Apply for a personal loan through Prosper. America's First Peer-to-Peer Lending Marketplace.

A fast and easy application process, flexible terms and fast next business day funding¹ . Enjoy the benefit of convenience and the peace of mind that comes from working with an established and trusted brand. 

Checking your rate will not affect your credit score

You've got it covered with Prosper

Get a low rate

Next day funding

Pay at your own pace

Receive your money up to one business day after completing necessary requirements.

Pay off your loan with fixed 3 or
5-year* terms and a budget-friendly, single monthly payment.

Save money with a low, fixed rate* that never goes up.  


Checking your rate will not affect your credit score

Frequently Asked Questions

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.*

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.

How long does it take to get funded?

With a personal loan through Prosper, you could get your funds up to one business-day after completing necessary requirements.¹ 

Is Prosper Safe?

For all borrower loans, the borrower’s identity is verified against data from consumer reporting agencies and other identity and anti-fraud verification databases. All sensitive information is transmitted on secure channels using SSL technology, with SSL certificates issued by Symantec or DigiCert. We employ principles of least privilege and layered security to protect stored sensitive information. Sensitive information at rest is encrypted using the industry level encryption technologies with appropriate controls to access the data. 

Does Prosper charge pre-payment penalties?

Nope! Prosper does not charge pre-payment fees if you end up paying your personal loan off early.

I was extremely pleased with how easy it was to obtain a personal loan quickly. Everything was done online and automated. I like the security in sending a link to access my Prosper Account each time I wish to access it. Thank you for the wonderful, easy experience in obtaining a Personal Loan."

- Frances, Prosper Borrower







Why choose Prosper?

Prosper is America's first peer-to-peer lending marketplace. Join over 1 million borrowers across the country who have decided to take out a loan through Prosper.

Checking your rate will not affect your credit score

Prosper and WebBank take your privacy seriously.

Please see Prosper's Privacy Policy and WebBank's Privacy Policy for more details.


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

¹ You may receive your funds one business day following your acceptance of the loan offer, completion of all necessary verification steps and final approval. One business day funding is also dependent on your bank's ability to quickly process the transaction.

* For example, a three-year $10,000 personal loan would have an interest rate of 11.74% and a 5.00% origination fee for an annual percentage rate (APR) of 15.34% APR. You would receive $9,500 and make 36 scheduled monthly payments of $330.90. A five-year $10,000 personal loan would have an interest rate of 11.99% and a 5.00% origination fee with a 14.27% APR. You would receive $9,500 and make 60 scheduled monthly payments of $222.39. Origination fees vary between 2.41%-5%. Personal loan APRs through Prosper range from 7.95% to 35.99%, with the lowest rates for the most creditworthy borrowers.Eligibility for personal loans up to $40,000 depends on the information provided by the applicant in the application form. Eligibility for personal loans is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All personal loans made by WebBank, Member FDIC.

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