Personal Loans with Great Rates

Prosper's Personal Loan Marketplace is Easy to Use

If you have good credit, you're a perfect candidate for finding a personal loan through Prosper's loan market . We connect you with investors and help you get low fixed rates without any of the hidden fees and red tape associated with other types of loans. Signing up is quick and easy, and you'll be able to tell potential lenders why they should invest in your loan. And of course, we always keep your personal loan information secure and anonymous..

It's Simple to Apply for a Personal Loan:

1. Give us some basic information about yourself.
2. Check your rates and review your loan options.
3. Once lenders invest in your loan, money is deposited directly into your bank account.

That's it! Your monthly loan payments are fixed and will be automatically deducted from your bank account. There are no hidden fees or prepayment penalties, and your loan’s interest rate will never change.

Loans Through Prosper are Unsecured - No Collateral Required

Looking for a loan to consolidate debt? Start a small business? Remodel your kitchen? But find you lack the property or other collateral that some banks might require for such loans? Good news: All Prosper's social lending loans are unsecured—which means collateral is not required. You don't need to put up your home or car to get a loan. You qualify for a loan through Prosper based on your credit history.

You Can Use Your Loan for Almost Any Purpose

You're free to use the cash from your Prosper personal loan in a wide variety of ways to enhance your life or business, such as:

• Debt Consolidation Loans - Free yourself from credit card debt
• Home Improvement Loans - Remodel your kitchen or bathroom
• Personal Loans for Business Use - Grow or start your small business
• Auto & Vehicle Loans - Get a new or used car, truck or motorcycle
• Short Term & Bridge Loans - With no prepayment penalties
• Green Loans - Financing for environmentally friendly projects
• See all Prosper Loan Types

Does my credit score affect my loan?

Yes. Most lenders will look at your credit history, and Prosper lenders are no exception. If you are sure you have bad credit, you may want to consider improving it before you apply. If you are not sure of your credit score, we can help you find out now, for free, with no obligation.

The Prosper community does not require "perfect credit." If you have an average to an above average credit rating, one way to expedite your loan funding is to ask another Prosper member (especially a lender) to endorse you. Don’t know any other Prosper members personally? Invite a friend to join.

What can I do to get my loan faster?

Simply submit all required information and documents promptly. As we process your loan application, we'll email you with any additional information you need to provide. You can track your loan application process through our Verification Stage system which indicates how far along we are in verifying the information you submitted, in order to process your application. You can improve your Verification Stage—and complete your loan application faster—by submitting information as soon as possible when requested. Learn more about Prosper's loan verification process.