Best Personal Loans from Prosper of May 2024
Prosper offers personal loans. The APR for Prosper personal loans starts from 7.95% while the amount you can get varies from $2,000 to $40,000. You can apply for a Prosper personal loan of up to 60 months. See all the terms to decide if Prosper is the right lender for you.
See all Prosper personal loans in May 2024
- Minimum credit:Fair (580-669)
- Origination fee:2.41 - 5%
- Funds available in:1 business day.
- Loan Purpose:Personal Loan
- Pros:
- Fast approval and funding
- Simple application process
- Cons:
- Origination fee
- Extra Fees
- No Autopay Discount
- Not available in all states
Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.
The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.
If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.
- Minimum credit:Fair (580-669)
- Origination fee:2.41 - 5%
- Funds available in:1 business day.
- Loan Purpose:Debt Consolidation Loan
- Pros:
- A clear payment plan
- A set payoff date
- Fast approval and funding
- Simple application process
- Cons:
- Origination fee
- Extra Fees
- No Autopay Discount
- Not available in all states
Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.
The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.
If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.
- Minimum credit:Fair (580-669)
- Origination fee:2.41 - 5%
- Funds available in:1 business day.
- Loan Purpose:Home Improvement Loan
- Pros:
- Fast approval and funding
- Simple application process
- A clear payment plan
- A set payoff date
- Cons:
- Origination fee
- Extra Fees
- No Autopay Discount
- Not available in all states
Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.
The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.
If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.
Check Prosper personal loan rates
Information about lender
- Organisation:Prosper Funding, LLC
- Website:
- Headquarters:221 Main Street, Suite 300 San Francisco, CA 94105
- Borrower Services:
- Investor Services:
Prosper Personal loans Pros&Cons
- Widespread availability. Prosper personal loans are available in all states except Iowa and West Virginia.
- Pre-qualification. Seeking pre-qualification is an option, and it does not affect your credit score.
- Apply with average credit. Prosper requires a minimum credit score of 640, which enables you to qualify even with average credit.
- Transparency. Prosper offers complete transparency by displaying rates, fees, and terms on its website. It also provides all the information you might need about its loans in an easy-to-access manner.
- Joint loans. You may apply for a personal loan through Prosper with a joint applicant.
- Change payment date. You get the ability to set your payment due date according to your convenience.
- No prepayment penalty. You may pay off your Prosper loan ahead of time without worrying about prepayment penalties.
- No autopay discount. Setting up autopay does not come with any discount.
- Relatively high credit requirements. Borrowers cannot qualify for Prosper personal loans if they have poor or bad credit.
- Origination fee. All Prosper loans come with an origination fee of 2.41 - 5%.
- Other fees. Check payment fee stands at $5 or 5% of the payment amount; late fee at $15 or 5% of the amount that’s due; and insufficient funds fee at $15.
- Absence of app. While Prosper provides an app for investors, there’s no app for borrowers.
Check loans from other lenders
- 5.99 - 21.49 %APR
- 2 - 6 yearsLoan Term
- $5,000 - $100,000Loan Amount
- 6.99 - 24.99 %APR
- 3 - 6 yearsLoan Term
- $3,500 - $40,000Loan Amount
- 5.6 - 35.99 %APR
- 3 - 5 yearsLoan Term
- $1,000 - $50,000Loan Amount