See All Karma Offers

Karma Offers

Set your own loan rate at Prosper

16 comments

Offered by:
Prosper
See all offers from Prosper

Related Offers:

Join Prosper.com and get a low rate personal loan with no middlemen, no hidden fees, and fixed monthly payments. Great credit borrowers can use the loan for personal use, education, debt consolidation, vehicles, green initiatives, and more.

Borrow money with Prosper.com:

Credit score of at least 640
3-year, fully amortized, unsecured loans from $1,000 to $25,000
No pre-payment penalties

Prosper.com is the largest peer-to-peer lending marketplace providing an online destination for borrowing and investing. So far, $178,000,000 in loans have been funded and membership base of 840,000 strong keeps growing. Borrow, earn, and help each other through the power of peer-to-peer lending.

Become a financial hero today.

Comment on Offer Receive Comment Email Alerts Send to a Friend Print Offer

USER COMMENTS(16)

moolamatador
Oct 9
12:20 pm

I have had a great experience on Prosper both as a borrower and lender. The idea of someone not paying you back always provides a little heartburn, but if you make enough loans at the appropriate rates you are well insulated from this risk.

christoofar
Oct 24
9:43 am

All of my loans that were rated AA defaulted except for 1.

christoofar
Oct 9
1:42 am

Go to PROSPERS.ORG if you want to read more about Prosper.

christoofar
Oct 9
1:42 am

My return on Prosper is now -7%.

I had FIVE loans on Prosper with AA-rated borrowers default on me, but some of my riskier loans are still paying. Unfortunately the AA loans were duds and I caught several borrowers outright lying on their applications.

Prosper does not verify anything.

micsupra1
Oct 8
5:48 pm

I love prosper. I borrowed $ 3000 from 120 people. I plan to paying back the money to the people.

christoofar
Oct 24
9:44 am

You "plan" on paying it back? That's good news.

JDriscoll
Sep 29
1:58 pm

Over 3 years I lost $2700 on My investment of $18,000.

frroberts
Jun 29
5:12 pm

Have about 20 loans through them. 1 defaulted ($50.00). Rest have all paid on time. I agree with the above posting about investing in A rated borrowers or better.

MJJunction
May 9
3:46 pm

I love Prosper. I feel good about helping other people and making money.

If you haven't done social investing before, Propser is the place to start...great tools and support.

quantumslip
May 1
5:50 pm

from what I've seen, the people who are mad have only themselves to blame, as they invested in way too many high risk loans. you gotta spread your risk, otherwise you're going to end up like the banks with their subprime loans.

Chung
Apr 16
1:40 pm

The risk of losing money is higher than investing on the stock market, since you can do nothing if someone just don't want to return your money.

doublee
Apr 14
10:16 am

I have lent money to borrowers on prosper and have not had any issues. I tend to lend money to the groups, I think that there is more accountability in those lenders. I also only lend to "A" or higher borrowers. At least then I know that they "could" get a traditional loan, but due to the market conditions, they decided to try prosper.

I tend to look at this as investing small amounts that I'm willing to play around with, as the other option would be to have this money sit in a 2-3% savings account, instead of potentially earning 9% with prosper.