 TITLE: Personal Loans | Get an Online Loan with Low Interest | Prosper CONTENT: Common questions about personal loans\n-------------------------------------\nFind answers to our community’s questions below, or visit our Help Center to learn more.\nWhat is a personal loan?\nA personal loan is money borrowed from a lender that you pay back in fixed monthly payments. Borrowers can pay back Prosper personal loans in 3 or 5 year terms.3\nPersonal loans through Prosper are unsecured, meaning they're not backed by collateral like your home. Instead, our partner, WebBank, issues personal loans based on creditworthiness.\nProsper borrowers can use their personal loan for a variety of expenses. Some choose to use their loan for home repairs or debt consolidation, while others use it to fund big purchases.\nHow do I get a personal loan?\nUse our tool to check your rate and see what personal loan offers you may be eligible for. Checking your rate won't affect your credit score. Review your offers and choose the loan terms that work best for you. Once you accept an offer, you’ll receive your money as soon as 1 business day after completing the necessary requirements.1\nIf you’re applying by yourself, you can also call us at 1-(866)-615-6319 to apply for a personal loan by phone. If you’re applying with another person, follow the steps above.\nWill I have to pay any fees on a personal loan through Prosper?\nFor a full overview of fees associated with a personal loan through Prosper, visit our Help Center.\nAs explained in our Help Center article, your loan may be subject to 4 types of fees:\n1.  Origination Fee\n2.  Check Payment Fee\n3.  Late Fee\n4.  Insufficient Funds Fee\nYou can also refer to your Borrower Registration Agreement and Promissory Note (stored in your online account) for more details about fees.\nWhat if I don’t qualify for a personal loan?\nWebBank issues personal loans based on creditworthiness. Borrowers who accept a personal loan through must have a credit score of 640 or higher to qualify for a loan.\nIf you don't qualify for a personal loan with Prosper, consider applying with a co-applicant. This could improve your chances of getting an offer. Plus, it might lower your rate. Your co-applicant should be someone you trust with strong credit and a steady job.\nWhat is a personal loan?\nHow do I get a personal loan?\nWill I have to pay any fees on a personal loan through Prosper?\nWhat if I don’t qualify for a personal loan?\nA personal loan is money borrowed from a lender that you pay back in fixed monthly payments. Borrowers can pay back Prosper personal loans in 3 or 5 year terms.3\nPersonal loans through Prosper are unsecured, meaning they're not backed by collateral like your home. Instead, our partner, WebBank, issues personal loans based on creditworthiness.\nProsper borrowers can use their personal loan for a variety of expenses. Some choose to use their loan for home repairs or debt consolidation, while others use it to fund big purchases.\nUse our tool to check your rate and see what personal loan offers you may be eligible for. Checking your rate won't affect your credit score. Review your offers and choose the loan terms that work best for you. Once you accept an offer, you’ll receive your money as soon as 1 business day after completing the necessary requirements.1\nIf you’re applying by yourself, you can also call us at 1-(866)-615-6319 to apply for a personal loan by phone. If you’re applying with another person, follow the steps above.\nFor a full overview of fees associated with a personal loan through Prosper, visit our Help Center.\nAs explained in our Help Center article, your loan may be subject to 4 types of fees:\n1.  Origination Fee\n2.  Check Payment Fee\n3.  Late Fee\n4.  Insufficient Funds Fee\nYou can also refer to your Borrower Registration Agreement and Promissory Note (stored in your online account) for more details about fees.\nWebBank issues personal loans based on creditworthiness. Borrowers who accept a personal loan through must have a credit score of 640 or higher to qualify for a loan.\nIf you don't qualify for a personal loan with Prosper, consider applying with a co-applicant. This could improve your chances of getting an offer. Plus, it might lower your rate. Your co-applicant should be someone you trust with strong credit and a steady job. END