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!


by Suzana Brito

Published on 11/21/2022

Prosper Personal Loan application: Enjoy the convenience of an online application!

Prosper logo
Get your personal loan online. Read on! Source: Prosper

Do you want to learn how to apply for a Prosper Personal Loan? Here is everything you need to know.




pay off debt online

Easy application. Low-interest.

You will be redirected to another website

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.



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

beautiful plus size black woman with makeup feeling excited and happy while holding and looking at her phone
You can use the Prosper app to manage your loan. Learn more here! Source: Adobe Stock

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.

Multiple personalized credit card offers

Applying won't hurt your credit score

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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.

LendingClub Personal Loans logo

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

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

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