Prosper (prosper) is the first P2P lending platform in the United States when it launched in 2006. It allows you to invest a various range of personal loans. Investors can invest based on different risk ratings or let the platform invest for you using the auto-invest tool.

Prosper Debt Consolidation Loan Review

Listed below are the reasons for investing in Prosper:

  • requires a minimum deposit of $25 (non-accredited investors)
  • earns an average 5.1% returns for Prosper loans.
  • provides info regarding the seven loan grades called Prosper Ratings: AA, A, B, C, D, E and HR where AA is the lowest risk to HR which is the highest risk.
  • provides info regarding Prosper Score ranging from 1 to 11.
  • offers 3 or 5 year investment terms. For 3-year term, rates start at 5.99% for AA loan to 31.72% for HR loan.
  • provides very detailed borrower loan profile.
  • provides good search filters which allow investors to find loans that meet their exact criteria.
  • provides a borrower previous Prosper loan history.

To summarize, Prosper is the most popular and the best peer to peer lending platform for investors.

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