PROSPER AUTO LOAN
Prosper Auto Loan (Auto Loan)
        
Prosper is America's leading social lending marketplace. They are the market leader in peer-to-peer lending—a popular alternative to traditional loans & investing options. They connect people who want to invest money with people who want to borrow money. Their members have invested over $400,000,000 in thousands of people just like you. Post your loan request and watch as dozens of Prosper members invest together to get you the money you need. Prosper allows people to invest in each other in a way that is financially and socially rewarding.
Location: USA
Lender/Broker: Broker
Advantages:
1. APRs by Prosper Rating range start at 6.59% (AA)
2. Repeat borrowers may qualify for discounted rates.
3. It's Simple to Apply for a Personal Loan: Give us some basic information about yourself, check your rates and review your loan options and once lenders invest in your loan, money is deposited directly into your bank account.
4. Loans Through Prosper are Unsecured - No Collateral Required
5. You Can Use Your Loan for Almost Any Purpose: Debt Consolidation, Home Improvement, Personal Loans for Business Use, Auto and Vehicle Loans, Short term and Bridge Loans, Green Loans - see website for full list.
6. If accepted - Your monthly loan payments are fixed and will be automatically deducted from your bank account. There are no hidden fees or prepayment penalties, and your loan’s interest rate will never change.
7. The Prosper community does not require "perfect credit." If you have an average to an above average credit rating, one way to expedite your loan funding is to ask another Prosper member (especially a lender) to endorse you
8. Prosper is America's leading online destination for borrowing money and investing in loans. Join the over 1,320,000 members with over $335,000,000 in loans funded.
Disadvantages:
1. APRs by Prosper Rating can be as high as 35.84% (E) for first time borrowers.
2. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan.
3. Most lenders will look at your credit history, and Prosper lenders are no exception. If you are sure you have bad credit, you may want to consider improving it before you apply. If you are not sure of your credit score, we can help you find out now, for free, with no obligation.
Services:
Prosper is the market leader in peer-to-peer lending—a popular alternative to traditional loans and investing options. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!

APR: From 6.59%Loan Amount: $2000 to $25000
Min Term: 1 yearMax Term: 5 years

Secured Loan: NoUnsecured Loan: Yes

Terms and Conditions:
See website for details
Identification:
Initially Social Security number, employment and residential details
Suitable:
For those with an average to good credit rating seeking an unsecured loan
Restrictions:
To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions.
        
REVIEWS
Prosper Auto Loan (Which Way To Pay USA - 13/1/2014)
Prosper Auto Loan is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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