If you have received the offer letter from Prosper that has a personal offer or confirmation code, and that means you’re already pre-approved for a personal loan. Now go to www.myprospercash.com and enter your personal offer code, enter amount between $2000 and $35000, then click Continue to continue to complete the personal loan process.
Loans from Prosper comes with a fixed APR as low as 5.99%, comes with no hidden or prepayment penalties, and checking a rate will not effect a credit rating. Although the max amount that can be funded online is $35,000 higher amount may be available for those who contact Prosper via the toll free number.
Annual percentage rates through Prosper range from 5.99% to 35.99% for first-time borrowers, with the lowest rates for the most creditworthy borrowers. For example a three-year $10,000 loan with a Prosper Rating of AA would have an interest rate of 5.32% and a 1% origination fee for an APR of 5.99% APR. You would receive $9,900 and make 36 scheduled monthly payments of $302.
In order to apply for a personal loan from Avant, you must meet the following conditions:
- A United States citizen or permanent resident, or living in the U.S. on a valid, long-term visa
- At least 18 years old
- The holder of a verifiable bank account
Prosper Funding LLC is America’s first marketplace lending platform, is a wholly-owned subsidiary of Prosper Marketplace, Inc. with over $10 billion in funded loans.
Prosper allows people to invest in each other in a way that is financially and socially rewarding. On Prosper, borrowers list loan requests between $2,000 and $35,000 and individual investors invest as little as $25 in each loan listing they select. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors.