Connect with us

Hi, what are you looking for?

Investor Center

Prosper Announces Pricing Changes – 03/01/2017

Pricing changes - 03/01/2017

Pricing Changes – 03/01/2017 – Prosper will be updating rates offered to people who borrow through the Prosper platform as of March 2nd. This update will impact AA, A and B rated loans, with an increase in pricing of approximately 60bps, 50bps, and 20bps, respectively. Additionally, HR rated loan rates will decrease by 10bps, which is driven by the desire to remain below 35.9% APR.

Over the past year Prosper has made a handful of conservative pricing adjustments to maintain a balanced, sustainable marketplace that benefits both our borrowers and investors. These pricing 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.

Pricing Changes – 03/01/2017 – Estimated Impact

The below breakdown of the estimated impact and a chart that highlights the new base loss grid.

  • Coupons and IRRs in the AA-B regions of the portfolio will be higher
  • AA-B originations as % total portfolio expected to increase as a result of modest downward loss adjustment on selected high-quality borrower populations
  • Platform AA-HR portfolio borrower rate expected to decrease by ~ 7bps
  • Platform AA-HR portfolio loss expectation expected to decrease by ~ 9bps
  • Portfolio IRR expected to increase by 2bps vs. estimated portfolio return of 7.86% for January 2017 monthly vintage
Pricing changes - 03/01/2017

Read more:

Join our mailing list

Latest

July-Investor-Update-600x337.png

Investor Center

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

personal loans and credit score personal loans and credit score

Credit Score Information

Do you have questions about personal loans and your credit score? Prosper will help break down some of the important details.

July-14-update-600x337.png July-14-update-100x100.png

Performance Updates

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

interest rate vs apr interest rate vs apr

Financial Wellness

“Did you get a good interest rate?” When applying for a personal loan, that’s the first thing everyone wants to know. The second: what...

The Statue of Liberty representing the history of the battle against financial discrimination The Statue of Liberty representing the history of the battle against financial discrimination

Prosper Blog

“Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the h