If you're looking for a different approach to personal lending then a peer-to-peer Prosper Personal Loan just might be what you're after. They work slightly different than traditional lenders, some of their differences may help you get that loan you need. 

Prosper Personal Loans use what they call a 100-point system to evaluate your loan application. This can be particularly helpful for those of you that have got less than a stellar credit score. In fact you might be looking for a loan to help you get out of a sticky financial situation. If so, the Prosper Personal Loan could be an answer. 


A Prosper Online Personal Loan could be the answer to all of your needs.  Prosper takes pride in improving your finances. With low, fixed rates and financial flexibility, you could be on your way to a better financial future. We have compiled information about their loan program so you can better determine if they have got the terms and conditions you are looking for to improve your financial life.

If you are looking for a personal loan that is tailored for your needs and has low, fixed rates then get your own Prosper Online Personal Loan today! Here's how to apply:

What are the Benefits of a Prosper Personal Loans

Aimed at helping you prosper in life, this plan allows you to gain access to some of the lowest rates on the market. When you get a loan with Prosper, you know you that you are getting a fixed-rate loan. This means you won’t be getting any unwanted surprises, especially rates that go up. Plus, with their online facilities, you can easily check your rates.


Another benefit you’re sure to appreciate is having the chance to consolidate your debt with your loan. This means that the loan that will arrive straight to your bank account can be used to directly pay off your debt. Aside from this, your Prosper personal loan can also be used for home improvements, medical expenses, and many other things.

Even better, you can pay off your own loan at your own pace. This lender gives you flexible payment options with fixed 3 or 5-year terms. To top it all off, you only need to pay your dues once a month with a budget-friendly scheme.

Best of all, you get to save your hard-earned money with no pre-payment penalties. To accompany this offering, you’ll be glad to find that out that should your application be approved, you can easily receive your funds within 5 days.


What are the Fees of a Prosper Loan 

The Prosper Online Personal Loan has an APR range of 6.95% to 35.99%. This rate is dependent on your personal financial factors. There is also an origination fee of 2.4% to 5% of the loan amount.

For example, a 3-year loan of $10,000 with a Prosper Rating of AA would get you an interest rate of 5.31% and a 2.41% origination fee. You would need to pay $301.10 for 48 months. Should you choose a 5-year loan, you would need to pay $204.64 every month.



How to Apply for a Prosper Loan 

It is fairly easy to apply for a Prosper personal loan. All you need to do is head to their website and fill out their online application form. There are several things you need to keep in mind before you start the application process. There are a number of important documents you will need and you should be aware of a few restrictions. 

To be eligible, you need to be at least 18 years of age. Aside from this, you also need to have a bank account, a Social Security Number, and have a regular stream of income. More importantly, you should have fewer than 7 inquiries on your credit reports in the previous 6 months. Additionally, you must not have filed for bankruptcy in the last 12 months.

In applying, you will need to provide your personal information, including your annual income, monthly housing costs, and employment status.  Bear in mind that Prosper does not serve borrowers in Iowa or West Virginia.

How to Contact Prosper

To learn more about getting a personal loan from Prosper, it would be best to contact them directly. You can call 1-(866) 615-6319 to speak to a customer service representative. Otherwise, you can visit their main office at 221 Main Street, Suite 300 San Francisco, California.

If you think that a Prosper loan fits your needs, you can easily apply for one today. The loan give you competitive interest rates, but just remember that the payback terms are not flexible. Once you're on board, you must pay according to the schedule creation. If you're not sure if Prosper is the one for you, you can check out some other options.

Note: There are risks involved when applying for a loan. Consult the lender’s terms and conditions page for more information.