The best way to borrow $5,000 with no credit check is to apply for a personal loan from 60MonthLoans, which does not use applicants’ credit history as a condition for approval. Approval is still not guaranteed, though, as 60MonthLoans will look at things like your income and employment status to determine your ability to pay.
Unfortunately, few reputable lenders will offer loans of $5,000 with no credit check, so there isn’t much of a selection. Although some alternatives are available, 60MonthLoans is a better option because it’s a lot less expensive.
Other Places to Get a $5,000 Loan with No Credit Check
Friends and family: There’s no limit on the amount you can borrow from friends and family, as long as they’re willing to lend it. Just be sure to have a solid repayment plan so you don’t ruin your relationship.
Pawn shops: Pawn shops typically offer 25% - 60% of an item’s value, and they hold onto that item while you repay the money with interest. The interest is expensive, though, and if you don’t pay on time the pawn shop will sell the item rather than return it to you.
Auto title lenders: You can get a loan of around 25% to 50% of the value of your car, to be repaid in 15 to 30 days. But if you can’t pay it back – with interest as high as 25% of what you borrow – you could lose your car.
This answer was first published on 08/23/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
