Personal Loans with Great Rates
Prosper s Personal Loan Marketplace is Easy to Use
If you have good credit, you re a perfect candidate for a personal loan through Prosper s peer-to-peer lending marketplace. We connect people looking to borrow money with investors. Get low fixed rates without any of the hidden fees and red tape associated with other types of loans. Signing up is quick and easy. And of course, we always keep your personal loan information secure and anonymous.
It s Simple to Apply for a Personal Loan:
Give us some basic information about yourself.
Check your rates and review your loan options.
Once investors commit funds to your loan, your loan will originate and be deposited in your bank account.
That s it! Your monthly loan payments are fixed and, if you choose, will be automatically deducted from your bank account. There are no hidden fees or prepayment penalties, and your loan s interest rate will never change.
Loans through Prosper are Unsecured No Collateral Required
Looking for a loan to consolidate debt, start a small business, or remodel your kitchen, but find you lack the property or other collateral that some banks might require for such loans? Good news: All loans through Prosper are unsecured. You qualify for a loan based on your credit history.
You Can Use Your Loan for Almost Any Purpose
You’re free to use the cash from your personal loan through Prosper in a wide variety of ways to enhance your life or business, such as:
Does my credit score affect my loan?
Yes. If you are sure you have bad credit, you may want to consider improving it before you apply. If you are not sure of your credit score, we can help you find out now, for free, with no obligation. You need not have “perfect credit” to obtain a loan through Prosper.
What can I do to get my loan faster?
You can get your loan faster by submitting all required information and documents promptly. As we process your loan application, we ll email you with any additional information you need to provide. You can track the progress on your loan application through our Verification Stage system which indicates how far along we are verifying the information you submitted.
Check your rate
Choose the right fit for your business
*For example, a three year $10,000 loan with a rate of 5.99% APR would have 36 scheduled monthly payments of $302. A five year $10,000 loan with a rate of 9.68% APR would have 60 scheduled monthly payments of $201. Annual percentage rates (APRs) through Prosper range from 5.99% APR (AA) to 36.00% APR (HR) for first-time borrowers, with the lowest rates for the most creditworthy borrowers. Eligibility is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All loans made by WebBank, member FDIC.
Notes offered by Prospectus. Notes investors receive are dependent for payment on unsecured loans made to individual borrowers. Not FDIC-insured; investments may lose value; no Prosper or bank guarantee. Prosper does not verify all information provided by borrowers in listings. Investors should review the prospectus before investing.
All personal loans are made by WebBank, member FDIC. Loans are unsecured, fully amortized personal loans.
Notes are not guaranteed or FDIC insured, and investors may lose some or all of the principal invested. Investors should carefully consider these and other risks and uncertainties before investing. This and other information can be found in the prospectus. Investors should consult their financial advisor if they have any questions or need additional information.
Prosper Funding LLC. | 221 Main Street, Suite 300 | San Francisco, CA 94105
**All personal loans are made by WebBank, member FDIC. All Prosper personal loans are unsecured, fully amortized personal loans.
Notes offered by Prospectus. Notes investors receive are dependent for payment on personal loans to borrowers. Not FDIC-insured; Investments may lose value; No Prosper or bank guarantee. Prosper does not verify all information provided by borrowers in listings. Investors should review the prospectus before investing.
*Seasoned Return calculations represent historical performance data for the Borrower Payment Dependent Notes (”Notes”) issued and sold by Prosper since July 15, 2009. To be included in the calculations, Notes must be associated with a borrower loan originated more than 10 months ago; this calculation uses loans originated through May 31, 2012. Our research shows that Prosper Note returns historically have shown increased stability after they’ve reached ten months of age. For that reason, we provide “Seasoned Returns”, defined as the Return for Notes aged 10 months or more.
To calculate the Return, all payments received on borrower loans, net of principal repayment, credit losses, and servicing costs for such loans, are aggregated and then divided by the average daily amount of aggregate outstanding principal. To annualize this cumulative return, it is divided by the dollar-weighted average age of the loans in days and then multiplied by 365.
All calculations were made as of September 30th, 2013. Seasoned Return is not necessarily indicative of the future performance on any Notes.