Prosper is an online portal through which customers can either invest money in personal loans or request to borrow money.It is operated by Prosper Marketplace, Inc through one of its subsidiaries called Prosper Funding LLC. Prosper Marketplace Inc is a peer-to-peer lending company with its headquarters in San Fransisco, California. Customers can request for personal loans or investors can invest in personal loans from 2000$ to 35000$ per loan request.From 2006 to 2009 prosper acted as a variable rate model.It acted as an online auction marketplace similar to e-bay where the lenders and borrowers ultimately decide the loan rates.
The idea of service with which Prosper operates is derived from a method of group banking concepts such as rotation savings and credit associations.This method became very popular because of the ease with which customers can borrow or invest money and also because of it’s no prepayment penalties or hidden fees policy
My Prosper portal:
To start using the Prosper portal you have to get a pre-approved letter for the loan.Follow the below steps to borrow or invest money online using Prosper.
- Go to the official website of Prosper for loan services or click here
- Locate the eight digit offer code present in the preapproved letter and enter it in the first box
- Enter the amount between 2000$ to 35000$ which you would like to borrow
- click on continue button at the end
Using my prosper will help you have a low fixed APR with no prepayment penalties or hidden fees and also help you save a lot of money compared to what you might be paying towards balances on credit cards.The preapproved letter you get will be only for a limited period of time.So use this opportunity wisely by using Prosper and saving a lot of time and money and complete your loan process with ease.
For any questions or queries regarding your application for Prosper loan please contact 1-866-615-6319. For investor services please contact 1-877-646-5922.Thank you for using us as your guide. If you have more doubts or issues please comment below to reach us. Have a nice future ahead.