Prosper
US online lending marketplace for personal loans, home equity lines and a credit card.
Updated · AppBreakup editorial · Web
Is Prosper free?
No, it's a paid product
2 alternatives with a free optionSwitch from Prosper to
All 4
Credit KarmaFree
BankrateFree
- Verified facts
- 5 of 5
- Alternatives ranked
- 4
- Approved reviews
- 0
- Visits sent from here
- 0
About Prosper
Prosper launched in 2005 as the first peer-to-peer lending platform in the US and now runs an online marketplace for unsecured personal loans, funded through its partner bank and investors. Borrowers check their rate without affecting their credit score, then choose a loan from $2,000 to $50,000 with a term of two to six years; funds can arrive as soon as the next business day and there is never a prepayment penalty. Rates depend on credit and include an origination fee, with the top of the APR range in the mid-30s. Beyond personal loans, Prosper offers home equity lines of credit, the Prosper Card credit card and joint applications. It has funded tens of billions of dollars in personal loans and says it has helped millions of customers. Prosper suits US borrowers consolidating debt or covering a one-off expense who want a fixed payment schedule; borrowers with excellent credit may find lower rates at banks or credit unions.
Best for: US borrowers who want a fixed-rate personal loan for debt consolidation or a one-off expense.
Prosper pricing (checked Nov 8, 2026)
Each line is quoted from Prosper's own site, with the page it came from.
| Plan or term | What it says | Checked | Source |
|---|---|---|---|
| Loan amounts | $2,000–$50,000 | Nov 8, 2026 | prosper.com |
Pros and cons
What works
- Rate check doesn't affect your credit score
- No prepayment penalty on personal loans
- Funding as soon as the next business day
- Joint applications and home equity lines also available
Why people leave
- Origination fees go up to 9.99% of the loan
- Maximum personal loan is $50,000, lower than some rivals
- APRs reach 35.99% for weaker credit profiles
Prosper vs LendingClub (now Happen Bank), Credit Karma and Bankrate
From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.
| Attribute | Prosper | LendingClub (now Happen Bank) | Credit Karma | Bankrate |
|---|---|---|---|---|
| Pricing | Paid | Paid | Free | Free |
| Verified price | — | — | — | — |
| Free plan | No | No | Free app | Free app |
| Open source | No | No | No | No |
| Self-hostable | No | No | No | No |
| Platforms | Web | Web, iOS, Android | Web, iOS, Android | Web |
Top Prosper alternatives
See all 4- 1LendingClub (now Happen Bank)68.8
Larger loan amounts (up to $75,000) and direct payment to card issuers for balance transfers.
- 2Credit Karma54.4
See personal loan offers from several lenders alongside your free credit score before you apply.
- 3Bankrate52.6
Compare personal loan rates and fees across many lenders in one place.
- 4
Best Egg42.3Comparable fixed-rate personal loans, plus a secured option that can lower the rate for homeowners.
Why people left Prosper
In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.
No switching stories yet. If you moved away from Prosper, review the app you switched to and tell us why.
Reviews
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Prosper: common questions
What is Prosper?
Prosper: US online lending marketplace for personal loans, home equity lines and a credit card. Best for US borrowers who want a fixed-rate personal loan for debt consolidation or a one-off expense. Available for Web.
Is Prosper free?
No, Prosper is a paid product.
How much does Prosper cost?
Prosper is a paid product. Loan amounts: $2,000–$50,000. Checked on Prosper's own site, November 2026.
Is Prosper open source?
No, Prosper is not open source.
What platforms does Prosper run on?
Prosper is available for Web.
What are the best alternatives to Prosper?
The highest-ranked Prosper alternatives right now are LendingClub (now Happen Bank), Credit Karma and Bankrate. See the full ranked list for pricing, platforms and verified facts.
Prosper vs LendingClub (now Happen Bank): what's the difference?
Both Prosper and LendingClub (now Happen Bank) are paid products. Only LendingClub (now Happen Bank) runs on iOS and Android.