Prosper Personal Loan
Prosper offers fixed-rate personal loans from $2,000 to $50,000 for various needs, including debt consolidation and home improvement.
Last checked on September 19, 2026. We may earn a commission when you click through.
Prosper Personal Loan
Updated 26 days agoAPR Range
8.99–35.99%
Amount
$2k–$50k
Term
24–60 months
Type
personal
You'll be redirected to prosper.com
Our Verdict
Prosper Personal Loans provide a wide borrowing range, but their APR can reach up to 35.99%, making them costly for some borrowers. This option suits those with fair credit needing quick access to funds.
Best For
Individuals with fair credit scores (600+) looking for personal loans between $2,000 and $50,000.
Watch Out
High APR rates can significantly increase the total repayment amount, especially for longer terms.
Pros
- Wide loan range from $2,000 to $50,000
- Fast funding in as little as one business day
- No prepayment penalties
Cons
- High APRs up to 35.99%
- Requires a minimum credit score of 640
- Customer service may be slow during peak times
Full Review
Prosper's personal loans are appealing for their flexible borrowing amounts and the ability to receive funds quickly, sometimes within one business day. However, the APR ranges from 8.99% to 35.99%, which may lead to high costs for borrowers at the upper end of that scale. The application process is entirely online, which is convenient, but users should be aware that a minimum credit score of 640 is required for approval.
the company does not impose prepayment penalties, allowing borrowers to pay off their loans early without extra fees. Some users report issues with customer service responsiveness, particularly during times of high volume. It's crucial for potential borrowers to understand that while the process is approval is not guaranteed, especially for those near the credit score minimum.
For detailed information, visit Prosper's official site at Prosper.com.
Who Is This For?
Borrowers with fair credit seeking personal loans for debt consolidation or significant purchases.
What Borrowers Say
Users appreciate the quick funding process but express concerns about high-interest rates and customer support.
Summary
Prosper offers fixed-rate personal loans ranging from $2,000 to $50,000 with APRs between 8.99% and 35.99%, and loan terms of 3 to 5 years.
About This Loan
Requirements
- US citizen or permanent resident
- Age 18+
- Valid SSN
- Bank account
- Minimum credit score 640
- At least 2 years of credit history
- Debt-to-income ratio below 50%
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