Personal Loan from Prosper
Personal Loan from Prosper - see full info about rates, terms, credit score.
Updated April 23, 2022
Check rates
On Prosper‘s site
Check your personal loan rates
APR Range
7.95 - 35.99%
Amount
up to $40,000
Term
up to 60 months
Minimum credit score:
Fair (580-669)
No early payoff penalty
See full info about rates in different states
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On Prosper‘s site
Check ratesOptions
- Loan purpose:Personal Loan
- Lender:
- Bank:WebBank
- Credit Level:Fair (580-669)
- When funds are available:1 business day.
Fees
- Origination fee2.41 - 5%
- Late fee$15
- Check processing fees$5
- Returned check fees$15
Pros & Cons
Pros:
- Fast approval and funding
- Simple application process
Cons:
- Origination fee
- Extra Fees
- No Autopay Discount
- Not available in all states
Rates
Rates
7.95 - 35.99%
Term
36 - 60 months
Loan Amount
$2,000 - $40,000
List of states where Prosper loan is not available:
- Iowa
- West Virginia
Requirements
- What you need to get approved (Qualifications)FICO® score 640 or higher.
- Ages
To qualify, you must be at least 18 years old.
- Requirements Description
- Personal information (name, address, phone number, and email)
- Minimum credit history: 2 years
- No bankruptcies filed within the past year
- Social Security number and a U.S. bank account
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Recommended credit score
Fair (580-669)
- 5.94 - 35.97 %APR
- 3 - 5 yearsLoan Term
- $1,000 - $50,000Loan Amount
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Recommended credit score
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- $5,000 - $100,000Loan Amount
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Description
Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.
The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.
If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.