Prosper: Personal Loans

Prosper: Personal Loans offers an easy and efficient way to apply for and manage personal loans ranging from $2,000 to $50,000. Users can estimate loan amounts, interest rates, and monthly payments within minutes — all without sharing personal contact information. The app allows borrowers to choose fixed loan terms from 2 to 5 years, benefiting from low and fixed interest rates starting at 8.99% APR, depending on creditworthiness.

Key features include submitting applications directly from your phone, quick next-day funding when eligible, and secure account management with fingerprint or face recognition. Existing borrowers can conveniently make payments, set up automatic payments, and track loan progress, all via the Prosper app. Established in 2005 as the first peer-to-peer lending marketplace in the US, Prosper has facilitated over $19 billion in loans, empowering people to access affordable financing with confidence.