Rick Bormin, Personal Loans Moderator
Permalink Report Abuse
To apply for a Prosper personal loan, first check for pre-qualification and decide which way you will apply (online or by phone), then enter your personal and financial information on the application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for a Prosper Personal Loan
- Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for a Prosper personal loan. It doesn't hurt your credit. You can check for pre-qualification on the Prosper website or WalletHub's pre-qualification tool.
- Decide which way to apply. You can apply for a Prosper personal loan online or by phone. Applying online is the best way because it typically offers the fastest decision.
- Enter your personal information on the application. Prosper requires the following personal information on the application: your name, date of birth, email address, home address and phone number and Social Security number.
- Enter your financial information on the application. Prosper requires the following financial information on the application: your primary source of income and annual income.
- Double check the application for accuracy. To ensure that your Prosper personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
- Submit your application. Prosper will typically provide a decision on your application within 5 business days.
If you are approved for a Prosper personal loan, you will generally receive the funds within 1 to 3 business days after approval. After that, it's your responsibility to make monthly payments until you have fully paid back your loan, including interest.
Compare Personal Loan OffersCompare Offers
People also ask
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Did we answer your question?