Connect with us

Hi, what are you looking for?

Investor Center

Prosper Announces Pricing Change – 10/25/2016

pricing change - 10/25/2016

Today we announce a pricing change – 10/25/2016, the rates offered to borrowers through the Prosper platform are being modified. The changes are a direct result of the forward looking credit market, interest rate expectations, the US credit environment and the competitive environment in US consumer unsecured lending.

Over the course of the last 12 months, rates through the Prosper platform have been raised twice and Prosper has made conservative adjustments to its loss expectations. These rate changes underscore our commitment to operating a marketplace that balances the economic incentives for both our borrower and investor communities.

Pricing Change – 10/25/2016 – Impact Simulation

The table below summarizes the simulated impact of the rate decrease compared to the portfolio originated through the Prosper platform in September 2016.

Borrowers in the AA-C rating grades will generally see rates that are lower. Borrowers in the D-HR rating grades will see higher rates. While the exact portfolio composition going forward will be a result of future marketing mix and borrower reaction to the pricing change, we believe this is a fair representation of the potential impact of the changes to borrowers and investors.  As one can see, higher quality borrowers will begin seeing lower rate offers while higher risk borrowers will begin seeing higher interest rate offers.

pricing change - 10/25/2016


As with past rate changes, this recent move underscores our fundamental desire to maintain a balanced, sustainable marketplace that is equally appealing to borrowers and investors alike.

Read more:

Join our mailing list


Building Credit

Looking to boost your credit score? Credit scores can seem mysterious and overwhelming, but they don’t have to be. It’s easy to learn the...

Investor Center

Today we are sharing performance data from the Prosper Portfolio for October 2021. Highlights from the report include: Performance Update In October, approximately 63%...

Financial Literacy

Loan origination fees are a commonly misunderstood type of fee associated with mortgages and other types of loans. Many borrowers don’t understand what the...

Best Practices

How do car loans work? The logistics of buying a car can be a daunting task, but paying for it doesn’t have to be....

Credit Score Information

The first step toward improving your credit is improving your credit knowledge. We’ve put together this fun, five-minute quiz to test your credit know-how....

Best Practices

No one wants to think about end-of-life documents or the transition these documents represent. We don’t want to anticipate sorting through a loved one’s...

You May Also Like

Credit Management

Unemployed and looking for ways to borrow money? We’ll reveal what options you have when it comes to accessing emergency loans with no job.

Best Practices

Even before COVID, expensive healthcare costs had many Americans wondering what happens if you don’t pay medical bills. If you’re struggling with medical bill...

Finance for Homeowners

Taking out a HELOC to pay off your mortgage is a common practice among many homeowners today. Read more to find out the pros...

Financial Literacy

As you explore different financial borrowing options, you may find yourself asking, “What is a personal loan?” For more than a decade now, personal...