Prosper Lending Services – Independently Owned & Operated
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Interest rates and the total cost of borrowing depend on a borrower’s credit history, financial profile, and other eligibility factors. Prosper reserves the right to approve or decline any application based on its internal underwriting guidelines and procedures. Not all applicants will be approved.
Annual Percentage Rates (APR) range from 8.99% to 35%, with loan terms ranging from 3 to 120 months.
Example: A loan of $1,000 for 12 months at 29.99% APR would result in monthly payments of $97.48 and a total cost of borrowing of $169.79.
For lending products that Prosper does not provide directly, applications may be referred to affiliated lenders or third-party lending partners. These partners conduct their own underwriting and approval processes and will disclose their applicable interest rates, fees, and total cost of borrowing separately.