History of Fee Changes - Prosper

History of Fee Changes


Date Changes
Dec-19-2010
  • Borrower closing fee: $75 minimum fee eliminated
Jun-27-2010
Sep-24-2009
  • Borrower closing fee: Changed to 0.50% for AA Prosper Rating listings, with no minimum
Jul-13-2009
  • Borrower closing fee: Changed to minimum of $50
Apr-28-2009
Sep-24-2008
  • Borrower closing fee: Changed to 2% for AA credit grade, minimum of $75 for all credit grades
Apr-15-2008
  • Lender servicing fee: Changed to 1% for AA credit grade
Jan-04-2008
  • Borrower closing fee: Changed to 2% for A-B credit grades and 3% for C-HR credit grades
Oct-30-2007
  • Lender servicing fee: Changed to 1% for A credit grade and 0% for AA credit grade
Feb-12-2007
  • Borrower closing fee: Changed to 2% for E and HR credit grades
  • Lender servicing fee: Changed to 1% for B-HR credit grades
  • Failed payment fee: Changed from three possible $5 fees to one $15 fee per month
Jul-19-2006
  • Electronic funds transfer discount: 1%
Feb-05-2006
  • Borrower closing fee: 1% for all credit grades, minimum of $25
  • Electronic funds transfer discount: 0.25%
  • Lender servicing fee: 0.5% per annum for all credit grades
  • Failed payment fee: $5 fee for each failed payment attempt
  • Late payment fee: 5% of installment amount or $15, whichever is greater (varies by state)

View Current Fees and Charges