Prosper Home Equity Line of Credit (HELOC)

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About Prosper Mortgages & Home Loans

The Prosper Home Equity Line of Credit (HELOC) from Prosper is one of the top-rated Mortgages & Home Loans options evaluated on MoneyCompared, earning an overall product score of 8.7/10. Prosper is America's pioneer peer-to-peer lending marketplace, having facilitated over $25 billion in fixed-rate Personal Loans ($2,000 to $50,000), Home Equity Lines of Credit (HELOCs up to $500,000), and the credit-building Prosper Mastercard.
Key highlights include 8.25% - 16.50% Variable APR, a fee structure of $0 Prepayment Penalty, and Access up to 95% CLTV ($500,000 max credit line).

Features

Annual Fee $0 Prepayment Penalty
Regular APR / Rate 8.25% - 16.50% Variable APR
Intro Offer / Welcome Bonus Access up to 95% CLTV ($500,000 max credit line)
Savings APY / AER 10-year draw period with fast digital appraisal options
Minimum Deposit $10,000 - $500,000 Credit Line
Foreign Transaction Fee $0 (None)
Deposit Insurance FDIC / NCUA Insured ($250k+)
Mobile App Rating 4.8 / 5.0
Overall Rating 8.7 / 10

About Product

  • Annual / Monthly Fee: $0 Prepayment Penalty
  • APR / APY Rate: 8.25% - 16.50% Variable APR
  • Intro Offer / Bonus: Access up to 95% CLTV ($500,000 max credit line)
  • Key Benefits: 10-year draw period with fast digital appraisal options
  • Minimum Requirement: $10,000 - $500,000 Credit Line
  • Institution: Prosper (San Francisco, CA, USA)

Pros

  • Rate / APY / APR: 8.25% - 16.50% Variable APR
  • Fee Structure: $0 Prepayment Penalty
  • Welcome Offer / Highlight: Access up to 95% CLTV ($500,000 max credit line)
  • Key Perks: 10-year draw period with fast digital appraisal options

Cons

  • Minimum Requirement: $10,000 - $500,000 Credit Line
  • Subject to Prosper credit or account eligibility terms

Ready to check your rate for Prosper Home Equity Line of Credit (HELOC)?

Visit the official Prosper website to view current terms, eligibility, and apply online.

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