When Prosper customer Madeline Lauro wanted to provide her daughter with her dream wedding, she was stuck. She didn’t have the money upfront to pay for the wedding cake, photography, DJ and other wedding expenses. Rather than putting a large purchase on her credit card, Madeline decided to use Prosper to apply for a loan. She was approved, and had her funds within a week.
Celebrating a major milestone like an engagement, wedding, birthday or anniversary can be both exciting and stressful when it comes to the cost. Increasingly, people are realizing that rather than borrow money through high-rate credit cards, there are options to take out loans at more competitive rates through peer-to-peer lending or what is now commonly called “marketplace lending.”
At Prosper, our mission is to advance people’s financial well being. We are inspired by customer stories like Madeline’s, where Prosper was able to provide access to a customer-friendly, affordable option. The process is easy, and borrowers typically receive loans within four to five days, instead of the typical 10 days it takes to get a traditional bank loan. Loans are also fixed rate, fixed term and there is no pre-payment penalty. To get started, visit www.prosper.com.
All loans made by WebBank, a Utah-chartered industrial Bank, member FDIC.