New! Next-day funding now available. Get your funds as soon as 1 business day after completing requirements.1

Personal loans

Enjoy peace of mind with a fixed-term, low interest personal loan up to $40,000.2

How much do you want to borrow?Enter from $2,000 - $40,000
Check your rate

Checking your rate won't affect your credit score

Why choose a personal loan through Prosper?

Fast

Get your funds as soon as 1 business day after completing requirements.1

Flexible

Choose 3 or 5 year loan terms.3

Worry-free

Keep money in your pocket with no pre-payment penalties.

Checking your rate won't affect your credit score

Since 2005, over 1 million people have chosen Prosper to help fund their dreams.

See our 6,960 reviews on

Imagine the possibilities with a personal loan

With the flexibility and ease of a personal loan through Prosper, you’re free to reach your next big milestone. Which dream will your loan help bring to life?

How it works

1

Check Your Rate

Share some information with us to see what interest rate you qualify for.

2

Choose Your Loan

Review your loan offers and choose the one that works best for you.

3

Get Your Funds

We’ll use direct deposit to send your money fast.

Checking your rate won't affect your credit score

Credit card vs. Personal loan

Our money motto: keep it simple. Struggling to decide which option is right for you? Let’s breakdown the details.

Credit card

  • Variable interest rate
  • No clear payment plan
  • Longer payoff

Personal loan

  • Fixed interest rate
  • Simple payment plan
  • Set payoff date

Checking your rate won't affect your credit score

Hello financial well-being

We empower you with access to the money you need to build your life. Personal loans through Prosper are flexible and affordable—use yours to pay for almost anything life throws your way, from a special occasion or adoption fees to unexpected expenses, medical costs or a home renovation. Thinking about other creative ways to get on top of your finances? Consider using a personal loan to consolidate your debt into one easy, fixed monthly payment. You may even score a lower rate than you’re currently paying on debts such as medical bills and credit cards. With Prosper, financial peace of mind is within reach.

Consolidating debt? Paying for a large expense like home improvement or a special occasion? We have you covered. Apply for a low interest, fixed term personal loan with no prepayment penalty fees through Prosper.

Receive your money as soon as 1 business day after completing the necessary requirements.

Common questions about personal loans

Find answers to our community’s questions below, or visit our Help Center to learn more.

What is a personal loan?

A personal loan is money borrowed from a lender that you pay back in fixed monthly payments. Borrowers can pay back Prosper personal loans in 3 or 5 year terms.3

Personal loans through Prosper are unsecured, meaning they're not backed by collateral like your home. Instead, our partner, WebBank, issues personal loans based on creditworthiness.

Prosper borrowers can use their personal loan for a variety of expenses. Some choose to use their loan for home repairs or debt consolidation, while others use it to fund big purchases.

How do I get a personal loan?

Use our tool to check your rate and see what personal loan offers you may be eligible for. Checking your rate won't affect your credit score. Review your offers and choose the loan terms that work best for you. Once you accept an offer, you’ll receive your money as soon as 1 business day after completing the necessary requirements.1

If you’re applying by yourself, you can also call us at 1-(866)-615-6319 to apply for a personal loan by phone. If you’re applying with another person, follow the steps above.

Will I have to pay any fees on a personal loan through Prosper?

For a full overview of fees associated with a personal loan through Prosper, visit our Help Center.

As explained in our Help Center article, your loan may be subject to 4 types of fees:

  1. Origination Fee
  2. Check Payment Fee
  3. Late Fee
  4. Insufficient Funds Fee

You can also refer to your Borrower Registration Agreement and Promissory Note (stored in your online account) for more details about fees.

What if I don’t qualify for a personal loan?

WebBank issues personal loans based on creditworthiness. Borrowers who accept a personal loan through Prosper must have a credit score of 640 or higher to qualify for a loan.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant. This could improve your chances of getting an offer. Plus, it might lower your rate. Your co-applicant should be someone you trust with strong credit and a steady job.

What is a personal loan?

How do I get a personal loan?

Will I have to pay any fees on a personal loan through Prosper?

What if I don’t qualify for a personal loan?

A personal loan is money borrowed from a lender that you pay back in fixed monthly payments. Borrowers can pay back Prosper personal loans in 3 or 5 year terms.3

Personal loans through Prosper are unsecured, meaning they're not backed by collateral like your home. Instead, our partner, WebBank, issues personal loans based on creditworthiness.

Prosper borrowers can use their personal loan for a variety of expenses. Some choose to use their loan for home repairs or debt consolidation, while others use it to fund big purchases.

Use our tool to check your rate and see what personal loan offers you may be eligible for. Checking your rate won't affect your credit score. Review your offers and choose the loan terms that work best for you. Once you accept an offer, you’ll receive your money as soon as 1 business day after completing the necessary requirements.1

If you’re applying by yourself, you can also call us at 1-(866)-615-6319 to apply for a personal loan by phone. If you’re applying with another person, follow the steps above.

For a full overview of fees associated with a personal loan through Prosper, visit our Help Center.

As explained in our Help Center article, your loan may be subject to 4 types of fees:

  1. Origination Fee
  2. Check Payment Fee
  3. Late Fee
  4. Insufficient Funds Fee

You can also refer to your Borrower Registration Agreement and Promissory Note (stored in your online account) for more details about fees.

WebBank issues personal loans based on creditworthiness. Borrowers who accept a personal loan through Prosper must have a credit score of 640 or higher to qualify for a loan.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant. This could improve your chances of getting an offer. Plus, it might lower your rate. Your co-applicant should be someone you trust with strong credit and a steady job.

Where personal loans meet financial well-being

Not sure if a personal loan is right for you? Learn more about borrowing money, managing debt, and keeping your finances in check.

Use a personal loan to build your dreams

Applying for a personal loan the traditional way can be daunting. Through Prosper, you can apply in minutes and receive your money as soon as 1 business day after completing the necessary requirements, all from the comfort of home. Apply now and see how easy it can be to finance your goals.

How much do you want to borrow?Enter from $2,000 - $40,000
Check your rate

Checking your rate won't affect your credit score