How do I apply for a Prosper personal loan? This question is about Prosper

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.

Ad Disclosure Ad Disclosure

How do I apply for a Prosper personal loan?

Answer Question Report Abuse

This question is about Prosper

see this user

Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 10/18/21 This answer was first published on 10/18/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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.

Answer Question

What are the personal loan requirements?

Major personal loan requirements include being at least 18 years old, having a bank account, having a good credit history, and having enough income or assets to afford monthly loan payments. Specific personal loan requirements vary by lender, however. Avant requires a credit score of 600 or higher, for example, while Prosper sets the bar at 640 and SoFi asks for 680. Most lenders don’t disclose annual income requirements, but two exceptions are LendingPoint ($20,000+)...

read full answer

Where can I get a personal loan?

You can get a personal loan from a bank, a credit union or an online lender. The key to getting a personal loan is to do your research, both on the loan providers and the terms of their offers. WalletHub makes it easy to compare personal loans and has user reviews for lenders big and small. Once you’ve decided on the right loan for you, WalletHub can bring you directly to its secure online application.

Below,...

read full answer

How long does it take to get money from a Prosper personal loan?

It takes about two to three business days to get the money from a Prosper personal loan after you have been approved. The Prosper loan timeline includes around 1 to 5 business days to get approved for a Prosper loan and another 1-3 business days to receive the funds after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.

How to Get Money From...

read full answer

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.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.