Prosper - Reviewed & Compared


Prosper® is an online resource for personal loans up to 35k, and specializes in getting borrowers their money fast, typically in one to three days. Let’s see how they stack up:

Company Overview

In business since 2005, Prosper is one of the pioneers of peer-to-peer lending, and helps borrowers with fast loans in amounts of 2k-35k. They also have an easy to use website that has plenty of information for borrowers. .

MORE: Is Getting a Personal Loan Right for You?

What Prosper Does Best

They help borrowers get a personal loan fast. They work with borrowers who have somewhat good credit (640 and up credit score), and their “no hidden fees or rate hikes” presentation reflects this focus. Their excellent website allows borrowers to check their rate without it affecting their credit score, which I liked. .

MORE: Is Getting a Personal Loan Right for You?

Any Negatives?

The only thing I can see is they are not a household name. But they’ve been around for more than a decade, so don’t let that bother you.

What Others Are Saying

Customers really like them. In fact, 9 out of 10 customers would recommend Prosper to family or friends*

Our Final Verdict: 9/10

Prosper is an excellent source for online personal loans, and is very up front and professional in regards to their services..

  • Great Rates that Start at 5.99%.
  • No Hidden Fees or Rate Hikes.
  • Check Your Rate Without Affecting Your Credit Score.