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Set your own loan rate at Prosper

Offered by: Prosper

19 comments | Comment on this offer

Details

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.

Comments

(19 Total Comments)

I currently have a -2.66% projected return over the full 3 year term of my loans made by lending through Prosper after about 15 months. Also, keep in mind that I am doing a LOT better than most people did."

brianguy at 10:41 am Jan 5

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."

moolamatador at 12:20 pm Oct 9

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

christoofar at 9:43 am Oct 24

All the loans that have defaulted for me were all A or AA. Everyone else seems to pay...what is up with that?"

cyberhalf at 1:15 am Dec 24

Good ole statistics.

CK Moderator

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

christoofar at 1:42 am Oct 9

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."

christoofar at 1:42 am Oct 9

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

micsupra1 at 5:48 pm Oct 8

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

christoofar at 9:44 am Oct 24

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

JDriscoll at 1:58 pm Sep 29

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."

frroberts at 5:12 pm Jun 29

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."

MJJunction at 3:46 pm May 9

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."

quantumslip at 5:50 pm May 1

I invested in average B+ better with my 29 loans made."

I agree with others that it doesn't matter the credit risk listed, I have a very high % of A and AA (between 60-80%) that defaulted on their loans and haven't paid back any of that. Further, the collection channels they've set up on Prosper are useless.

brianguy at 10:39 am Jan 5