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How Peer-to-Peer Lending Works

Prosper Loans Marketplace is America's largest peer-to-peer lending marketplace. Connecting people to people eliminates the need for borrowers to go through a bank for a loan—and fewer middlemen means lenders who invest their money on Prosper also benefit.

Looking to Invest?

Invest your money directly to people. You have access to each borrower's credit history and why they want the loan. Get started with as little as $50

Prosper Ratings help you to make informed decisions and portfolio plans help you to automate the bidding process. More >

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Banks and loan originators can now add liquidity to their business by posting their existing loans on the Prosper Marketplace for sale. You maintain the relationship with your client and service the loan, and Prosper distributes the repayments to lenders.

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Invest your money directly in people. Simply review their loan listing and credit history then place a bid with the minimum rate you want to earn. There are no hidden fees; Simple 1% annual loan servicing fee on Direct P2P borrower loans is already taken into account in the rate you bid.

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Loan sellers have the ability to sell loans through Prosper. These loans have already been underwritten. While the original borrowers could be in various stages of repayment, all loans have at least a three month repayment maturity. Open Market servicing fees vary by loan seller, and will be already taken into account in the rate you bid.

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Prosper offers three portfolio plan models (Balanced, Moderate, and Aggressive) to automate the bidding process. Or, if you prefer, you can create your own custom portfolio plan based on specific criteria.

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Need a Personal Loan?

Borrowers with good credit (640+) post a loan listing and lenders invest $50 or more each towards your loan. They can bid your rate down in our auction process.

So if you need a $9,000 loan and want to pay 12% interest, you may end up only paying 9%! More >

Get a Loan

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Prosper borrower loans are unsecured, three year, fixed rate personal loans ranging from $1,000 - $25,000. No prepayment penalties. No hidden fees.
If you finalize a loan, there's a one-time closing fee
of 3%.

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Set the maximum interest rate you're willing to pay. Tell your story in your online listing, and even include a personal photo if you’d like.

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Prosper lenders may bid down your interest rate in a 14-day auction. You decide whether or not to accept the loan. Loan funds are issued directly into your account.

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