Bid on Loan Listings

What do I need to do before I can start bidding?

To bid on loan listings, you must be a member of Prosper. Join Prosper now.

You must also complete your Lender Account Setup. Become a lender now.

Because placing a bid requires the bid amount to be available from your Prosper account, you must first transfer funds to Prosper before you can start bidding.

Once you have completed all of the above steps, just before you leap to lending, you should read about the ins and outs of finding listings. Only once you are informed about how it works do we recommend that you click the "Bid on Loans" tab to begin finding listings and placing bids.

How do I bid on listings?

There are two ways to place bids:

Place a manual bid: Place bids one at a time by visiting each listing, reviewing the details, and clicking the "Place bid" button. You will enter the amount and rate of your bid, and the bid will be placed. Learn about manual bidding.
Use portfolio plans: Portfolio plans are automatic bidding tools that let you specify what kinds of listings to bid on, and how much to bid. Portfolio plans will help you place bids much more quickly, allowing you to easily diversify your portfolio of loans. Learn about portfolio plans.

How are winning bids determined?

Once there are enough bids to fund a loan, the interest rate is determined by the number of lenders bidding and the rates they've bid. Learn how to read the bid history.

I placed my bid. What's next?

Place your best bid and then just wait for the listing to end. Learn about being outbid and waiting for the bidding to end.

Lending help

Getting started

Understanding listings

Finding listings

Bidding on listings

Listings become loans

Managing your loans

Delinquencies and defaults

Statements and taxes

Lending tutorials

Other resources

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