The monthly payment for a $5,000 loan depends on the loan type, your credit history, and the specific terms that come with the loan approval. Different bad credit loan products offer different terms, and one online lender will have different terms than another lender, even for the same loan option. For example, debt consolidation loans tend to have better terms than short-term loans, such as a payday loan or cash advance. If you can get a loan through your credit union, you can usually get a lower monthly payment than if you find a cash loan through an online lender. Before signing a contract for any online loan, check the breakdown of your payments. Lenders must provide a summary of your monthly payment obligations as part of your loan offer paperwork.  If you aren’t sure you’ll be able to make your monthly payments on time, try to investigate other options such as a lower loan amount, a longer repayment term, or other loan types.  The easiest bad credit loans to get are usually secured loans, which use a valuable item you own as collateral for the amount you borrow. If you own a car, for example, you can try to get an auto title loan that uses the value of your car to determine the amount you can borrow.