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Compare sites like Prosper

This peer-to-peer lender could get you up to $40,000 to consolidate your debt, start a business, improve your home and more.

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Editor's choice: Prosper personal loans

Prosper personal loans logo
  • Accepts DTI rates of up to 35.99%
  • Fair credit OK
  • No hard credit check for preapproval
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This peer-to-peer (p2p) lender offers investor-funded loans with a quick online application for a wide range of uses. APRs start low — though slightly higher than some of the competition — ranging from 7.95% to 35.99%. You can borrow between $2,000 and $40,000 with terms of 3 or 5 years. Typically it takes Up to five business days to get your loan.

Pros

  • Offers loans for a variety of purposes.
  • Low starting APRs.
  • Simple terms of 3 years or 5 years.
  • Fast turnaround for a p2p lender

Cons

  • Loans capped at $40,000.
  • Offers only two fixed term lengths.
  • Not available in Iowa, North Dakota, or West Virginia.

Looking for a lender with more flexible terms?

Alternative sites like Prosper

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lendingclub logo

1. LendingClub

Apply for an unsecured personal loan of up to $40,000 with LendingClub.

Pros

  • No prepayment penalties.
  • Lower starting rates: 10.68% to 35.89% APR
  • Loans as small as $1,000

Cons

  • Higher rates for poor credit borrowers.
  • Unavailable to Iowa and West Virginia residents.
  • Long turnaround: As little as 4 days
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2. SoFi

If you have a good to excellent credit score, SoFi can get you fast funding with low interest rates and no fees.

Pros

  • High maximum loan amount of $100,000.
  • Free credit counseling and unemployment protection.
  • No fees.

Cons

  • Strict eligibility requirements.
  • Not available in Mississippi.
  • Lower approval rate than other lenders.

NetCredit personal loans logo

3. NetCredit

NetCredit offers unsecured personal loans up $10,500 that could help you rebuild your credit, even if you have a low credit score.

Pros

  • Quick turnaround time with flexible repayments.
  • Fair credit OK.
  • No early repayment fees.

Cons

  • Higher APRS from 34% to 155%
  • Low maximum loan amount.
  • Loans available in 14 states only.
  • Stiff late fees could apply.

OneMain logo

4. OneMain Financial

In business for over a century, OneMain Financial provides secured and unsecured loans for a variety of purposes.

Pros

  • Offers both secured and unsecured loans.
  • Allows joint applications.

Cons

  • Higher starting APR: 18% to 35.99%.
  • Origination fees vary by state.
  • Low maximum loan amount.
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Avant personal loan logo

5. Avant

Avant offers personal loans with funds deposited into your account as soon as the business day after approval. Learn about similar online lenders.

Pros

  • Quick approval and funding.
  • Pay no fee for early repayment.
  • Reports to the three major credit bureaus to help build your credit.

Cons

  • Maximum loan amount varies by state.
  • May not be available in all states.
  • Potentially high origination fees if approved.
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Upstart logo

6. Upstart

This newer online lender considers things like your education and career path when considering you for its unsecured, fixed-rate loans.

Pros

  • Good for younger borrowers with limited credit history.
  • Offers a variety of loans with one simple application.
  • Pay no fees for early repayment.

Cons

  • High origination fees of up to 8% rolled into loan.
  • Slightly higher starting APR: 8.13% to 35.99%
  • Additional fees for paper copy requests and late payments.
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See how other top providers compare to different lenders by checking out A-to-Z directory.

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