Reviews
Learn to apply easily for the Prosper Personal Loan
Here is how you can apply quickly and easily for the Prosper Personal Loan. This online lender can help you with an emergency, a dream vacation, home improvements, and much more. Read on to understand the requirements!
Advertisement
Prosper Personal Loan application: Enjoy the convenience of an online application!
Do you want to learn how to apply for a Prosper Personal Loan? Here is everything you need to know.
This personal loan offers $2,000 to $50,000, with competitive rates suitable to your circumstances. Keep reading to learn more!
Online application
Applying for a Prosper personal Loan is simple and convenient. You do it online on their website.
The first step you’ll take is to visit the Prosper website and create an account. Once you have created an account, you can qualify and apply for a loan.
To apply for a loan, you must provide basic information about yourself, including your name, address, phone number, and email address.
You will also need to provide financial information, such as your income and employment history.
After you have provided this information, you will be able to see if you qualify for a Prosper personal loan.
You can choose the loan amount and terms that best suit your needs if you qualify.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Requirements
To apply for a Prosper personal loan, you’ll need to be at least 18 years old, a U.S. citizen or permanent resident, and have a regular source of income.
You’ll also need a valid email address, phone number, and bank account in the United States.
Apply using the app
You can use the Prosper app to download it. You can pre-qualify and get approved for your personal loan.
The mobile platform is available on Android and iPhone devices alike- it’s free.
Prosper Personal Loans vs. LendingClub Personal Loans: which one is the best?
Prosper Personal Loan is good for bad credit borrowers looking for competitive rates and quick funds for their projects.
On the other hand, LendingClub’s most attractive feature is direct deposit to debt consolidation loans.
These options are very similar, but you can find their main differences below.
Prosper Personal Loans
- APR: From 6.99% to 35.99%;
- 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.
LendingClub Personal Loans
- APR: It ranges from 8.30% to 36.00%;
- Loan Purpose: Credit card and debt consolidation, Balance transfers, and Home improvements;
- Loan Amounts: $1,000 – $40,000;
- Credit Needed: 600 or higher;
- Origination Fee: It ranges from 3.00% to 6.00% of the loan amount;
- Late Fee: 5% of the late payment amount or $15, whichever is greater;
- Early Payoff Penalty: LendingClub Personal Loan doesn’t charge an early payoff penalty.
Do you want to learn more about the LendingClub Personal Loan? Check out the application post below.
How to apply for LendingClub Personal Loan
Whether you want a loan for home remodeling or debt consolidation, here are some steps you'll need to apply
About the author / Suzana Brito
Trending Topics
Is the U.S. headed for a housing crisis?
Could a housing crisis be on the horizon for the United States? Find out what factors could lead to one and how it would impact the economy.
Keep Reading
DoorDash Rewards Mastercard® application: how does it work?
Would you like to apply for the DoorDash Rewards Mastercard®? Follow this simple guide to learn how. Earn a $100 cash bonus and more!
Keep Reading
PNC Bank Mortgage review: how does it work and is it good?
The PNC Bank Mortgage review will give you all the details you need to understand if this lender is a good choice. Keep reading!
Keep ReadingYou may also like
Western Union® Netspend® Prepaid Mastercard® review
Manage your finances with ease using the Western Union® Netspend® Prepaid Mastercard® of this review. No credit check required!
Keep Reading
The best apps for anxiety: take a deep breath and download one
Everybody needs a break, and these apps for anxiety are the best way to get some minutes of peace inside your head during the day.
Keep Reading
Capital One SavorOne Cash Rewards Credit Card review
Check out this Capital One SavorOne Cash Rewards Credit Card review to learn all about its benefits, such as cash back and ZERO annual fee!
Keep Reading