SAN FRANCISCO, July 7, 2026 — Prosper Marketplace, a fintech pioneer providing access to affordable financial solutions to consumers across the credit spectrum, today announced an expansion of the personal loan* repayment terms available to borrowers, now up to six years (72 months). This enhancement gives customers even greater flexibility to find a monthly payment that fits their budget, with term options of 2, 3, 4, 5, or 6 years.
With the decision to offer personal loans through Prosper repayable over six years, Prosper hopes to offer access to meaningful financial breathing room to borrowers in light of the current economic environment. By spreading repayment over 72 months, borrowers benefit from lower monthly payments, improved cash flow, and reduced financial stress.
“We’re committed to meeting borrowers where they are,” said David Kimball, CEO of Prosper Marketplace. “Extending loan terms to six years is about giving people real options and the flexibility to choose a repayment schedule that works for their lives today, without sacrificing their financial goals for tomorrow.”
Prosper has seen firsthand how borrowers’ needs are evolving. The average loan size on the platform has grown by 33% over the past four years, a signal that consumers are taking on larger financial commitments and need repayment structures to match. With inflation continuing to pressure household budgets, demand for longer-term loan options has grown roughly 20% year-over-year, reinforcing the decision to expand term options through Prosper’s platform.
About Prosper
Founded in 2005, Prosper introduced U.S. consumers to an innovative new approach to personal finance called peer-to-peer lending. Twenty years later, Prosper has helped over 2 million customers achieve financial well-being through a comprehensive suite of products.
Prosper’s flagship personal loan marketplace continues to offer a unique value for borrowers and investors alike. The Prosper® Card supports people seeking access to credit and flexibility in managing their finances.
Regardless of the product, Prosper is dedicated to meeting people where they are in their financial journey, in order to advance their financial well-being. Learn more at www.prosper.com.
*All personal loans made by WebBank.7