8 Loan Companies Like Prosper: Competitors & Alternatives for 2026

LightStream is a direct online lender that offers some of the most competitive rates on the market. And if you get a better offer, they might beat that rate by 0.1%, as long as that offer meets certain conditions. It also offers a wider range of loan amounts than Prosper, and there's no origination fee. But it's also one of the most difficult lenders to qualify with — and there's no option to check your rate without affecting your credit. Save this for when you have few debts and near-perfect credit.

• Not available in: Iowa, West Virginia

• Why we like it

  LightStream is a direct online lender that offers some of the most competitive rates on the market. And if you get a better offer, they might beat that rate by 0.1%, as long as that offer meets certain conditions. It also offers a wider range of loan amounts than Prosper, and there's no origination fee. But it's also one of the most difficult lenders to qualify with — and there's no option to check your rate without affecting your credit. Save this for when you have few debts and near-perfect credit.

• Pros and cons

  Pros

  • Low rates
  • No fees
  • Same-day funding available

  Cons

  • High minimum loan amount of $5,000
  • Higher minimum credit score than Prosper
  • No prequalification

• More details

  Loan amount	$5,000 to $100,000
  APR	Varies by loan purpose
  Interest Rate Type	Fixed
  Min. credit score	Good to excellent credit
  Turnaround Time	As soon as same day
  Loan Term	Up to 20 years for home improvement; 2–7 years for most other purposes

• Partner terms and conditions

  Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. At least 27% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 10/01/2024 to 12/31/2024. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
  
  Payment example: Monthly payments for a $25,000 loan at 6.49% APR with a term of 3 years would result in 36 monthly payments of $766.11.
  
  Maximum APR for a LightStream loan is 25.79%. Loan terms range from 24 - 240 months depending on the loan type.

• Available in all states

• Why we like it

  SoFi® started as a P2P platform like Prosper, but now it funds its own loans, which range from $5,000 to $100,000. If you qualify, you can also take advantage of member perks like networking events and financial advice. But you'll need to meet its strict requirements, which include a 680 minimum credit score.

• Pros and cons

  Pros

  • Low fixed and variable rates
  • Member perks
  • Checking your rates won't affect your credit score

  Cons

  • High minimum loan amount of $5,000
  • Higher minimum credit score than Prosper

• More details

  Loan amount	$5,000 to $100,000
  APR	6.99% to 35.49% with autopay and member discounts (0.25% each)
  Interest Rate Type	Fixed
  Min. credit score	680
  Turnaround Time	Same day (if approved and signed by 5:30 p.m. ET)
  Loan Term	2 to 7 years

• Partner terms and conditions

  Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2025 was around $32K. Information current as of 07/20/26. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.
  
  Fixed rates from 6.99% APR to 35.49% APR. APR reflect the 0.25% autopay interest rate discount and a 0.25% member rate discount.
  
  SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, operating from its Delaware branch, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 07/20/26 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.
  
  Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan
  proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
  
  Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
  
  Member Rate Discount: To be eligible for an additional 0.25% interest rate reduction on a Personal Loan, you must, within 31 days of loan funding, either (1) meet SoFi Plus eligibility criteria, (2) receive an Eligible Direct Deposit into a SoFi Checking or Savings account, or (3) receive at least $5,000 in Qualifying Deposits into a SoFi Checking or Savings account. You must continue to meet at least one of the above eligibility criteria every 31 days to maintain the discount. See the SoFi Plus terms for details on SoFi Plus subscription. For more details on Eligible Direct Deposit or Qualifying Deposits, please see https://www.sofi.com/legal/banking-rate-sheet.
  
  Once you become eligible during the initial period, the discount will be removed or reinstated depending on whether the criteria have been met. Each time your loan is re-amortized, your monthly payment amount will change based upon the interest rate that was in place. SoFi reserves the right to modify or terminate this offer at any time for unenrolled participants. You are not required to meet these criteria to be approved for a loan.
  
  Direct deposit. To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

LendingClub might be the closest alternative to Prosper. But unlike Prosper, LendingClub sends your funds directly to your creditors if you take out the loan to consolidate debt. It was Prosper's main competitor when it was a P2P platform, offering a slightly wider range of loans, from $1,000 to $75,000, with similar credit score requirements. But rates start higher, at 5.96%. And while LendingClub's origination fee starts lower than Prosper, it ends higher. But unless you can qualify for the lowest rates available, these providers are similar enough that it may be worth prequalifying with both before you make a decision.

• Available in all states

• Why we like it

  LendingClub might be the closest alternative to Prosper. But unlike Prosper, LendingClub sends your funds directly to your creditors if you take out the loan to consolidate debt. It was Prosper's main competitor when it was a P2P platform, offering a slightly wider range of loans, from $1,000 to $75,000, with similar credit score requirements. But rates start higher, at 5.96%. And while LendingClub's origination fee starts lower than Prosper, it ends higher. But unless you can qualify for the lowest rates available, these providers are similar enough that it may be worth prequalifying with both before you make a decision.

• Pros and cons

  Pros

  • Loans start at $1,000
  • Receive money fast upon approval

  Cons

  • Higher max origination fee than Prosper
  • Turnaround of at least four days

• More details

  Loan amount	$1,000 to $75,000
  APR	5.96% APR to 35.96%
  Interest Rate Type	Fixed
  Min. credit score	600
  Turnaround Time	As little as 24 hours after approval
  Loan Term	24–72 months

Upstart is an online lender that specializes in funding fair-credit borrowers who haven't had a chance to build a strong credit profile. It considers factors like your level of education and career to help you qualify for a loan and may be a good alternative to Prosper if you're new to the workforce. Its rates are similar to Prosper, running from 6.3% to 35.99% — and you can borrow between $1,000 and $75,000. But origination fees range from 0% to 12% and it also only offers two loan terms of three or five years. Upstart also only considers individual income when you apply, not household income.

• Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia

• Why we like it

  Upstart is an online lender that specializes in funding fair-credit borrowers who haven't had a chance to build a strong credit profile. It considers factors like your level of education and career to help you qualify for a loan and may be a good alternative to Prosper if you're new to the workforce. Its rates are similar to Prosper, running from 6.3% to 35.99% — and you can borrow between $1,000 and $75,000. But origination fees range from 0% to 12% and it also only offers two loan terms of three or five years. Upstart also only considers individual income when you apply, not household income.

• Pros and cons

  Pros

  • No credit score requirement
  • Similar APR to Prosper
  • Rates factor in education and career

  Cons

  • Potentially high origination fee
  • Only considers individual income

• More details

  Loan amount	$1,000 to $75,000
  APR	6.30%–35.99% (includes any origination fee)
  Interest Rate Type	Fixed
  Min. credit score	300
  Turnaround Time	As soon as the next business day
  Loan Term	3 or 5 years

Upgrade is an online lender that focuses on cash flow instead of your personal credit score, making it a good option if you have few debt payments and monthly bills. While you can qualify with a credit score as low as 580, you need at least $1,000 in income after monthly bills. Rates start slightly lower than Prosper, ranging from 7.74% to 35.99% APR. But it also charges a higher origination fee, which runs from and only has the option of three- and five-year loan terms.

• Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia

• Why we like it

  Upgrade is an online lender that focuses on cash flow instead of your personal credit score, making it a good option if you have few debt payments and monthly bills. While you can qualify with a credit score as low as 580, you need at least $1,000 in income after monthly bills. Rates start slightly lower than Prosper, ranging from 7.74% to 35.99% APR. But it also charges a higher origination fee, which runs from and only has the option of three- and five-year loan terms.

• Pros and cons

  Pros

  • Considers cash flow over credit score
  • Accepts fair credit
  • Accepts coapplicants

  Cons

  • Requires $1,000 in monthly cash flow
  • Only offers two loan terms
  • Higher origination fee than Prosper

• More details

  Loan amount	$1,000 to $50,000
  APR	7.74% to 35.99% (includes origination fee)
  Interest Rate Type	Fixed
  Min. credit score	580
  Turnaround Time	1 to 4 business days
  Loan Term	2 to 7 years

• Partner terms and conditions

  Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.

Unlike many other lenders, Avant accepts self-employment income and less-than-perfect credit. To qualify, you need a credit score of at least 550, whereas most other lenders require upwards of 600 to 670 minimum. While Avant is more flexible with credit scores and employment history, it has high rates between 9.95% to 35.99% — so if you have a higher credit score, you may be able to find lower rates elsewhere.

• Not available in: Iowa, Kentucky, Massachusetts, Michigan, Montana, Virginia, West Virginia

• Why we like it

  Unlike many other lenders, Avant accepts self-employment income and less-than-perfect credit. To qualify, you need a credit score of at least 550, whereas most other lenders require upwards of 600 to 670 minimum. While Avant is more flexible with credit scores and employment history, it has high rates between 9.95% to 35.99% — so if you have a higher credit score, you may be able to find lower rates elsewhere.

• Pros and cons

  Pros

  • Accepts self-employment
  • Low credit score requirement
  • Soft credit pull for preapproval

  Cons

  • High volume of BBB complaints
  • High rates
  • Max loan amount of $35,000

• More details

  Loan amount	$2,000 to $35,000
  APR	9.95% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	550
  Turnaround Time	As soon as the next business day
  Loan Term	24 to 60 months

• Partner terms and conditions

  Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.

Achieve (formerly FreedomPlus) is an online lender that accepts fair credit scores of 640 but charges similar interest rates as Prosper. If you apply with a co-applicant, you have a better chance of qualifying for a loan with up to a 5.5% discount. You can also qualify for a discount of up to 6% if you use the loan to send most of the funds directly to your creditors for debt consolidation. But it's not available in every state and charges an origination fee.

• Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington

• Why we like it

  Achieve (formerly FreedomPlus) is an online lender that accepts fair credit scores of 640 but charges similar interest rates as Prosper. If you apply with a co-applicant, you have a better chance of qualifying for a loan with up to a 5.5% discount. You can also qualify for a discount of up to 6% if you use the loan to send most of the funds directly to your creditors for debt consolidation. But it's not available in every state and charges an origination fee.

• Pros and cons

  Pros

  • Lower credit score requirement than Prosper
  • Rate discount for joint applicants
  • Rate discount for debt consolidation

  Cons

  • Origination fee of 1.99% to 8.99%
  • Limited state availability

• More details

  Loan amount	$5,000 to $50,000
  APR	6.25% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	640
  Turnaround Time	As soon as same business day
  Loan Term	24 to 60 months

PenFed Credit Union offers personal loans with lower interest rates than most, ranging from 7.99% to 17.99%. Although PenFed requires a history of good credit history to qualify, you can improve your eligibility for a loan if you apply with a co-borrower. It runs a hard credit check to apply though, which means you can't get a preview of your rates and terms before actually applying and affecting your credit. PenFed Union has an “Excellent” rating on TrustPilot, which means customers are generally happy with their experience.

• Available in all states

• Why we like it

  PenFed Credit Union offers personal loans with lower interest rates than most, ranging from 7.99% to 17.99%. Although PenFed requires a history of good credit history to qualify, you can improve your eligibility for a loan if you apply with a co-borrower. It runs a hard credit check to apply though, which means you can't get a preview of your rates and terms before actually applying and affecting your credit. PenFed Union has an “Excellent” rating on TrustPilot, which means customers are generally happy with their experience.

• Pros and cons

  Pros

  • Low interest rates
  • No origination fees
  • Excellent rating on Trustpilot

  Cons

  • High credit score requirement
  • May require a full credit report inquiry

• More details

  Loan amount	$600 to $50,000
  APR	6.74% to 17.99%
  Interest Rate Type	Fixed
  Min. credit score	580
  Turnaround Time	As soon as the next business day
  Loan Term	1 to 5 years