How It Works

Step 1

Applicants visit to begin the loan application process

Step 2

Applicants choose a loan amount and fill out an initial application to check eligibility & rate.

Step 3

Applicants receive notification on eligibility decision.

Step 4

Qualified applicants receive an offer based on application information.

Step 5

Qualified applicants select an offer.

Step 6

Qualified applicants are then asked to provide additional information to finalize and verify their application.

Step 7

Finalized applications will generate a request for a loan

Step 8

Once the listing is active on Prosper, investors can commit funds to applicants' loan.

Step 9

When applicant's loan is funded and verified, the funds will be deposited in their bank account.