Reviews
Prosper Personal Loan review: how does it work and is it good?
Prosper's fast funding and large borrowing amount make them a good choice for those needing quick cash. Learn more about it in this Prosper Personal Loan review. Read on!
Advertisement
Prosper Personal Loan: Perfect for bad and good credit
Are you looking for a personal loan to cover a big expense? If so, you may have come across Prosper as an option. In this Prosper personal loan review, we’ll closely examine what this lender has to offer.
How to apply for Prosper Personal Loan
Find out how to apply for the Prosper Personal Loan and quickly get the money you need. Read on!
We’ll also look at this loan’s advantages and drawbacks to help you decide if Prosper is the right choice for you. Read on!
- APR: From 6.99% to 35.99% variable APR;
- Loan Purpose: Debt consolidation, home improvement, medical bills, financing a car, going on vacation, etc.;
- Loan Amounts: From $2,000 to $50,000;
- Credit Needed: 560 or higher;
- Origination Fee: The origination fee ranges between 1% and 5%;
- Late Fee: The late fee will be 5% of the monthly payment amount or $15, whichever is greater;
- Early Payoff Penalty: It doesn’t charge an early payoff fee.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
Advertisement
What is the Prosper Personal Loan?
Prosper is an online platform that offers personal loans for fair or good credit borrowers.
It considers the debt-to-income ratio and credit score when determining loan options for its applicants.
Also, Prosper Personal Loans offers joint loan options to add co-borrowers to the loan.
Then if you include a strong credit borrower, you might increase the chances of approval.
Prosper Personal Loan is available for various purposes, including debt consolidation, home improvement, and large purchases.
In addition, this platform promises fast funding in less than a business day after the deal is accepted. So, you’ll get the money you need to start your projects.
Finally, you can borrow from Prosper Personal Loan an amount between $2,000 to $50,000. That will depend on your financial circumstances.
Is the Prosper Personal Loan good?
Prosper Personal Loan can be interesting depending on your goals.
To help you decide if Prosper Personal Loan is good for you, check out its advantages and drawbacks below.
Advertisement
Pros
- Instant Approval: Get the money you need in as little as 24 hours;
- Flexible Payment Dates: Choose a date that works best for you;
- Joint Loan Option: Apply with a friend or family member and share the responsibility;
- Wide Range of Loan Amounts: Get the loan amount that fits your needs, from $2,000 to $50,000.
Cons
- There are origination and late fees;
- There aren’t options to make direct payments for debt consolidation loans.
Advertisement
Does the Prosper Personal Loan check credit scores?
Yes, it does. Prosper Personal Loan will do a hard credit check, so your score might temporarily decrease.
Want to get the Prosper Personal Loan? We will help you!
We hope the Prosper Personal Loan review has clarified your mind about how it works. Keep learning about it and how to apply for Prosper Personal Loan below.
How to apply for Prosper Personal Loan
Find out how to apply for the Prosper Personal Loan and quickly get the money you need. Read on!
Trending Topics
Application for the Capital One Platinum Secured Credit Card: how does it work?
Learn how to apply for the Capital One Platinum Secured Credit Card and enjoy the benefits of a secured card without any hidden fees!
Keep Reading
How to apply for the Scotiabank Preferred Package
Apply for the Scotiabank Preferred Package with this easy-to-follow step-by-step guide, and get your chequing account going today.
Keep Reading
Marriott Bonvoy Boundless® Credit Card application: how does it work?
Learn how to apply for the Marriott Bonvoy Boundless® Credit Card, applying is a breeze. Earn cash back on purchases! Read on to learn more!
Keep ReadingYou may also like
How do credit card miles work?
How do credit card miles work? Understand how to use your card to collect miles. Read on to learn more about it!
Keep Reading
Capital One Savor Cash Rewards Credit Card vs. Capital One Walmart Rewards® Mastercard®: card comparison
Capital One Savor Cash Rewards Credit Card or Capital One Walmart Rewards® Mastercard®? Compare them and find out which one is best for you!
Keep Reading
American Express® Gold Card Review: earn rewards when traveling
This is an American Express® Gold Card review about its benefits. Read on to know about the rewards program, fees, and more.
Keep Reading