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Loan amount

$5,000 loans with bad credit

What a $5,000 installment loan costs at typical bad-credit APRs, and the states where the law caps loans below that amount.

Last updated .

BadCreditMD is not a lender or broker. We explain your options; a lending network partner shares requests with lenders, who set their own rates and decide whether to lend. See disclosures.

Representative example

Amount borrowed
$5,000
Annual percentage rate (APR)
29.99%
Repayment
36 monthly payments
Payment
$212.23
Finance charge
$2,640.28
Total of payments
$7,640.28

Example: a $5,000 installment loan at 29.99% APR repaid in 36 monthly payments of $212.23 costs $7,640.28 in total, including a finance charge of $2,640.28. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.

States where $5,000 is above the legal maximum

StateStatutory max
Alabama$1,499.99
Georgia$3,000
Hawaii$1,500
Oklahoma$1,500
Check your optionsStart with your stateLoan options, state rules and local help for where you live.

Important disclosures

Illustrative range for installment loans: APRs from 5.99% to 35.99%. This range is not a quote; each lender sets its own rates. Your APR depends on your credit, income, state and the lender.

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