Prosper Personal Loans Review 2025
Prosper is a well-known peer-to-peer (P2P) lending platform that connects borrowers with individual investors. It offers personal loans for various financial needs, such as debt consolidation, home improvements, medical expenses, and more. If you are considering applying for a Prosper personal loan, this detailed review will help you understand how Prosper loans work , what the eligibility requirements are, and the pros and cons of choosing this platform. How Does Prosper Loans Work? Unlike traditional banks, Prosper operates as a peer-to-peer lending marketplace. Instead of borrowing from a financial institution, borrowers receive funding from individual investors who are willing to lend money. Here’s how the process works: Application Process : Borrowers complete an online application where they provide personal, financial, and employment details. Pre-Qualification : Prosper allows applicants to check their rates with a soft credit inquiry, which does not impact their cre...