They do take 5% off the top so instead of $10000. only $9500. was put in my account which I didn't know until after I was approved.
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With most loans, you can pay the balance of your prinipal owed if you are able to come up with the cash all at once. For example if you owed around 11k and had about 45 payments left, then you could pay about 8 or 9k and the loan is paid off. Prosper does not allow this and you would still owe 11k, meaning there is no benefit to paying early other than total payments that you owe on the back end would would drop by your cash infusion but you still pay interest as if you borrowed the money for the full term. Go look at Lending Club or others becuase there are much better options!
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