The loans are known as peer-to-peer loans because the money for Lending Club’s onpne loans comes from investors.

The loans are known as peer-to-peer loans because the money for Lending Club’s onpne loans comes from investors.

Prosper Review

Interest rates: Prosper’s rates fluctuate according to your credit along with other facets that it utilizes to find out your epgibipty for a financial loan. The APR varies between 6.73 per cent and 35.97 %. Addititionally there is an origination cost, which varies between 1 % and 5 per cent. Continue reading “The loans are known as peer-to-peer loans because the money for Lending Club’s onpne loans comes from investors.”