Skip to content
SuperMoney logo
SuperMoney logo
Auto Loans
Advertiser Disclosure

Last Updated: 07/01/2025

Prosper Auto Loan

in Auto Loans from Prosper Funding LLC

Last Updated: 07/01/2025

Prosper Funding LLC logo
Strongly recommended6 total votes
5 users recommend
1 users are unsure
Cast Your Vote icon

Cast Your Vote

Get Competing Auto Loan Offers

Compare auto loan offers from multiple vetted lenders.

Compare auto loan offers from multiple vetted lenders.

Discover your lowest eligible rate in minutes.

Discover your lowest eligible rate in minutes.

See how much you qualify for and what your monthly payment will be.

See how much you qualify for and what your monthly payment will be.

Get Personalized Rates

It's quick, easy, and won't hurt your credit score.

Highlights icon

Highlights

Community Rating

Strongly recommended

Amount Range

$2,000 - $40,000
Disclaimer popup with additional information

APR (Fixed APR)

6.95% - 35.99%(Verified 06/21/2024)
Disclaimer popup with additional information

Credit Score Range

640 - 850
Disclaimer popup with additional information

Loan Term (Months)

36 - 60
Disclaimer popup with additional information

Number of Reviews

6
Speech bubbles icon

Prosper Auto Loan Review

Prosper Auto Loan is offered by Prosper Funding LLC, a marketplace lending platform founded in 2005 and based in San Francisco, CA. Prosper auto loan are available in 48 states and Washington, DC.

Prosper auto loan FAQ

How much can you borrow via Prosper auto loan?

Prosper auto loan loan amounts start at $2,000 and go up to $40,000.

What APR does Prosper auto loan offer on its car loans?

Prosper auto loan offers a fixed apr car loan product that ranges from 6.95% APR up to 35.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Prosper auto loan?

Prosper auto loan has car loans with terms ranging from 36 to 60 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Prosper auto loan charge an origination fee?

Yes, Prosper auto loan may charge a loan origination fee of 2.4% to 5% of the auto loan amount . Prosper auto loan deducts the fee directly from your auto loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Prosper auto loan charge a late fee?

Yes, Prosper auto loan charges borrowers with a late payment penatly fee of up to $15

Does Prosper auto loan charge prepayment fees?

No, Prosper auto loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like Prosper auto loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Prosper auto loan loan?

Yes, you can. Prosper auto loan does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Prosper Auto Loan?

Applicants with a credit score of at least 640 and up to 850 may be eligible for Prosper Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Prosper Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Prosper Auto Loan.
To qualify, applicants may need to provide the following documentation:
  • Recent pay stubs
  • Proof of income
  • Driver's license or other government photo ID
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Prosper auto loan?

Prosper auto loan will typically fund the car loan within 7 business days of approval.

Does Prosper Auto Loan report your account activity to credit bureaus?

Yes, Prosper Auto Loan reports to the following credit bureau:
  • TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does Prosper Funding LLC perform a hard credit pull?

As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates.
Prosper auto loan allows you to check your rates with a soft credit pull.

Is Prosper Funding LLC a legit company?

Prosper Funding LLC was founded in 2005, it is a well-established company that has been in business for 21 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

Prosper Auto Loan Disclosure: For example, a three-year $10,000 loan with a Prosper Rating of AA would have an interest rate of 5.31% and a 2.41% origination fee for an annual percentage rate (APR) of 6.95% APR. You would receive $9,759 and make 36 scheduled monthly payments of $301.10. A five-year $10,000 loan with a Prosper Rating of A would have an interest rate of 8.39% and a 5.00% origination fee with a 10.59% APR. You would receive $9,500 and make 60 scheduled monthly payments of $204.64. Origination fees vary between 2.41%-5%. APRs through Prosper range from 6.95% (AA) to 35.99% (HR) for first-time borrowers, with the lowest rates for the most creditworthy borrowers. Eligibility for loans up to $40,000 depends on the information provided by the applicant in the application form. 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Prosper Funding LLC logo

Message from Prosper auto loan

Prosper was founded in 2005 as the first peer-to-peer lending marketplace in the United States.

Contact

Headquarters

221 Main Street, Suite 300
San Francisco, CA 94105
(866) 615-6319
Visit Site
Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

Other Services by Prosper Funding LLC