Quicker REVIEW than APPLY

Prosper the leading peer-to-peer lending financial institution based in San-Fransisco founded in 2005. Better for the borrowers having excellent credit history. Expert marketplace for an investor for best outcomes.

So, you can apply right way by clicking – apply now.



What if I want to pay early, enjoyNO PRE-PAYMENT PENATLY big savings.

Prosper Personal Loan Ratings

Rating is based on personal loans consumer reviews and feedbacks.

LendingClub Ratings:

Customer Rating: 3 and half star rating

Rating Score: 4 out of 5 rating

PLI Rating: 8 / 10

NW Rating: 4.0 / 5.0

CK Rating: 4.5 / 5.0

BBB Rating: A+

Reasons To Consider

Before you apply for a loan consider checking the benefits and features. Prosper application process for an unsecured personal loan is entirely virtual. There are fewer loan underwriting costs. That means Prosper may be able to offer better interest rates and quicker turnaround times than other lenders.

Prosper loan best for the applicants with:

  • Atleast good credit score. The requirement is 640 but average borrowers score is above 700.
  • Stable annual income. No minimum income specified but average borrowers income is $89,000.
  • Regular Income and other assets. Prove of savings even after the loan payments every month.
  • Low debt-to-income ratio. Prosper borrower has 17.50% DTI, although the maximum allowable is 50%.
  • No co-signer. No option for the co-borrowers only applicant can apply.

Prosper Loan Rates and Terms

Prosper Personal Loans
Loan Amount Min. $2,000, Max. $40,000.
APR Rates 6.95% – 35.99%. (May varies time to time)
Processing Fees Origination fee 2.4% – 5%.
Loan Approval Time 1-7 business days.
Fund Release Minimum 1 to 3 business days after approval.
Repayments Terms 3 to 5 years.
Soft credit check? Yes.
Minimum Qualification
  • Minimum credit score requirement: 640. Average accepted: 700.
  • Minimum credit history: 2 years.
  • Minimum annual income: Not specified. An average income of the borrowers: $89,000.
  • Debt-to-income ratio: Maximum 50% (excluding mortgage).


Extra  Fixed rates, Autopay, online process.
Legal States  All.

Prosper – Ask The Expert

The borrowers with good credit can apply anytime. The loan approval takes up to 7 days sometimes and 1 to 3 days to get funds as the funds are entirely depended on the investors. Our experts can help you to reach you go.

Personal Loan Comparison

Compare Prosper with the other peer to peer lending companies online. Get a quick review and rates of the lenders from the comparison. Find the right loan for you enjoying the benefits of fixed low rates and filling your needs. Based on your eligibility get the best loan today.

Debt Consolidation

You can take a personal loan to pay off dues. Debt consolidation can quickly resolve all debts into one. End of the year you will be saving extra. Because your overall interest rates will be less then what you have been paying.

Lending Club Interest Rates Comparison

Prosper low rates is not the lowest rate. As peer to peer lending loans is in the list of best personal loans options. Competitors challenging with low rates as follows:

Prosper Personal loan Rates: 6.95% to 35.99%.

Lending Club Personal loan Rates: 5.99% – 35.89%

Lightstream Personal loan Rates: 3.59% – 14.24%

Prosper Peer To Peer Lending Online

Prosper is a personal loan online pioneer company. The first peer to peer lending company launched back in 2005. Offering unsecured loans to customers with good credit.

So far, Prosper has originated more than $8 billion in personal loans. From marching and marching borrowers to investors.

If you have a bad credit stop right there. Do not apply for Prosper loan as you will get rejected.

Time to apply for a personal loan from Prosper, you will not actually the money directly from the company. As it is a peer to peer lending company it matches investors with the applicants included a processing fee as an origination fee.

Loan range starts from $2,000 to maximum $40,000. You have the option to pay back all the due balance monthly with fixed rates.

How do I qualify for Prosper personal loan?

Prosper qualify an applicant depending on multiple factors. The major factors are credit rating check, the purpose for the loan, loan amount, terms you selected.

If you full fill all the requirements, you are good to go. Get loan approval quickly and within 1-3 business days, your funds will be available.

Prosper Loan example

If a loan applicant with excellent credit. Apply for a personal loan for $10,000 with loan purpose debt consolidation. Selected repayment terms of 3 years at the interest rate of 13.9%. The monthly EMI rate will be $341.

Want to calculate your loan and EMI rates use our Personal Loan Calculator.