Prosper Personal Loans: 2021 ReviewCheck Your Rate
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Overview of Prosper
Pros and cons
Loans can be used for a wide variety of purposes Can apply with joint applicant No fee for paying off loan early
Charges origination fees and other fees High credit score requirements Loan term cannot be changed once set
Prosper Personal Loan Terms, Rates, and Fees
What Types of Loans Does Prosper Offer?
Important to Keep in Mind
a check payment fee if you opt out of digital payments a late fee if you don’t pay within 15 days an insufficient funds fee of $15.
Applying for a Prosper Personal Loan
Requirements for a Prosper Personal Loan
640+ credit score Fewer than five credit bureau inquiries in the past six months Debt-to-income ratio of 50% or less At least three open trades reported on credit report No bankruptcy in last 12 months
The Prosper Loan Application
The Bottom Line
Frequently Asked Questions
About the Author