| Performance metric |
Definition |
| Average lender rate |
The dollar-weighted average lender rate on all loans in the currently selected portfolio. |
| Net defaults |
Unpaid principal and collection fees minus proceeds from executed debt sales. |
| Adjustment (interest and fees) |
Uncollected interest on defaulted loans minus paid late fees. Learn more about late fees. |
| Prosper servicing fee |
Prosper's annual lender servicing fee. The lender servicing fee is 0% per annum for AA credit grade borrowers, and 1% per annum for A-HR credit grade borrowers. See the history of Prosper fee changes. |
| Average annual return |
The estimated average annual rate of return for loans in the currently selected portfolio. |
| Performance metric |
Volume ($) definition |
Unit (#) definition |
| Loans originated |
Initial loan amount of total loans made |
Total number of loans made |
| Active, not yet billed |
Initial loan amount of loans which are active (not paid off and not in default) but have not yet been billed. These loans are not yet one month from origination. |
Number of loans which are active but have not yet been billed. |
| Active, billed, <1 month late |
Initial loan amount of loans which are active (not paid off and not in default), have been billed at least once, and are less than one month late. |
Number of loans which are active, have been billed at least once, and are less than one month late. |
| Active, billed, 1+ months late |
Initial loan amount of loans which are active (not paid off and not in default), have been billed at least once, and are at least one month late. |
Number of loans which are active, have been billed at least once, and are at least one month late. |
| Paid in full |
Initial loan amount of loans which have been paid off in full. |
Number of loans which have been paid off in full. |
| Defaults |
Initial loan amount of loans which have defaulted and been charged-off. |
Number of loans which have defaulted and been charged off. |
| Net defaults |
Net loss (after sale of debt) of loans in default. When loans go to default and are charged off, they are also sold to a debt buyer, who may pay a fraction of the loan's value to the lenders involved. |
(not applicable) |
| Performance metric |
Volume ($) definition |
Unit (#) definition |
| Loans active, billed |
Current principal balance of loans which are active (not paid off and not in default) and have been billed at least once. Loans are billed one month after origination. |
Number of loans which are active and have been billed at least once |
| Current |
Current principal balance of loans which are active, billed, and less than 16 days past due. Loans are not considered late until they are more than 15 days past due.
| Number of loans which are active, billed, and less than 16 days past due.
|
| Late (16-30 days) |
Current principal balance of loans which are active, billed, and 16-30 days past due |
Number of loans which are active, billed, and 16-30 days past due |
| 1-3 months late |
Current principal balance of loans which are active, billed, and between 1 and 4 months past due |
Number of loans which are active, billed, and between 1 and 4 months past due |
| 1 month late |
Current principal balance of loans which are active, billed, and between 1 and 2 months past due |
Number of loans which are active, billed, and between 1 and 2 months past due |
| 2 months late |
Current principal balance of loans which are active, billed, and between 2 and 3 months past due |
Number of loans which are active, billed, and between 2 and 3 months past due |
| 3 months late |
Current principal balance of loans which are active, billed, and between 3 and 4 months past due |
Number of loans which are active, billed, and between 3 and 4 months past due |
| 4+ months late |
Current principal balance of loans which are active, billed, and 4 or more months past due |
Number of loans which are active, billed, and 4 or more months past due |
