Person-to-Person Loans: Reducing the Corporate Middlemen

We hear it all the time: People love the peer-to-peer lending aspect of Prosper. It's an old idea made new again. And when you read our borrowers' stories, you realize how much of an impact you can positively have on other people's lives.

Person to person lending can give you a great feeling.

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Big banks: Are they right for you?

Sure, you can have your money sit in an account at the big banks, but where are they putting your funds? Will it be something that reflects your values? There's no way to know. And with many credit card rates climbing higher, the threat of predatory lending looms.

Further, what about your return when dealing with big banks? The corporate middlemen all take a cut for handling yourmoney, and that can greatly reduce your return. (Just take a look at Bankrate.com)

Peer-to-peer lending: Providing a better way

At Prosper, we like to think of ourselves as a facilitator to our financial community. It's an exciting way of expanding upon an old idea through the latest technology.

As an alternative to the usual asset-based lending by big banks, we offer our borrowers unsecured loans. To better help you, Prosper provides lenders with the right tools you need to make informed decisions. You're free to choose the direction your funds should go.

We also believe in full transparency, so we inform you that we take a small servicing fee from lenders, as explained here. There are no hidden fees.

Why not sign up with us and shift some funds away from the big bank trap?

What is Prosper?

Prosper is an online community where people come together for lending and borrowing money. Prosper's lenders can get great returns by bidding on borrowers' loans, and borrowers great rates as a result of the competitive bidding. And that means everybody does better. Together.