My Karma Offers

Earn 3X more on your money. With higher interest rates than Savings or CD accounts, Prosper is America's first people-to-people lending marketplace.

Overview

Prosper, America's first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone.

The way Prosper works is intuitive to people who have used an online auction. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform.

People who want to lend set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. People who lend can easily diversify using "standing orders", which automatically make many small loans to different borrowers.

Disclosures

Rate of return shown is the average annual return on Prosper loans originated between 7/1/06 and 10/30/07 to borrowers with AA credit grades who requested automatic funding, have 0-1 current delinquencies and 0 inquiries in the last 6 months on their credit record, as of 11/30/07. For more information, go to Prosper.