How to Get a Loan - Step by Step Instructions for Getting a Loan through - Prosper

How to Get a Loan

Create your loan listing Investors commit funds to your loan Receive your money! Make monthly payments

2. Investors commit funds to your loan

Once your listing is live on Prosper, lenders will be able to view your listing and invest in it. At any time in this funding process, you can see the progress of your loan's funding.

The listing will stay active until either it is fully funded or the 14 day listing period ends. If it does not receive at least the minimum required level of funding within the 14-day period, no loan will be made. If you want to try again, you do so by creating a new listing.

Increase your chances and get your money faster

Submit all requested information and documents as soon as possible. Keep an eye on your listing's Verification Stage icons, which tell you and potential investors how far along your loan application is in the verification process. The higher the Verification Stage, the more attractive your listing is to potential investors. Loans that reach Verification Stage 3 are much more likely to originate.

Loan Verification Process  arrow

Loan listing example

Create a listing now

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Check Your Rate
FIXED RATES FROM 6.38% to 35.36% APR
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Loan Types

Loan Types

* Based on one year personal loans made to first time borrowers with an AA Prosper Rating. To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions. APRs by Prosper Rating range from 6.38% (AA) to 35.36% (HR) for first time borrowers. Repeat borrowers may qualify for discounted rates. Rate offered is based on Prosper Rating and other factors, and your actual rate may differ. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, a Utah-chartered Industrial Bank.