Compare sites like Prosper

SoFi is an online lender that offers some of the lowest rates out there starting at 5.99% APR. It started as a P2P platform like Prosper, but now it funds its own loans, which range from $5,000 to $100,000. Because it's no longer a P2P platform, it doesn't rely on origination fees to make money. In fact, there are no fees at all. If you qualify, you can also take advantage of member perks like career coaching and financial advice. But you'll need to meet its strict requirements, which include a 680 minimum credit score.

LendingClub might be the closest alternative to Prosper. It's a P2P platform that offers a slightly wider range of loans, from $1,000 to $40,000 with the same credit score requirements. But rates start higher, at 8.05%. And while LendingClub's origination fee of 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.

Peerform is another P2P lender that accepts credit scores as low as 600. It offers a lower range of rates than Prosper, which run from 5.99% to 29.99%. It also offers slightly lower origination fees than Prosper, which range from 1% to 5%. But you can only borrow between $4,000 and $25,000, which might not fit the needs of all borrowers.

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. You only need a 600 credit score to qualify. Its rates are similar to Prosper, running from 7.68% to 35.99% — and you can borrow between $1,000 and $50,000. But origination fees range from 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.

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 600, you need to have at least $1,000 in income after bills each month. Rates start slightly lower than Prosper, ranging from 5.94% to 35.97% APR. But it also charges a higher origination fee, which runs from and only has the option of three- and five-year loan terms.