Prosper came up in 2005 as first peer to peer lending marketplace in US. Prosper is a company based in California which is providing its services in peer-to-peer lending industry. This industry is situated in San Francisco. Through Prosper, people can invest in each other in a way that is financially and socially rewarding.
Borrowers apply online for a fixed-rate, fixed-term loan between $2,000 and $40,000. Individuals and institutions can invest in the loans and earn attractive returns. Prosper handles all loan servicing on behalf of the matched borrowers and investors.Prosper Marketplace is backed by leading investors including Sequoia Capital, Francisco Partners, Institutional Venture Partners, and Credit Suisse NEXT Fund.
Read SaveWithProsper.com Reviews
Prosper provides very convenient loans to borrowers. Read the reviews of SaveWithPropser offers loan ranging from $2000 to $40000 per loan request submitted. Savewithpropser company offers its customers to either burrow money or to offer their money to burrowers thus maintaining one to one burrower-lender relationship.
As reported by wiki, prosper has made its marketplace in very short time by offering $7 billion in funded loans till date. SaveWithProsper came up as prominent lending organization in America’s first peer to peer lending marketplace. Burrowers credit score, rating, loan history and loan category are the factors which are analyzed while considering loan application. One can get all the details at savewithprosper.com to avail a loan from savewithprosper.
Things you should know about Savewithprosper?
SaveWithProsper allows loan from 5.99% to 36.00% APR to first time customers and applicants. When you are availing loans from SaveWithPropser then you must know that, this offer includes no pre-payment penalties or hidden charges.
Also, there will be no negative effect on credit score when checking rate from savewithprosper.com. All the details related to loan offer is available on savewithprosper.com
- One can apply for savewithprosper loan offer with 8-digit personal offer or confirmation code.
- Minimum loan is at amount of $2000 and one can burrow the loan up to amount of $40000.
- As offer for the applicants is pre-approved so it will require only an 8-digit confirmation code to get it confirmed within a few minutes.
- Among the various offers, 36 months loan offer is most popular and convenient. For example, $10,000 amount with an APR of 5.99% would include a 36-months tenure to pay back the burrowed amount with $302 per installment.
- Prosper offers fixed rate, unsecured loans (no indemnity involved) from $2,000 to $40,000. Loan terms of 3 and 5 years are available, depending upon Prosper Rating and loan amount. Along with attractive rates, these loans are offered with no penalties for paying off your loan early or for making partial prepayments.
- The loans are managed by WebBank. WebBank is a trustee member of FDIC and Utah-Chartered Bank.
Getting credit from savewithprosper
It requires only 3 simple steps to access credit from SaveWithProsper. Visit the www.prosper.com and get your status checked and opt for a loan.
- Check your Rate
This step will ask you 3 questions.
- How much amount you want to burrow? It can range from $2000 to $40,000.
- You will be then asked to choose your loan purpose. There can be multiple e.g. Debt consolidation, big purchase, vacation or medical purpose.
- You will need to enter name and address to complete the step.
- Checking your Loan.
Based on information entered in first step, you will be presented with multiple offers to choose from. The presented offers will include amount, duration, interest rate and APR. APR is Annual Percentage Rate which is annual rate charged for borrowing. It represents actual yearly cost of funds over the term of loan. Choose the offer considering all the factors which suit you best.
- Getting Funds
On basis of your entered information and chosen offer, your application will be evaluated and will eventually get approved with an approval text of getting funds from savewithprosper. The funds will be deposited directly to your bank account. Borrowers get entertained with credit within 5 days of accepting the loan offer.
One can always pay off loan early because it involves no pre-payment penalties.
- One can get acquaint with SaveWithProsper through its official website which is Savewithprosper.com. You can also check out all relevant details related to burrowing credit from SaveWithProsper.
- Savewithprosper offer a customer service to its customers at customer service agent at 1-(866)615-6319 (for borrowers only) or 1-(877)646-5922 (for investors only).
- Toll free number of savewithprosper for borrower is open from Monday to Friday (5am-6pm PST) and on Saturday from 6am-2:30pm PST.
- For investors, service is available from Monday to Friday (8am-5pm PST) and it remains CLOSED on Saturday.
- Any written query, suggestion or amount cheque can be mailed to Prosper Marketplace Inc P.O. Box 396081 San Francisco, CA 94139-6081