Bidding on Loan Listings

Bob bids $1,000 @ 9.00%

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Before the listing is fully funded, lenders can bid at or below the borrower's specified rate. Also note that Bob's actual bid rate (9.00%) is not actually displayed to the public. The system will bid down to Bob's minimum rate only if needed.

Note: Bid amounts used in this tutorial are larger than average for illustration purposes only. Prosper encourages lenders to make much smaller bids per loan.

Listing details

Amount requested:	$3,000
Amount funded:	$1,000
Lender rate:	10.00%
Maximum bid rate:	10.00%

Bid History

Legend: Winning

= Winning

= Partially winning Outbid

= Outbid

Bidder (bid order)	Current rate	(not displayed) Actual bid rate	Amout bid	Winning	Status
Bob (1)	10.00%	9.00%	$1,000	$1,000
Starting rate	10.00%

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