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Statement layout

• Loan summary: A summary of your loan with Prosper, detailing balances and interest rates.
  
  
• Payment summary: A simple overview of the prior and upcoming payments on your loan. If your payment is past due, it will be indicated in this area of the statement.
  
  
• Account activity: A detailed list of accrual and payment events on your loan for the current statement period.

Loan summary

The loan summary is a summary of your loan with Prosper, detailing balances and interest rates.

Specific fields include:

• Loan title: The title of the listing that was funded to create the loan.
• Loan no.: The Prosper loan number for the loan.
• Product: The terms (length and rate style) of the loan.
• Original loan amount: The original principal balance of the loan, including closing fees.
• Principal balance: The current principal balance of the loan.
• Interest rate: The annual rate of interest for the loan. Includes group leader rewards if applicable.
• APR: The Annual Percentage Rate (APR) is an expression of the effective interest rate that will be paid on a loan. It is different from the borrower rate (or "note rate") because it includes one-time fees in an attempt to calculate a total cost of borrowing money. 
• Daily rate: The interest rate expressed as a daily percentage rate, assuming a 365-day year.
• Interest accrued this period: The amount of interest accrued on the loan during the current statement period.

Sample loan summary:

Payment summary

The payment summary is a simple overview of the prior and upcoming payments on your loan. If your payment is past due, it will be indicated in this area of the statement.

Specific fields include:

• Last payment: The amount, date, and status of the last payment. If your payment is late, you will be instructed to make a manual payment immediately. Learn more about what happens if you're late on a monthly payment.
• Next payment: The amount and date of your next scheduled monthly payment. You can make a manual payment at any time.

Sample payment summary:

Account activity

The account activity table is a detailed list of accrual and payment events on your loan for the current statement period.

Specific fields include:

• Date: The date of each event.
• Reference no.: The Prosper reference number for each event. When contacting customer support about a specific loan event, use this reference number.
• Description: A description of the event. Descriptions may include:
  • Starting balance: The principal balance at the beginning of the current statement period.
  • Failed payment fee: A fee assessed to your balance for a failed monthly or manual payment attempt. Failed payment fees are paid to Prosper.
  • Late payment fee: A fee assessed to your balance for failure to make a monthly payment within 15 days of the payment due date. Late payment fees are distributed to lenders.
  • Automatic payment: A monthly payment which has been automatically withdrawn from your primary bank account on file.
  • Manual payment: An off-cycle monthly payment which you have initiated from Prosper.
  • Principal payment: An off-cycle payment of loan principal which you have initiated from Prosper.
  • Closing balance: The principal balance at the end of the current statement period.
• Fees: Fees assessed to your balance for failed automatic payments or other delinquent activity.
• Fees paid: Failed payment and late payment fees paid.
• Interest paid: Interest paid on loan principal.
• Principal paid: Loan principal paid.
• Total paid: Total of fees, interest, and principal paid.
• Principal balance: Resulting principal balance after event.