Best Reviews TopConsumerReviews.com Best Personal Loans Best Reviews
Best Reviews
      August 20, 2019

Home  >  Personal Loans  >  Prosper vs Personal Loans

Best

Personal Loans

  1. LendingTree
  2. SoFi
  3. 100 Lenders
  4. Avant
  5. Money Lion
  6. Prosper
  7. NetCredit
  8. Upstart
  9. Personal Loans
  10. OneMain Financial
  11. LifeLoans
  12. Better Loans Mutual

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

Cruise Vacations

Cellulite

Irritable Bowel Syndrome

Keto Diets

Online Fitness

Personal Trainers

Pet Meds

Popular Diets

Printer Ink

Wedding Planning Guides

 

Individual Reviews

LendingClub

LendingTree

SoFi

100 Lenders

Avant

Money Lion

Prosper

NetCredit

Upstart

Personal Loans

OneMain Financial

LifeLoans

Better Loans Mutual

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Prosper vs Personal Loans

Best Personal Loans

To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth comparison of Prosper and Personal Loans.

To see ALL of our reviews for the Best Personal Loans, please Click Here

Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.

Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.

Continue reading below reviews

Best Reviews

2019

Personal Loan Reviews

3.5 stars
Prosper

PROSPER Visit Site

Loan:

From $2,000 to $25,000

Prosper launched in 2006 and, as of late, has had over $300 million loans funded from private investors. This California based company currently holds a decent Better Business Bureau rating of B+.

Prosper is also a social lending network that brings together those that need a loan and those willing to lend money. The loan size must be between $2,000 and $25,000.

The current loan rates at Prosper range from 5.99 to 36%. The website is easy to navigate through the application process. The loan application process consists of the following steps:

  • Enter the amount you want to borrow, the purpose of the loan, and your credit score range
  • Input your name, address, income, and date of birth and social security
  • Prosper will verify your identify and pull your credit score. Prosper will also assign a loan rate based on your creditworthiness
  • Investors will begin funding your loan which you may view online
  • Once fully funded, Prosper will do a final verification of your identity
  • Funds are deposited into your bank account direct

Most loans are funded within an average of 8 business days. Prosper does charge a fee to facilitate the lending process. A fee between .5 and 4.95% is taken from the loan upfront before you receive payment.

Prosper provides a simple lending process and a website that's easy to navigate. Loan rates can range a little higher at Prosper but the associated loan fees, to cover credit checks and administrative costs, are slightly lower. If you are in the market for a loan from $2,000 to $25,000, Prosper is worth your consideration.

Visit Site

3.5 stars
Personal Loans

PERSONAL LOANS Visit Site

Loan:

From $1,000 to $35,000

Personal Loans works to connect their customers with a reputable, qualified lender that can help with their personal loan needs. Personal Loans provides access to peer to peer loans, personal installment loans, and personal bank loans for customers located in all U.S. States except North Dakota and Maine. For those seeking a loan between $1,000 and $35,000 this company provides a lot of flexibility to suit the needs of many. Unfortunately we were unable to verify the current Better Business Bureau score of Personal Loans.

Personal Loans does require all customers be at least 18 years old, have a social security number, and be a legal U.S. citizen or permanent resident. Additional requirements include full time employment, self-employment or the receipt of Social Security benefits and/or disability. Customers are more likely to be accepted for a personal loan if they have a credit score of at least 580 or greater and a decent payment history.

The current loan rates through Personal Loans are not publicized due to the varying types of loans and number of lenders that are utilized. Requesting a loan at Personal Loans is rather straightforward:

  • Enter the amount you want to borrow, the purpose of the loan, and your credit score range
  • Input your name, address, income, date of birth, driver's license number and bank account information
  • Personal Loans will verify your identity and creditworthiness and pass on your information to lender partners
  • If a lender is interested in working with you, you'll be immediately directed online to their loan terms which you may choose to accept or deny.
  • The personal loan will be paid directly to your bank account within 1 to 5 business days.

Personal Loans does not charge you, the customer, for the lender connecting process. Any related fees are accessed directly to their lender partners. The website is informative and easy to navigate with the option to email or call if questions occur.

The benefits of working with Personal Loans is the variety of loan options, the quick approval process and the payment turnaround. Despite finding several positive customer reviews online we would have liked to have validated their BBB rating and found more history on the company to feel more confident. However, if you're looking for a personal loan, Personal Loans may be worth looking into when flexibility and speed are important.

Visit Site

Continued from above

No matter where you borrow money from, before you get your next personal loan you should consider the following:

  • BBB rating. Does the lending company have a solid history of doing good business with its customers?
  • Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
  • Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?

TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!

How to use a personal loan to pay off your credit cards

Learn how to use a personal loan to pay off your credit cards and get yourself out of crippling debt faster.

Published:  Sat, 17 Aug 2019 07:52:00 GMT



Rejected for a personal loan? Here's how to recover

Getting rejected for a personal loan can feel like a punch to the gut. It's easy to get discouraged, especially if it delays plans to consolidate debt or renovate your home. Instead of taking the ...

Published:  Wed, 14 Aug 2019 04:07:00 GMT



What Can I Use My Personal Loan For?

Personal loans are flexible, versatile loans that can be used for many purposes, such as funding medical costs, repaying debts, paying for big purchases, or paying for your wedding. But, while lenders ...

Published:  Wed, 14 Aug 2019 08:15:00 GMT



Can You Use a Personal Loan for a Down Payment?

Having a decent down payment on a house can reduce how much you need to borrow and the interest you'll pay on the mortgage. It can also potentially qualify you for a lower interest rate.

Published:  Wed, 14 Aug 2019 17:00:00 GMT



Inc. 5000: Atlanta-based personal loan agency is 17th fastest-growing company

Inc., a weekly magazine dedicated to small businesses and startups, has ranked personal loan agency LendingPoint LLC at No. 17 on its list of the 5,000 fastest-growing private companies in the U.S.

Published:  Wed, 14 Aug 2019 11:27:00 GMT



Buying a new car: Car finance or personal loan?

However, the traditional unsecured personal loan that you can get from any bank or building society or lender - provided you have a good credit rating - has certain advantages when financing a car ...

Published:  Tue, 13 Aug 2019 23:42:52 GMT



Personal loan or a balance transfer: Which is right for me?

A personal loan or a balance transfer credit card? You're probably thinking the answer is obvious. After all, you have to pay interest on a personal loan and balance transfer plastic comes with ...

Published:  Fri, 16 Aug 2019 03:06:00 GMT



HSBC launched a digital lending platform for online personal loans

HSBC USA launched a digital lending platform that streamlines online personal loan applications - driving banks to revisit their own loan offerings.

Published:  Wed, 14 Aug 2019 08:49:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure