Prosper – Personal Loan
Prosper is America's first peer-to-peer lender, offering personal loans up to $50,000 funded by individual and institutional investors.
Applying does not obligate you to accept a loan offer.
Prosper Personal Loan – 2026 Review
Prosper Marketplace is the original US peer-to-peer lender, founded in 2005. Today most loans are funded by institutional investors, but Prosper remains a popular choice with rates that compete with major online lenders.
Prosper Loan Range
Loans go from $2,000 to $50,000 with terms of 24 to 60 months. APRs range from 8.99% to 35.99%. An origination fee of 1% to 7.99% is deducted from the loan proceeds.
✓ Pros
- Joint applications
- Soft-pull pre-qualification
- Direct creditor pay
- Long industry history
✗ Cons
- Origination fee 1%-7.99%
- Late fee 5% or $15
- No co-signer (joint only)
Loan Example
Example: $10,000 loan for 36 months at 14.99% APR with 4.99% origination fee = monthly payment of $346.51, total payable $12,474.36.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ US citizen or permanent resident
- ✓ Verifiable income
- ✓ Credit score 640+
- ✓ Debt-to-income ratio under 50%
Loan Features
- Joint applicants accepted
- Loans up to $50,000
- Pre-qualification with soft pull
- Direct creditor pay option
- Peer-to-peer model
Frequently Asked Questions
1-3 business days after submitting your application.
The minimum amount at Prosper is $2,000 USD.