fill out our free compacom form to find out if you qualify. It won’t affect your credit history.
  • Order a free copy of your credit history from any of the main credit bureaus of the US: Equifax, Experian, and TransUnion. This way you’ll be able to evaluate your creditworthiness from the point of view of the lender.
  • Shop around and compare all the possible loan options you have, look for lower rates and better conditions. Fill out the application form only after you make sure it’s the right lender for you.

Is it possible to get a small Personal Loan with NO credit check? 

Small Personal Loans as well as other types of online cash advance are most popular with subprime borrowers who find it difficult to get approved for the necessary funds by banks and other traditional financial institutions. Does it look familiar to you? If yes, you probably have a bad credit, maybe some previous debts, and not perfect credit history. That’s why you are likely to be looking for a NO credit check Personal Loan.

Must know!
Keep in mind!!! Although a lot of lenders advertise NO credit check loans, in most cases it’s a myth. No loan can be given without at least soft inquiry of your credit history. Only predatory lenders who expect you to default a loan and want to make more money on your penalty fees can guarantee NO credit check service.

Look at the picture to see how different kinds of inquiries may affect your history:

Don’t want to harm your credit history? Look no further than our reliable lenders. We do not guarantee NO credit check, but it’s possible to find the company ready to satisfy themselves with just a soft inquiry. They’ll just require some personal data, driving license or security number, some income proof. If you qualify, you’ll get a small Personal Loan the next day.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

How much will a small Personal Loan cost?

What do you pay attention to first when you look for a loan? Of course, interest rates. It’s the APR which determines the total cost of cash advance. There are certain limits on interest from the state. But make sure to check each lender’s rates and fees as they may vary. Besides the repayment schedule is an important factor. It will show you how much each installment will be and help you evaluate whether you can afford such payments. The National Consumer Law Center considers only loans with the APR below 36% affordable for consumers. Make sure there are no additional fees or balloon payments.

Look at some average costs for small Personal Loans of $5,000, $7,000 and $8,000. Keep in mind it’s only a representative example, the real cost may differ depending on the lender.

Use our Personal Loan calculator to learn more accurate cost of the cash advance for the amount you need.

Personal Loan Calculator

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Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
?
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the time period by the amount of interest.
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To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
Every Payment (Installment) =

per month for year(s) at % APR

* It’s the amount of money you’ll need to pay every month (or other agreed period) according to your repayment plan.
Total Paid After Payments =
Total Interest Paid* =
* The total amount of interest over all the period of the loan.
This calculation is just a representative example and is for illustration purpose only. The rate is also just a representation of what a loan may cost and may differ from the rate you’ll be offered by the lender. Their rate will be based on their vision of your personal financial situation. All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Other types of small Personal Loans. 

It’s always better to have several options you can compare and make a choice. In case of small Personal Loans you may consider the following other ways to find the necessary $5,000, for example.

  • Short-term Payday Loans – will suit only if you need just up to $1,000 till the next paycheck, but the APR is considerably higher
  • Installment Loans – offer the amounts from $1,000 to $5,000 but the terms are shorter.
  • Credit cards – suitable to make purchases but make it rather hard to get out this debt in the future.

Personal loans seem to be a better solution as they offer a convenient repayment plan easy to remember and follow. You can even improve your credit if pay it off on time.

Compare your options for small personal loans

Small dollar loans alternatives. 

Need small cash? See no other options except Personal Loans? You may just lack necessary information which we are ready to share. Check out cheaper alternatives you can use.

If you need the money just for a one-time emergency expense try to use:

  • help from local nonprofits, charities and religious organizations.
  • a payday alternative loan from a credit union.
  • a paycheck advance from your employer.
  • a secured pawnshop loan.
  • some additional odd job to make money.
  • family’s or friends’ help.

If you have current bills for food, rent, utility bills, check out:

  • food banks
  • the Supplemental Nutritional Assistance Program,
  • utility discounts or subsidies to low-income customers,
  • the Low Income Home Energy Assistance Program.
  • a housing counselor .

Have tried all the alternatives but still need money? Apply for a Personal Loan. This is gonna work for sure.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000