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!

Advertisement

by Aline Augusto

Published on 11/10/2021

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.

card

Personal Loans

Prosper

Online Loan

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

See an ad to be redirected to another website

Advertisement

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 https://www.prosper.com/personal-loans 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

Trending Topics

content

Abra Crypto Wallet application: trade the most popular crypto

Do you want to start trading crypto? The Abra Wallet can be the best way to start! So, read on our Abra Crypto Wallet application post!

Keep Reading
content

Credit One Bank® Platinum Rewards Visa with No Annual Fee credit card full review

Credit One Bank® Platinum Rewards Visa with No Annual Fee offers 2% cash back, a great mobile app, and more! Check out the review.

Keep Reading
content

PenFed Gold Visa® card review

Do you need a card with no annual fee and low APR for purchases? Read our PenFed Gold Visa® card review and learn all about this PenFed card!

Keep Reading

You may also like

content

A major drop and stablecoin collapse cause a wild week among cryptocurrencies

Take a closer look at the volatility in the cryptocurrency market this week, with bitcoin and a stablecoin both taking big hits. Read on to learn more!

Keep Reading
content

Upgrade Bitcoin Rewards Visa® review: is it legit and worth it?

Get into the cryptocurrencies market with the help of Upgrade Bitcoin Rewards Visa®. You'll get Bitcoins in every purchase. Check this review to learn more!

Keep Reading
content

How to apply and get verified on the Buy On Trust Lending easily

Don't let your limited credit history stand in the way of getting the products you want. Apply for a Buy On Trust Lending account and get your hands on big-ticket items from major brand names!

Keep Reading