Friends and Family Loans

The loan you need with help from friends and family

At Prosper, we make borrowing from friends and family worry free. We understand that applying for a personal loan from a bank can be a difficult chore. By joining Prosper, you can create a listing to request a loan and invite your friends and family to join as lenders and assist you by bidding on your listing. You get the money you need and we manage all of the details. Your payments can be automatically deducted from your bank account every month (at no additional charge). Best of all, there are no pre-payment penalties and no hidden fees.

All Prosper loan transactions are entirely online, so you can securely check the progress of your loan anywhere you can access the Internet.

Use Prosper for friends & family borrowing without the awkwardness

Prosper is the perfect forum for family members who want to do a loan. There's no cost to post a listing and no cost to bid, so the family member who would otherwise want to make a loan to a relative can join Prosper as a lender, and bid on a loan listing created by the family member that needs money. If the loan is to be repaid with interest, the bidding among lenders in the Prosper community could even drive down the borrower's interest rate. In most states, you can borrow up to $25,000.

Often, loans among friends or relatives can lead to awkward situations as payment deadlines can be missed due to miscommunication. Prosper can help eliminate any uncomfortable conversations as your friends and family can check the status of repayments anytime on the Prosper site. Meanwhile, you can sit back and relax while the fixed monthly payments are automatically distributed back to your loved ones.

Use your friends and family loan however you like

• Consolidate debt
• Buy a new car
• Fix up your home
• Vacations, gifts and more
• Engagement rings and weddings

When you have great friends and family, you shouldn't have to struggle through all the hoops of the old way of borrowing.

Apply now. It's fast, easy and free. The Prosper community is here to help people just like you.

What is Prosper?

Prosper is an online community where people come together for lending and borrowing money. By bidding for loans, lenders can get great returns and borrowers can get great rates—and that helps everybody.

Get a Friends & Family Loan