Short Term Loans with No Prepayment Penalties
Sometimes a short-term loan is exactly what you need—a loan you can pay back in three years or five years. A longer-term loan won’t work when you’re looking for a relatively small loan amount, no prepayment penalties, and a quick and easy application process. And, of course, you want all of this at a good rate.
Loans through Prosper are ideal short-term loans for many reasons. There are never any prepayment penalties at Prosper, which means the loans can be paid off as quickly as you’re able. You create your entire listing online, any time of day. And the loan rates are competitive.