Prosper Personal Loans Review
ConsumersAdvocate.org Rating: 9.6 / 10 (Excellent)
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The following companies are our partners in Personal Loans: Even Financial, Payoff, Discover, LightStream, LendingTree, SoFi, Upstart, PersonalLoans, LendingPoint, Backed Inc., Lending Club, Avant, SignatureLoan, LoanStart, MoneyLion, Prosper, FreedomPlus, Loans Under 36, Laurel Road, Monevo, CashUSA, 36 Month Loans, ForwardLend, Upgrade, SuperMoney, CompareFirst, and Credible.
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How is Prosper rated?
Overall Rating: 9.6 / 10 (Excellent)
Prosper Loan Specifics
Loan Specifics - 9.7 / 10
|Debt/Credit Card Consolidation|
1 to 3 business days
Representative Loan Sample
Qualification - 9.5 / 10
|Minimum FICO Score|
|Personal Income Considered|
|Verify Bank Account|
|Hard Credit Pull|
Prosper Cost of Loan
Cost of Loan - 9.6 / 10
The origination fee is subtracted from the loan immediately, before loan proceeds are transferred to your account. If you are using your loan through Prosper to purchase something specific (like a new couch), make sure you ask for enough to cover both the couch and the closing fee. For example, if you have a Prosper Rating of HR and take a loan for $5000.00, you will be charged a $247.50 closing fee. You will then receive $4752.50 in cash deposited directly into your bank account.
5.99% - 35.99%
|Missed Payment Penalty|
Greater of $15 or 5% of the payment amount
Lender Reputation - 9.5 / 10
|Type of Lender|
Peer to Peer
|Number of BBB Positive Reviews|
|Number of BBB Negative Reviews|
|Trust Pilot Rating|
6.0 out of 10
- Innovative peer-to-peer loans trusted by 250,000+
- No teaser rates/ hidden fees - 5.99% to 35.99% APR
- Get $2,000 to $35,000 with 3 or 5 years to pay it back
- Answer a few questions to get your lowest eligible rates instantly.
- You can pay it off whenever without penalty.
- Your money goes straight to your bank account via direct deposit.
- No prepayment penalties
- A+ BBB rating
- 640-740 credit score is ideal