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  • What is the loan review process? How long does it take?
  • What if my listing ends without being funded?
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  • What is the difference between Interest Rate and APR?
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  • What does it mean for a loan to be charged-off?
  • Can I turn off the automatic ACH payment?
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  • What are the steps in the application process for PHL?
  • Who is eligible for a loan through PHL?
  • How can I apply for a loan through PHL?
  • What is PHL?
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*For example, a three year $10,000 loan with a rate of 5.99% APR would have 36 scheduled monthly payments of $302. A five year $10,000 loan with a rate of 9.68% APR would have 60 scheduled monthly payments of $201. Annual percentage rates (APRs) through Prosper range from 5.99% APR (AA) to 36.00% APR (HR) for first-time borrowers, with the lowest rates for the most creditworthy borrowers. Eligibility is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All loans made by WebBank, a Utah-chartered industrial bank, member FDIC.

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Notes offered by Prospectus. Notes investors receive are dependent for payment on unsecured loans made to individual borrowers. Not FDIC-insured; investments may footer-legal-disclosure value; no Prosper or bank guarantee. Prosper does not verify all information provided by borrowers in listings. Investors should review the prospectus before investing.

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