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How much does a prosper personal loan cost?

Personal loans through Prosper are available in amounts between $2,000 and $50,000. The average loan amount is on the low end, however, at $14,399, according to data supplied by Prosperas of May 2024. Loan terms. Prosper borrowers can choose from loan terms of two, three, four or five years.

Is Prosper a good peer-to-peer lender?

As a peer-to-peer lender, Prosper also lets you play the role of investor, browsing funding borrower loans in exchange for a nice trickle of interest. Prosper boasts that the average historical returns for their investors since 2009 have reached 5.8% APY, up from 5.1% a few years ago.

Is Prosper a good loan company?

Prosper has a 4.6-star rating on Trustpilot based on 12,832 reviews, and only 7% of those reviews are either “Poor” or “Bad.” Satisfied customers are pleased with the simplicity of the application process and the speed with which loans are funded. What’s more, happy borrowers report that customer support resources are helpful.

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