Best Personal Loans from Prosper of April 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.

Prosper
Updated April 27, 2024

See all Prosper personal loans in April 2024

Showing 3 loans
Lender
APR
Term
Loan amount
Apply
Personal Loan
2.36
APR
7.95 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $40,000
  • Minimum credit:
    scorer
    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.

See Prosper full product review
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On partner's site
Debt Consolidation Loan
2.36
APR
7.95 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $40,000
  • Minimum credit:
    scorer
    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.

See Prosper full product review
Check rates
On partner's site
Home Improvement Loan
2.36
APR
7.95 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $40,000
  • Minimum credit:
    scorer
    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.

See Prosper full product review
Check rates
On partner's site
See all personal loans
For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.
Check rates
On partner's site

Check Prosper personal loan rates

scorer
APR Range
7.95 - 35.99%
scorer
Loans
up to $40,000
scorer
Terms
up to 60 months
scorer
Score required:
Fair (580-669)
scorer
Loan purposes:
Personal Loan, Debt Consolidation Loan, Home Improvement Loan

Information about lender

  • Organisation:
    Prosper Funding, LLC
  • Website:
    prosper.com
  • Headquarters:
    221 Main Street, Suite 300 San Francisco, CA 94105

Prosper Personal loans Pros&Cons

Pros:
  • 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.
Cons:
  • 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

LightStream
LightStream
Personal Loan
5 out of 5
Recommended credit score
bank name
Fair (580-669)
  • 5.99 - 21.49 %
    APR
  • 2 - 6 years
    Loan Term
  • $5,000 - $100,000
    Loan Amount
Check rates
On partner's site
Marcus by Goldman Sachs
Marcus by Goldman Sachs
Personal Loan
4.13 out of 5
Recommended credit score
bank name
Fair (580-669)
  • 6.99 - 24.99 %
    APR
  • 3 - 6 years
    Loan Term
  • $3,500 - $40,000
    Loan Amount
Check rates
On partner's site
Upstart
Upstart
Personal Loan
3.77 out of 5
Recommended credit score
bank name
Poor (300-579)
  • 5.6 - 35.99 %
    APR
  • 3 - 5 years
    Loan Term
  • $1,000 - $50,000
    Loan Amount
Check rates
On partner's site

See personal loans from other lenders