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How much does it cost to get a loan from Prosper?

Eligibility for personal loans up to $50,000 depends on the information you provide in the application form. Origination fees vary between 1% to 9.99%. HELOC rates start as low as 3.24% variable rate and range up to 10.35% after the introductory period. How long does it take Prosper to approve a loan?

What is Prosper loans?

Prosper Loans is an online peer-to-peer lender marketplace that offers fast loans funded by individuals and investors. Prosper handles all loan servicing on behalf of borrowers and investors. Loans range from $2,000 to $40,000, and terms range from three to five years with a fixed interest rate. You can check your rate online instantly.

Is Prosper a legitimate loan company?

Yes, Prosper is a legitimate loan company that’s been in business since 2005. It offers personal loans, home equity loans, HELOCs and credit cards for consumers. Since its inception, it has issued over $25 billion in loans.

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