A Prosper borrower is any person who is a U.S. resident with a bank account and a Social Security number or Individual Taxpayer ID. Borrowers must first be approved by Prosper's anti-fraud and identity verification systems before they can post a loan listing. Approved borrowers can request unsecured loans from $1,000 to $25,000 (may vary by state ) at rates they select. It is recommended that borrowers join a group before creating a listing to attract more favorable interest rates. No matter how good or poor your credit rating, or how high or low your level of income, all registered borrowers are allowed to post a listing on Prosper.
What kinds of loans are available on Prosper?
Borrowers can request 3-year, fully amortized, unsecured loans up to $25,000 (may vary by state ). In other words, you will have three years to pay off the loan in full with set monthly payments. You don't have to offer any collateral, like a car or your house, to guarantee the loan. There are no penalties for paying off your loan early or for making partial prepayments.
How quickly wiil I get my money?
Borrowers typically receive their loan within 2 to 4 business days of a match.
No comments:
Post a Comment