Close

Freedomplus Personal Loan Lender Profile

RATES

As low as 6.95%*

TYPES OF INTEREST RATES

3, 5 years

Fixed

LOAN TERMS

Prosper is America’s first marketplace lending platform, with over $8 billion in funded loans.  Debt consolidation loans through Prosper have a fixed interest rate, and your loan principal goes down as you make your loan payments.  Prosper’s online electronic payment system lets you manage your entire consolidation loan directly and with ease.  Prosper Marketplace is backed by leading investors including Sequoia Capital, Francisco Partners, Institutional Venture Partners, and Credit Suisse NEXT Fund.

No Collateral Required: All loans through Prosper are unsecured - you qualify for a loan based on your credit history.

Loan Size:  Prosper loans can range between $2,000 and $35,000.

Residency: US residents with a bank account and social security number.

Loan Uses:  Debt consolidation, home improvement, vehicles, small business, new baby expenses and other uses.

Eligibility

6.95 - 35.99%

Fixed Term

*All rates are APR

For example, a three-year $10,000 loan with a Prosper Rating of AA would have an interest rate of 5.31% and a 2.41% origination fee for an annual percentage rate (APR) of 6.95% APR. You would receive $9,759 and make 36 scheduled monthly payments of $301.10. A five-year $10,000 loan with a Prosper Rating of A would have an interest rate of 8.39% and a 5.00% origination fee with a 10.59% APR. You would receive $9,500 and make 60 scheduled monthly payments of $204.64. Origination fees vary between 2.41%-5%. APRs through Prosper range from 6.95% (AA) to 35.99% (HR) for first-time borrowers, with the lowest rates for the most creditworthy borrowers. Eligibility for loans up to $40,000 depends on the information provided by the applicant in the application form. Eligibility is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All loans made by WebBank, member FDIC.

3, 5

Terms (Years)

Rates Valid as of June 14, 2018

Rate (APR)

Products

  • Your money goes straight to your bank account via direct deposit
  • Make single monthly payments
  • No hidden fees, early payment penalties or tricky fine print

Key Benefits

WebBank

LOAN SERVICER

Prosper Loan

LOAN NAME

Additional Information

Are you saving for a special vacation? A dream home? Financial freedom? Here are some great tips on helping you get there.

Just knowing the basics of a credit report might not be enough to avoid unexpected score changes. Here are four surprising items that can land on your credit reports.

Take a closer look at each personal loan lender to see which one may be right for you.

All you need to know about what personal loans are, what they're typically used for, and what to watch out for when applying

Learn More About Personal Loans