Your borrower statement is a snapshot in time of your borrowing activity on Prosper. The statement is created about five days after your monthly loan payment date, and is made available on the "My Account > Statements" page. If you pay off one loan and get a new one, each loan will generate a separate statement.
Your statement is divided into three primary areas:
Loan summary: A summary of your loan with Prosper, detailing balances and interest rates.
Payment summary: A simple overview of the prior and upcoming payments on your loan. If your payment is past due, it will be indicated in this area of the statement.
Account activity: A detailed list of accrual and payment events on your loan for the current statement period.
Loan summary
The loan summary is a summary of your loan with Prosper, detailing balances and interest rates.
Specific fields include:
Loan title: The title of the listing that was funded to create the loan.
Loan no.: The Prosper loan number for the loan.
Product: The terms (length and rate style) of the loan.
Original loan amount: The original principal balance of the loan, including closing fees.
Principal balance: The current principal balance of the loan.
Interest rate: The annual rate of interest for the loan. Includes group leader rewards if applicable.
APR: The Annual Percentage Rate (APR) is an expression of the effective interest rate that will be paid on a loan. It is different from the borrower rate (or "note rate") because it includes one-time fees in an attempt to calculate a total cost of borrowing money. Learn more about APR.
Daily rate: The interest rate expressed as a daily percentage rate, assuming a 365-day year.
Interest accrued this period: The amount of interest accrued on the loan during the current statement period.
Sample loan summary:
Payment summary
The payment summary is a simple overview of the prior and upcoming payments on your loan. If your payment is past due, it will be indicated in this area of the statement.
Specific fields include:
Last payment: The amount, date, and status of the last payment. If your payment is late, you will be instructed to make a manual payment immediately. Learn more about what happens if you're late on a monthly payment.
Next payment: The amount and date of your next scheduled monthly payment. You can make a manual payment at any time.
Sample payment summary:
Account activity
The account activity table is a detailed list of accrual and payment events on your loan for the current statement period.
Specific fields include:
Date: The date of each event.
Reference no.: The Prosper reference number for each event. When contacting customer support about a specific loan event, use this reference number.
Description: A description of the event. Descriptions may include:
Starting balance: The principal balance at the beginning of the current statement period.
Failed payment fee: A fee assessed to your balance for a failed monthly or manual payment attempt. Failed payment fees are paid to Prosper.
Late payment fee: A fee assessed to your balance for failure to make a monthly payment within 15 days of the payment due date. Late payment fees are distributed to lenders.
Automatic payment: A monthly payment which has been automatically withdrawn from your primary bank account on file.
Manual payment: An off-cycle monthly payment which you have initiated from Prosper.
Principal payment: An off-cycle payment of loan principal which you have initiated from Prosper.
Closing balance: The principal balance at the end of the current statement period.
Fees: Fees assessed to your balance for failed automatic payments or other delinquent activity.
Fees paid: Failed payment and late payment fees paid.
Interest paid: Interest paid on loan principal.
Principal paid: Loan principal paid.
Total paid: Total of fees, interest, and principal paid.
Principal balance: Resulting principal balance after event.
