Lend money to other people and earn interest
Lending money directly to people is a great way to earn a fair return. Prosper provides a lot of credit, employment, and income data, and lets you choose exactly who you want to lend to.
Become a Lender
About Lending on Prosper
- Browse listings or choose a portfolio plan
Browse through the marketplace of loan listings to find attractive borrower listings and good rates. Be sure to check the borrower’s credit grade and history.
- Bid on the loan
Choose the amount and rate you are willing to lend.
- You win!
Bids with the lowest rates are combined into a single loan to the borrower.
Isn't this risky? What if a borrower defaults?
When you make lots of small loans rather than one or two big ones, you spread your risk out and ensure a more reliable return. It's called diversification and the pros do it every day. On Prosper, you can bid as little as $50 on each loan. Spreading money across more people means less risk and a better return.
If a borrower doesn’t pay, we ding his credit score and assign a collection agency. Worst case, if the borrower defaults, his credit rating will fall and you will receive the proceeds of the loan’s sale to a debt buyer.
What is Prosper?
Prosper is an online community where people come together for lending and borrowing money. By bidding on loans, lenders get great returns by offering borrowers great rates-and that helps everybody.
Although we refer to you and other individuals as "lenders", the loans are being made by Prosper and then sold to you, making you a loan purchaser. The term "lender" is used through the site for the sake of simplicity.
