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$5000, though not really considered to be a large amount of money these days (although I guess we’d all like to find an envelope stuffed full of bills for this amount), but the fact of the matter is that even this amount is not as readily available as it used to be. Lenders are taking fewer and fewer chances and finding more and more reasons to doubt the financial soundness of a person who is in need of this small amount. Indeed, if a lender does have any concerns then in todays market borrowing 5000 dollars will also end up paying higher interest rate as the provider of the loan would like to take the risk only if the returns are high enough to warrant taking.  Once bitten, really is twice shy in the lending world.

Local banks do not provide smaller loans easily so you can get the amount of $5000 from lenders like payday loan providers or peer-to-peer loan networks. You can give a set of post dated cheques of amounts that include principal and mark up to a pay day loan provider to get a 5000 loan. Getting a 5000 loan is also possible through online peer-to-peer loan providersâ?? network where individuals offer slightly better rate as they compete to lend the money. Finally the best option would be to arrange for such an amount from a relative in order to get lowest interest rates facility.