Creating a Loan Listing

How do I create a listing?

Before you get into it, view a tutorial on borrowing money.

If you are not registered with Prosper, click the "Register now" button on the home page. You will be asked to fill out a quick registration form. Registration is free.

If you are not a member of a group, we recommend that you join a group before creating your listing. Borrowers who join groups with a good reputation are likely to receive more favorable bids because its members pay on time. Learn more about joining a group. If you don't want to join a group, you can still post a loan listing as an individual.

When you are ready to create your listing, click on the "Borrow" tab and click "Create a new listing now".

First, you will be asked to provide your social security number and a few other personal details so Prosper can verify your identity and pull your credit score. There is no fee to you for pulling your credit score, which we use to categorize your credit into one of eight credit grades. There is no fee to you for obtaining your credit score and grade.

This won't affect your credit score! Although we are making a request for your credit score, we're doing so at your instruction so no inquiries viewable by subsequent users of your credit report will be placed in your credit file. That means your credit score won't be affected when you register or post a listing. Only if you obtain a loan through Prosper will an inquiry that others can see be placed in your credit file.

You will also need to provide bank account information. If your loan is funded, your loan proceeds will be deposited in the bank account you specify. Additionally, if you choose, starting on the first month after funding, your monthly payments will be deducted automatically from your bank account. Learn more about monthly payments in manage your loan.

Your loan listing is what will inspire lenders to bid against each other to make you a loan. Your listing communicates very important details to lenders about you and your loan. Your listing will include what you need the loan for, how much, what group you belong to (if you belong to one), your credit grade, and additional data from your credit report which helps determine your grade. You can request a loan from $1,000-$25,000 (may vary by state), and you can also specify the maximum interest rate you want to pay. You decide how long you want your listing to be posted for bidding. You can add as much or as little personal information as you'd like, such as pictures or web links to a current project, like the independent film you're working on. You can review the details of your listing, including the estimated Annual Percentage Rate (APR), monthly payment, disclosures, and other legal terms.

If you belong to a group that requires listing review, your group leader will have up to 7 days to review your listing and approve or decline the listing. You may withdraw your listing at any time during this process.

Once your listing is active and posted on the Prosper marketplace, you'll be able to see it and track it on the "Lend" tab. You can easily monitor the bids you are receiving on the bid history page. Learn more about bidding.