Personal Loan

Prosper Personal Loans – Fast and Easy Access to Funds

With rising household expenses and unwanted bills, it is natural that we sometimes need financial assistance before receiving our paycheck. In such a case, getting a personal loan may be a good option to meet your needs without much trouble. An affordable rate personal loan from a reliable source like Proper Marketplace can help you fulfill your financial goals.

Prosper Marketplace, Inc. is a leading peer-to-peer lending company based in San Francisco, California. Being the first peer-to-peer lending marketplace in America, Proper has over 2.2 million members and more than $2 billion in funded loans. Through the official website of the company, Prosper.com, individuals can either apply to borrow money or invest in personal loans. You can request all types of personal loans on this website and investors, either individual or institution, can fund any loan amount from $2,000 to $35,000 according to loan request.

 
 

Unsecured Personal Loans through Prosper

Personal loans available through Prosper are unsecured loans where borrowers are not required to place collateral. Borrowers qualify for a loan mostly based on their credit history. You can use the fund from your personal loan in a variety of ways to meet your financial goals. Some common usage of personal loans are:

  • Debt consolidation
  • Home improvement
  • Starting a small business
  • Purchase a car
  • Plan a vacation
  • Pay education or medical bills

Fast and Easy Personal Loans at Great Rates

If you need urgent cash and have a good to excellent credit rating, Prosper can connect you with investors who are more than willing to offer to best available rates on your personal loan. You do not have to pay any hidden fees or any types of charges associated with other loans. It also very easy to apply for a personal loan with Prosper. All you need to do is sign up at Prosper.com, and provide some basic information about yourself. You don’t have to worry about your personal details as everything is kept confidential and secure with the company. Once you sign up, you will be able to check available rates and also review various loan options. As soon as lenders invest in your personal loan, fund will be deposited directly into your account.

There are no prepayment penalties or any hidden fees involved, and the interest rate remain fixed throughout the repayment term. Moreover, your monthly loan repayments are fixed and they will be deducted automatically from your bank account. To get your loan faster, you can submit all your documents and required information on time. It is important for you to know that investors may consider your personal loan descriptions and community affiliations in addition to your credit scores, ratings and histories before offering you the loan.

Unsecured personal loans through Prosper are fully amortized over three or five years period, without any pre-payment penalties. The company verifies the identities of the borrowers and collect personal date before funding loans and they also manages every stage of loan servicing. The primary role of the company is to handle the loan servicing and collect and distribute borrowers’ payments and interest back to the loan investors.

 

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