Prosper vs Avant 2026 Comparison: Loan Fees, Rates & Credit Requirements
Last updated 09/23/2025 by
Ante MazalinEdited by
Andrew LathamSummary:
Prosper is a peer-to-peer lending platform that connects borrowers to investors, offering flexibility for fair-credit borrowers. Avant focuses on accessible loans for those with fair-to-average credit and offers faster funding. Choose Prosper if you want marketplace-backed options with competitive rates. Choose Avant if you value quick approvals and simple access.
Both Prosper and Avant cater to borrowers outside the “excellent credit only” category. Prosper operates as a marketplace lender, while Avant is a fintech lender. Let’s compare them directly.
Get Competing Personal Loan Offers In Minutes
Compare rates from multiple vetted lenders. Discover your lowest eligible rate.
It's quick, free and won’t hurt your credit score
Quick Comparison: Prosper vs Avant Loans
| Feature | Prosper | Avant |
|---|---|---|
| Loan Amounts | $2,000 - $50,000 | $2,000 - $35,000 |
| APR Range | 8.99% - 35.99% | 9.95% - 35.99% |
| Loan Terms | 24 months - 60 months | 24 months - 60 months |
| Minimum Credit Score | 600 - 850 | 600 - 760 |
| Origination Fees | 1% - 9.99% | Up to 9.99% |
| Late Payment Fee | $15 | $25 |
| Prepayment Fee | No | No |
| Checking Account Required | Yes | Yes |
| Pre-Qualified Soft Credit Inquiry | Yes | Yes |
| SuperMoney User Score | mostly recommended | strongly recommended |
About Prosper
Prosper pioneered peer-to-peer lending in the U.S., making it easier for borrowers with fair-to-good credit to access funds. Its marketplace model connects borrowers directly with investors.
Key Features:
- Peer-to-peer lending model
- Available to fair-credit borrowers
- Fully online application process
About Avant
Avant is an online lender focused on making personal loans accessible to borrowers with fair-to-average credit. It offers faster funding but charges origination fees and has higher APRs for riskier borrowers.
Key Features:
- Loans available for fair-credit borrowers
- Fast funding, often within 1 business day
- Simple online application process
Key Differences Between Prosper and Avant
- Loan Amounts: Prosper offers $2,000 - $50,000, while Avant offers $2,000 - $35,000.
- APR Ranges: Prosper APRs range from 8.99% - 35.99%, while Avant ranges from 9.95% - 35.99%.
- Loan Terms: Prosper terms span 24 months - 60 months, compared with Avant’s 24 months - 60 months.
- Fees: Prosper charges 1% - 9.99%, while Avant charges Up to 9.99%.
- User Score: mostly recommended vs strongly recommended on SuperMoney reviews.
Eligibility & Application Process
Here’s how their borrower requirements compare:
| Requirement | Prosper | Avant |
|---|---|---|
| Minimum Age | 18 | 18 |
| Credit Score Range | 600 - 850 | 600 - 760 |
| Checking Account Required | Yes | Yes |
| Soft Credit Inquiry for Prequalification | Yes | Yes |
Customer Reviews & Reputation
- Prosper: Rated mostly recommended on SuperMoney. Users highlight flexible approvals but mention origination fees and higher APRs for lower credit scores.
- Avant: Rated strongly recommended. Borrowers praise accessibility and quick funding, while some note higher costs compared to banks.
Which Lender Is Best for You?
Choose Prosper if you want peer-to-peer lending flexibility and competitive rates for good credit.
Choose Avant if you need faster funding and more accessible approvals, even with fair credit.
Choose Avant if you need faster funding and more accessible approvals, even with fair credit.
What’s Next
For more details on fees, terms, and borrower feedback, check the full reviews below:
Or explore more comparisons:
Prosper vs SoFi – Marketplace vs fintech perks.
Prosper vs LightStream – Peer-to-peer lending vs low-rate bank loans.
Prosper vs Upstart – Marketplace vs AI-driven underwriting.
Avant vs SoFi – Fair-credit accessibility vs member perks.
Avant vs LendingClub – Fintech vs marketplace lending.
Prosper vs SoFi – Marketplace vs fintech perks.
Prosper vs LightStream – Peer-to-peer lending vs low-rate bank loans.
Prosper vs Upstart – Marketplace vs AI-driven underwriting.
Avant vs SoFi – Fair-credit accessibility vs member perks.
Avant vs LendingClub – Fintech vs marketplace lending.
Browse all personal loan lenders — Compare dozens of lenders side by side to find the best fit.
Key Takeaways
- Prosper is a peer-to-peer platform offering $2,000 - $50,000.
- Avant provides $2,000 - $35,000 with faster funding.
- Both lenders charge origination fees but serve fair-credit borrowers.
- SuperMoney user ratings: mostly recommended vs strongly recommended.
FAQs
Does Prosper charge an origination fee?
Yes, Prosper typically charges an origination fee.
Does Avant approve fair-credit borrowers?
Yes, Avant specializes in loans for fair-to-average credit applicants.
Which lender funds faster?
Avant often funds in as little as one business day. Prosper can also fund quickly, but speed depends on investor demand.
Which is cheaper overall?
Marcus tends to be cheaper for prime borrowers with strong credit, while Avant provides access at a higher cost.
Share this post:
Table of Contents