Sign and Fund Your Loan

How do I sign and fund my loan?

Once your listing has ended and gone through listing review, you will receive an email from Prosper indicating that your loan is ready to be signed and funded. Just click on the link in the email within 7 days, sign the promissory notes online as instructed, and your loan proceeds will be disbursed into your designated account. Learn more about loan disbursement.

Please note that you must sign for your loan within 7 days after your loan clears listing review. If you do not sign for the loan within 7 days, the loan will be cancelled and you will not receive any loan proceeds.

What happens when I sign for my loan?

When you click "Sign for My Loan" from the email or the web site, you will be able to review the final Truth in Lending Disclosure statement for your loan, confirm the bank account into which the loan proceeds will be deposited, and electronically sign each of the promissory notes that will be created for your loan.

If the bank account on file is incorrect, please contact customer support to make corrections.

What if I don't want to receive the loan?

If you do not want to receive the loan for any reason, you may cancel it from the email or from the Prosper web site. Just click "Cancel loan", and the loan will be cancelled. Keep in mind that if you cancel your loan, you will not receive any loan proceeds.

What if I wait too long to sign for my loan?

If you do not sign for your loan within 7 days, the loan will be cancelled and you will not receive any loan proceeds. Don’t worry – we will send you a friendly reminder about your loan every day until the 7 day period has expired.

Borrowing help

Getting started

Manage your listing

Listings become loans

Manage your loan

Late payments and default

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