Interest and APR Information

When you’re shopping for a personal loan, the first thing you’ll likely want to know is what the interest rate will be. Interest rates don’t tell you everything you need to know, because interest rates alone don’t take into account any fees you may be charged during the life of your loan, such as the origination fee.

At Prosper Marketplace, we’re dedicated to helping people achieve financial well-being, so we wanted to understand how consumers feel about fed rate hikes. We surveyed more than 500 Americans about the rate increase and found that nearly half of respondents didn’t know that rates had gone up. In other words, our survey suggests many Americans […]