Loans (US)

How to apply for the Prosper Personal Loans?

Thinking about making some home improvements or borrowing money to cover medical expenses? Then, learn how to apply for a personal loan at Prosper!

Apply now for a personal loan at Prosper

See how to apply online to get a personal loan. Source: Prosper Marketplace.
See how to apply online to get a personal loan. Source: Prosper Marketplace.

Prosper Personal Loans are available for small amounts of loans in short terms. Although the fees and rates aren’t the most competitive on the market, you can apply for it even with a fair credit score.

So, if you need money to pay off debts or purchase a vehicle, this loan might be the one for you.


Personal Loans


Online Loan

Hardship program, flexible payment date, no early payoff penalty.

You will be redirected to another website

Apply online

Find out how the application process to get a personal loan works! Source: Pexels.
Find out how the application process to get a personal loan works! Source: Pexels.

Access Prosper’s website at and click on Check Your Rate. This won’t harm your credit.

Then, share the information required, and Prosper will check what interest rate you qualify better for. 

After that, choose your loan by reviewing offers. Finally, get your funds through direct deposit.

Apply using the app

Not available for borrowers, only investors.

Where to get the best deal in loans: Prosper and Universal Credit Personal Loans comparison

If you need a loan to purchase something or pay off a debt, check out the comparison chart below to check which fits better in your profile.

Prosper Universal Credit
AprFrom 7.95% to 35.99%From 8.93 to 35.43%
Loan PurposeCredit card & debt consolidation home improvements Large purchases, like vehicle medical & dental expensesDebt consolidation home improvement personal expenses 
Loan AmountsFrom $2,000 to $40,000From $1,000 to $50,000
Credit NeededAt least a fair credit scoreAt least a bad credit score
TermsFrom 3 to 5 yearsFrom 3 to 5 years
Origination FeeFrom 2.4% to 5%From 4.2% to 8%
Late Fee5% or $15, whichever is greaterN/A
Early Payoff PenaltyNoneNone

How to apply for Universal Credit personal loans?

Do you need a loan to pay off debt, make home upgrades, or pay for other expenses? Read more to know how to apply for a Universal Credit loan!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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