Prosper Personal Loans
in Personal Loans from Prosper Funding LLC
Claimed Visit Site Get Personalized RatesProsper Personal Loans
in Personal Loans from Prosper Funding LLC
Would you recommend Prosper Personal Loans to your friends?
| Community Rating | Mostly not recommended |
| Loan Amount | $2,000 - $40,000 |
| APR (Fixed APR) | 6.95% - 35.99% |
| Loan Term | 36 - 60 months |
| Number of Reviews | 20 |
Prosper Personal Loans Review
Prosper Personal Loans is a personal loan offering by Prosper Funding LLC, a marketplace lender based in San Francisco, CA. Founded in 2005, Prosper Funding LLC offers access to personal loans in 48 states (and Washington, DC).
What rates and terms does Prosper Personal Loans offer?
What personal loan APRs does Prosper Personal Loans offer?
Prosper Personal Loans offers a fixed APR personal 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.
How much can you borrow via Prosper Personal Loans?
Loan amounts start at $2,000 and go up to $40,000.
What can a personal loan from Prosper Personal Loans be used for?
Personal loans from Prosper Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Prosper Personal Loans?
Prosper Personal Loans offers personal loans with terms ranging from 36 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
| Loan Amount | $2000 - $40000 |
| Loan Term | 36 - 60 months |
| APR | 6.95% - 35.99% |
What fees does Prosper Personal Loans charge?
Does Prosper Personal Loans charge an origination fee?
Prosper Personal Loans charges a loan origination fee of 2.4% to 5% of the loan amount. Prosper Personal Loans deducts the fee directly from your 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 Personal Loans charge a late fee?
Yes, Prosper Personal Loans may charge borrowers a late payment fee, which is triggered if you're 15 days late.
Does Prosper Personal Loans charge prepayment fees?
No, Prosper Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
| Origination Fee | 2.4% - 5% |
| Prepayment Fee? | No |
| Late Payment Fee | N/A |
What do you need to qualify for a loan with Prosper Personal Loans?
Applicants with a credit score of at least 640 can apply for a loan via Prosper Personal Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a loan with Prosper Personal Loans, applicants need a minimum annual income of $60,000 or higher. Prosper Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay the loan requested.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Prosper Personal Loans. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
| Minimum Age | 18 |
| Bank Account Required? | No |
| Joint Applications Accepted? | Yes |
| Credit Score | 640 - 850 |
What is the estimated funding time for a personal loan via Prosper Personal Loans?
Prosper Personal Loans will typically approve (or deny) a loan application within 168 hours and fund personal loans within 7 business days of approval.
Does Prosper Personal Loans report loan payments to credit bureaus?
Prosper Personal Loans may report credit data to the following credit reporting agencies:
- Transunion
Contact
- Headquarters
-
221 Main Street, Suite 300
San Francisco, CA 94105 USA - Visit Site
Message from Prosper Funding LLC
Other Services by Prosper Funding LLC
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
| No Prepayment Fee | |
| Late Fee After (number of days) | 15 |
| Origination Fee | 2.4% - 5% |
Prosper Personal Loans Community Reviews
Would you recommend Prosper Personal Loans to your friends?
