Prosper: Personal Loans

Editor's Review

Unlock financial flexibility with the Prosper: Personal Loans App! 💰 Whether you're looking to explore new personal loan options or efficiently manage your existing loan, this app puts the power in your hands. Get ready to experience a seamless and user-friendly approach to personal finance. 🚀

New to Prosper? Within just two minutes, you can estimate your potential personal loan amount, interest rates, and monthly payments – all without the need to share your phone number or email address. ⏱️ If you like what you see, submitting your application through the app takes less than 5 minutes, and you could be on your way to securing next-day funding (subject to meeting the necessary conditions). Enjoy access to fixed-rate, low-interest personal loans ranging from $2,000 to $50,000. 💸

Key features include:

• Quick Estimates: Get an estimated loan amount and interest rate in just a few taps. 📊
• Flexible Terms: Choose between a minimum 2-year term or a maximum 5-year term. 🗓️
• Easy Application: Submit your application directly from your phone in minutes. 📱
• Competitive Rates: Annual Percentage Rates (APR) range from 8.99% to 35.99%, with the lowest rates for the most creditworthy borrowers. 🏦
• Application Continuity: Pick up right where you left off if your application is interrupted. 💾
• Fast Funding: Get next-day funding if you meet the required conditions. ⚡

All personal loans are facilitated by WebBank, ensuring a trusted and reliable lending experience. 👍

Already a Prosper borrower? Managing your personal loan is now easier than ever. Log in to your My Prosper Account securely with Fingerprints or Face Recognition. Make payments, set up automatic payments, and monitor your loan's progress – all from the convenience of your smartphone. ✅

Additional benefits include:

• Effortless payment management, whether automatic or manual. 💳
• Enhanced security with biometric login options. 🔒

Prosper was founded in 2005 and has since become a pioneering peer-to-peer lending marketplace in the United States, facilitating over $19 billion in personal loans to more than one million people. Join a community where people invest in each other, creating financially and socially rewarding opportunities. 🤝 Borrowers can apply online for fixed-rate, fixed-term loans, while individuals and institutions can invest in these loans and earn solid returns. 📈

Features

• Estimate loan amount and interest rate quickly

• Choose between 2-year and 5-year terms

• Submit loan application directly from your phone

• Access fixed rate, low interest personal loans

• Resume interrupted applications easily

• Potentially get next-day funding

• Make payments and set up automatic payments

• Track the progress of your loan

• Use Face Recognition/Fingerprints for secure access

Pros

• Quickly estimate loan amount and interest rates

• Apply for a loan in less than 5 minutes

• Manage your loan easily from anywhere

• Securely access your account with Face Recognition/Fingerprints

Cons

• APR can be as high as 35.99%

• Eligibility for loans is not guaranteed