How Peer-to-Peer Lending and Investing Works - Prosper
Join Now

Peer-to-Peer Lending Means Everyone Prospers

Prosper is a market leader in peer-to-peer lending—a popular alternative to traditional loans and investing options. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!

How It Works: Diversify

Here's how it works:

  • Borrowers choose a loan amount, purpose and post a loan listing.
  • Investors view loan listings and invest in listings that meet their criteria.
  • Once the process is complete, borrowers make fixed monthly payments and investors receive a portion of those payments directly to their Prosper account.

Investors Get Better Returns

  1. Set your investment criteria
  2. Invest in loans
  3. Get borrower payments deposited directly to your Prosper account
  4. Enjoy great returns!
9.09
%
Invest Now

Borrowers Get Better Rates

  1. Provide basic application information
  2. Post your customized loan listing
  3. Watch Prosper investors invest in your loan
  4. Get your money!
6.38
%
FOR AA LOANS**
FIXED RATES FROM
6.38% to 35.36% APR
Get Rate

We Protect Your Privacy

Whether you're a borrower or an investor, protecting your privacy is our paramount concern. While we encourage borrowers to tell potential investors why they are looking for a loan, your actual identity is never revealed. And for investors, we offer an ID Theft Guarantee to protect you against fraudulent borrowers.

You are protected when you borrow or invest with Prosper.*** Read our privacy policy.

Prosper, Prosper.com, and the Prosper logo are registered trademarks or service marks of Prosper Funding LLC. Copyright © 2005-2013 Prosper Funding LLC. All rights reserved.

As of February 1, 2013, the Prosper marketplace was transferred by Prosper Marketplace, Inc. to Prosper Funding LLC, a wholly-owned subsidiary of Prosper Marketplace, Inc. From and after February 1, 2013 Prosper Funding LLC is the sole obligor of Notes offered and secured by loans made through the Prosper marketplace, including Notes originally issued by Prosper Marketplace, Inc. prior to such transfer. Prosper Marketplace, Inc. continues to provide services to Prosper Funding LLC relating to loan and Note servicing, and may interact with borrowers and investors in relation thereto as agent of Prosper Funding LLC. Except where otherwise noted, throughout this website "Prosper" refers to Prosper Funding LLC including acting directly or through its agents.

All personal loans are made by WebBank, a Utah-chartered Industrial Bank, Member FDIC. All Prosper personal loans are unsecured, fully amortized personal loans.

Notes offered by Prospectus. Notes investors receive are dependent for payment on personal loans to borrowers. Not FDIC-insured; Investments may lose value; No Prosper or bank guarantee. Prosper does not verify all information provided by borrowers in listings. Investors should review the prospectus before investing.

Seasoned Return calculations represent historical performance data for the Borrower Payment Dependent Notes ("Notes") issued and sold by Prosper since July 15, 2009. To be included in the calculations, Notes must be associated with a borrower loan originated more than 10 months ago; this calculation uses loans originated through March 31, 2013. Our research shows that Prosper Note returns historically have shown increased stability after they've reached ten months of age. For that reason, we provide "Seasoned Returns", defined as the Return for Notes aged 10 months or more.

To calculate the Return, all payments received on borrower loans, net of principal repayment, credit losses, and servicing costs for such loans, are aggregated and then divided by the average daily amount of aggregate outstanding principal. To annualize this cumulative return, it is divided by the dollar-weighted average age of the loans in days and then multiplied by 365.

All calculations were made as of March 31, 2013. Seasoned Return is not necessarily indicative of the future performance on any Notes.

Based on one year personal loans made to first time borrowers with an AA Prosper Rating. To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions. APRs by Prosper Rating range from 6.38% (AA) to 35.36% (HR) for first time borrowers. Repeat borrowers may qualify for discounted rates. Rate offered is based on Prosper Rating and other factors, and your actual rate may differ. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, a Utah-chartered Industrial Bank.

** Based on one year personal loans made to first time borrowers with an AA Prosper Rating. To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions. APRs by Prosper Rating range from 6.38% (AA) to 35.36% (HR) for first time borrowers. Repeat borrowers may qualify for discounted rates. Rate offered is based on Prosper Rating and other factors, and your actual rate may differ. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, a Utah-chartered Industrial Bank.

*** Prosper borrowers are responsible for making sure that their online descriptions do not reveal their identity.