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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 $25

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

Choose from Three Investment Options:
Portfolio Plans Direct P2P Listings Trade Your Notes

Are You an Institutional Lender?

Prosper's technology platform provides an exciting opportunity for asset managers, hedge funds, family offices and other institutions interested in earning a competitive return through peer-to-peer lending.

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Direct P2P Listing

Direct Peer-to-Peer Listing

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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Portfolio Plans

Portfolio Plans

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.

More information >

Trade Your Notes

Trade Your Notes

Increase liquidity by selling some of your Notes or purchase quality Notes you missed out on the first time from other Prosper lenders. Invest in notes with historical payment history information or fewer payments remaining than in new loans.

Trade Notes >

Need a Personal Loan?

Borrowers with good credit (640+) post a loan listing and lenders invest $25 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 >

Borrow: people bid
You set the amount you want You set the rate you want to pay Watch lenders bid your rate down

Interested in a Business Partnership?

Prosper is always looking for new ways to revolutionize how individuals and companies get and invest in loans. We offer business opportunities across a broad spectrum of sectors including lending, referral services, and affiliate programs. Do you have a business development inquiry?

More information >

Your Listing

Set the Amount You Want

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 as low as 0.5% for AA listings or 3%, with a $50 minimum, for other listings.

Get a Loan >

Pick your rate

Set the Rate You Want to Pay

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.

Get a Loan >

Bidding in auction

Watch Lenders Bid Rate Down

Prosper lenders may bid down your interest rate in a 7-day auction. You can change your mind at any time. Loan funds are issued directly into your account.

Get a Loan >

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