If you want to borrow 5000 US dollars (5 thousand US dollars) you can take out a personal loan or revolving credit for this. It is therefore important that you determine whether this 5000 US dollar will be borrowed once, or whether you will need money more often.
Borrow 5000 US dollars through a personal loan
With a personal loan you choose to borrow 5000 US dollars once. This also means that the interest is fixed in advance, which is very reassuring. That way you always know where you stand. See below where you can best borrow 5000 US dollars. The interest on a personal loan is often higher than when taking out a revolving credit.
Borrow 5000 US dollars through a revolving credit
With a revolving credit you choose that you can withdraw money more often, flexibly. This makes borrowing easier. But this also means that it takes discipline to pay off this money. Because the interest varies, you do not know what interest you will ultimately pay. Our advice is therefore to opt for a personal loan, unless you suspect that you will withdraw money more often. See below where it is best to take out a revolving credit if you want to borrow 5000 US dollars.
Borrow interest 5,000 US dollars
The interest differs per loan form and lender. Since the amount of USD 5,000 is still limited, you can assume that the interest is limited. Our comparisons have shown that the interest varies between 2-5%.
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Borrow 5000 US dollars without BKR
Borrowing 5000 US dollars without BKR testing is difficult. Because you can almost only choose between a revolving credit and a personal loan, there is always a check at the BKR. If you still want to borrow 5000 US dollars without BKR, we recommend that you borrow money privately. In this case, make sure that you can pay off the loan and agree on the loan conditions well. Read more information about borrowing money without BKR here .
Borrow more or less than 5000 US dollars?
In our overview we have compared different loan amounts and lenders. View the amount you want to borrow below: