What is an instant transfer? 
When a transfer to Prosper meets certain requirements, funds are made available in a lender's Prosper account instantly, with no delay.
Requirements for instant transfer:
- Transfer amount must be between $500 and $10,000
- Sum of pending transfers must be <20% of lender's active loan value
- Your active loan value must be at least $2,500
For example, if you had an active loan value of $10,000, you could transfer between $500 and $2,000 to your Prosper account instantly. If you attempted to transfer $3,000 to Prosper, it would not qualify for instant transfer because the amount is more than 20% of your active loan value. Your $3,000 transfer would still continue, but would be subject to the standard 4-day waiting period.
How does installing Prosper's Facebook application speed things up?
When you install Prosper's Facebook application and link it to your Prosper account, we relax the requirements for allowing instant transfers as follows:
- Transfer amount must be between $50 and $20,000
- Sum of pending transfers must be <50% of lender's active loan value
- Your active loan value must be at least $100
Click here to install the Prosper Facebook application.
Are scheduled and recurring transfers eligible for instant transfer?
Yes, scheduled (in the future) and recurring (weekly or monthly) transfers are eligible for instant transfer. When each transfer starts, it will be evaluated against the requirements above to determine if it will be eligible for instant transfer.
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