Prosper Review

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One of the leading lenders online is Prosper Marketplace. When you look for lending companies online, you must find one that has been around for a very long time (obviously that means you don’t want to worry about the company disappearing on you) and also that they offer features and rates that suits your need. Because Prosper is a large company and one of the oldest companies out there for online lending, we feel comfortable in recommending Prosper as one of your top choices you should consider when trying to get a loan online.

But what makes Prosper so popular? How about one of the lowest APR that we’ve found online? How about a fast and easy to fill out application? How about a quick response on whether or not you get that loan? Prosper does all that and more.

  • Low fixed rates
  • Fast and easy online application
  • No teaser rates or hidden fees
  • Rates from 6.73% to 35.36% APR

As of this review, there’s been over $2 BILLION dollars that have been borrowed by over 250,000 people. That’s a huge number with a large amount of people who trust and borrow from Prosper.

Another feature that Prosper has is that if you have some money to invest..why not help someone out? The returns are very competitive to the ones given at the bank and as a lender, you’ll have a variety of loans to pick from. Prosper makes it even easier by giving you information about the loan such as how long the loan is for and most importantly Prosper grades each loan in terms of risk. Ofcourse the higher the risk is usually the higher the return and vice versa.

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