Prosper Personal Loans Review 2022 – Forbes Advisor

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Prosper Personal Loans compare to other popular lenders:

Thrive Vs. SoFi

SoFi offers loans ranging from $5,000 to $100,000, making it a good option for borrowers who need more money than is available through Prosper. SoFi Personal Loans also offer competitive APRs starting at around 6% with autopay and increasing to around 20%, well below Prosper. SoFi also does not charge set-up fees, prepayment penalties, or late fees.

Related: SoFi Personal Loans Review

Thrive Vs. LightStream

Personal loans offered by LightStream range from $5,000 to $100,000, twice the maximum loan amount available from Prosper, depending on the purpose of the loan. LightStream APRs are also much more competitive, starting below 3% for eligible autopay loan types and peaking at around 20%, depending on your loan purpose and creditworthiness.

Additionally, repayment terms for LightStream loans are more flexible than those available to Prosper borrowers and range from just two to 12 years, depending on the purpose of your loan. Borrowers also do not pay origination fees or prepayment penalties.

Related: LightStream Personal Loans Review

Thrive Vs. Improve

Upgrade personal loans are available from $1,000 to $50,000, similar to the loan amounts offered by Prosper. Upgrade APRs are also comparable to those available through Prosper and range from around 6% to around 36%. That said, Upgrade offers a much wider range of loan terms than Prosper (24 to 84 months) and a minimum required credit score of just below 580.

Related: Personal Loans Review Upgrade

Comments are closed.