Lender network / Lender profile
Prosper Personal Loans: Rates, Terms and Fees (2026)
Short answer: Prosper fits fair to good credit borrowers who want a co-applicant on the loan. Loans run $2,000 to $50,000 over 2 to 6 years.
| At a glance | Prosper |
|---|---|
| APR range | 8.99% to 35.99% |
| Loan amounts | $2,000 to $50,000 |
| Terms | 24 to 72 months |
| Origination fee | 1% to 9.99% |
| Funding time | As soon as 1 business day |
| Minimum credit score | Not published |
| Late fee | Greater of $15 or 5% of the payment |
| Availability | Not available in Iowa or West Virginia |
| Credit check to pre-qualify | Soft pull through CLO |
Good to know
- Joint applications accepted, no co-signers
- No autopay discount
- No direct payment to creditors
- $15 fee for a returned payment
How Prosper reaches CLO
Offers from Prosper come through CLO's partner network, powered by Flexxbuy. CLO is not a lender and doesn't make credit decisions. Lenders can't pay to change what this profile says.
Checking your rate uses a soft credit pull. Accepting an offer and finishing a lender's application may lead to a hard inquiry.
Compare with other lenders
Prosper personal loan questions
What credit score do I need for Prosper?
Prosper doesn't publish a minimum credit score. Pre-qualifying through CLO shows whether Prosper will make you an offer, without affecting your credit.
How much can I borrow from Prosper?
Prosper loan amounts: $2,000 to $50,000. The amount you're offered depends on your income, credit, existing debt and state.
What APR does Prosper charge?
Prosper's published APR range is 8.99% to 35.99%. Your rate depends on your credit profile, loan amount and term.
How fast does Prosper fund loans?
As soon as 1 business day. Timing starts once your application and documents are complete.
Does checking my rate with Prosper affect my credit?
No. Pre-qualifying through CLO uses a soft credit pull. A hard inquiry happens only if you accept an offer and complete Prosper's application.
Sources: >Prosper: compliance and disclosures · >Bankrate review. Found an error? Report it.