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Prosper Fixed-Rate Personal Loan

About Prosper Personal Loans

The Prosper Fixed-Rate Personal Loan from Prosper is one of the top-rated Personal Loans options evaluated on MoneyCompared, earning an overall product score of 8.9/10. 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 8.99% - 35.99% Fixed APR, a fee structure of 1.00% - 9.99% Origination Fee, and Co-borrowers accepted + 1-day funding after verification.

Features

Annual Fee	1.00% - 9.99% Origination Fee
Regular APR / Rate	8.99% - 35.99% Fixed APR
Intro Offer / Welcome Bonus	Co-borrowers accepted + 1-day funding after verification
Savings APY / AER	No prepayment penalties
Minimum Deposit	$2,000 - $50,000 Loan Amounts
Foreign Transaction Fee	$0 (None)
Deposit Insurance	FDIC / NCUA Insured ($250k+)
Mobile App Rating	4.8 / 5.0
Overall Rating	8.9 / 10

About Product

Annual / Monthly Fee: 1.00% - 9.99% Origination Fee
APR / APY Rate: 8.99% - 35.99% Fixed APR
Intro Offer / Bonus: Co-borrowers accepted + 1-day funding after verification
Key Benefits: No prepayment penalties
Minimum Requirement: $2,000 - $50,000 Loan Amounts
Institution: Prosper (San Francisco, CA, USA)

Pros

Rate / APY / APR: 8.99% - 35.99% Fixed APR
Fee Structure: 1.00% - 9.99% Origination Fee
Welcome Offer / Highlight: Co-borrowers accepted + 1-day funding after verification
Key Perks: No prepayment penalties

Cons