Find the Best Personal Loan for Your Needs

Who is Prosper?

In accordance to their website, Prosper is the first marketplace lending platform in the United States of America touting over $10 billion in loans funded to customers. Prosper is quickly becoming one of the most prominent personal loan providers in the entire market.

With APR rates ranging from 5.99%-35.99% and loan amounts between $2,000 and $35,000, Prosper provides customers with the capital needed to handle whatever they need. What makes Prosper such a unique entity is that they offer both borrowing and investing services.

In other words, this company provides personal loans and hosts an outlet for individuals to invest in personal loans. For more information on Prosper and their borrowing and investing services, please visit their website.

Prosper Personal Loans Review

What type of loans do they offer?

Prosper provides borrowers with many different options and loans to pick from. Since personal loans can be used in many different situations, Prosper makes it easy for you to choose how the loan would be suit your life. In accordance to their website, Prosper offers the following types of personal loans:

  • Debt Consolidation Loans
  • Home Improvement Loans
  • Automotive and Vehicle Loans
  • Baby and Loans
  • Small Business Loans
  • Special Occasion Loans

Depending on credit score, all loans are subject to an APR between 5.99%-35.99%. You may choose any of the above personal loans at limits between $2,000 and $35,000.

Benefits of Prosper

Prosper provides individuals seeking financial assistance an opportunity to obtain the funds that other financial institutions would not provide. Prosper offers their customers flexibility when it comes to their loan terms and boasts about their no hidden fees or fine print. The best part, if you choose to pay off your entire loan before the end of the term, you will not be charged an early payment penalty.

Application Process

The application process to join the many others reaping the benefits of Prosper is incredibly easy and only requires four steps:

  • Visit Prosper’s website and check your rate by entering some pertinent information.
  • Select a personal loan term that matches your needs.
  • Apply for Approval.
  • If approved, funds will be released into your account through direct deposit.