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Lenders

Answers to questions about being a lender at Prosper

There were 4 questions found in this category:

As a lender, can I join a group?
Yes, absolutely. If you're already a member of a group, you can also show your support for other groups, by check a checkbox on the bidding page that will add your screen name to the "Supporting lenders" list on the group's "People" page.
What are the lender fees charged by Prosper?
0.5% annual loan servicing fee The annual servicing fee is accrued daily, and is based on the current outstanding loan principal. This fee is accrued the same way that regular interest is accrued on the loan. For example, on a $5,000 loan at 10% interest, the servicing fee would be $40.40 over ...
What credit information is available to lenders?
Each loan listing has a box on the right called "Credit Information."Anyone can immediately view two sources of information:Credit grade A credit grade is a letter grade that Prosper assigns you based on your Experian ScoreX PLUS™ credit score, for use solely in the Prosper marketplace. Th ...
Who can lend money on Prosper?
A Prosper lender is any person who is a U.S. resident with a bank account and a social security number. After passing Prosper's anti-fraud and identity checks, lenders offer money to borrowers at a rate they select, often earning a much better interest rate than putting their funds in a money-ma ...

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