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

Summary

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

Latest

Budgeting

Budgeting can seem like an afterthought in today’s digital world. Thanks to mobile banking and the internet, there’s no need for most people to...

High gas prices prompting discussion on budgeting High gas prices prompting discussion on budgeting

Best Practices

The new year is a perfect time to get your finances in order. Check out our top tips on how to manage your money...

Consumer Financial Protection Bureau staff look at new consumer protections Consumer Financial Protection Bureau staff look at new consumer protections

Financial Wellness

What comes to mind when you hear the words “Consumer Financial Protection Bureau”? It’s pretty straightforward that it’s an official government agency, but beyond...

Quarterly Investor Update Quarterly Investor Update

Investor Center

Strong credit performance driven by emphasis on disciplined risk management and long-term sustainability

Investor Center

Today we are sharing performance data from the Prosper Portfolio for May 2022. Highlights from the Prosper Performance Update – May 2022: Performance Update...

Investor Center

Today we are sharing performance data from the Prosper Portfolio for April 2022. Highlights from the Prosper Performance Update – April 2022: Performance Update...

You May Also Like