Prosper Loans: Phone App Availability And Functionality

Prosper, the first peer-to-peer lending marketplace in the United States, has a phone app that allows customers to manage their loans. The Prosper: Personal Loans App is available for download on the App Store and Google Play. Using the app, customers can log into their My Prosper Account securely with Touch ID or Face ID to make payments, set up automatic payments, and track loan progress. The app also allows users to estimate their loan amount, interest rates, and monthly payments without sharing their phone number or email address.

The Prosper: Personal Loans App is available on the App Store and Google Play

Prosper's app also allows users to keep track of automatic payments and make manual payments if needed. They can also opt to receive notifications on their phones. People interested in applying for an online loan through Prosper can use the app to estimate their loan amount, interest rates, and monthly payments without sharing their phone number or email address.

If they like the offer, they can submit an application in less than 5 minutes and get ready for next-day funding. The app also provides access to fixed-rate, low-interest personal loans from $2,000 to $50,000. The Annual Percentage Rate (APR) ranges from 8.99% to 35.99%, with the lowest rates for the most creditworthy borrowers.

The Prosper: Personal Loans App has received positive reviews on the App Store, with users highlighting the company's customer service and credit-building opportunities.

Customers can manage their loans and log in to their My Prosper Account securely

The Prosper: Personal Loans App allows customers to manage their loans and log in to their My Prosper Account securely. The app is available on the App Store and Google Play. Customers can log in using Touch ID or Face ID, and manage their loans with ease.

The app has several features that allow users to make payments, set up automatic payments, and track the progress of their loans. It also allows users to keep track of automatic payments and make manual payments if needed. Users can also opt to receive notifications on their phones.

The Prosper app also allows prospective borrowers to explore new loan options. They can estimate their loan amount, interest rates, and monthly payments without sharing their phone number or email address. If they like the offer, they can submit an application in less than 5 minutes and get ready for next-day funding.

The app also has security features such as Face Recognition and Fingerprint recognition to access the My Prosper Account. This allows users to forget about passwords and boost security.

It's possible to apply for an individual loan over the phone

Yes, it is possible to apply for an individual loan over the phone with Prosper. The company offers a variety of simple, fast, fair, and personalized financial tools and resources to support people's lives.

Prosper was founded in 2005 as the first peer-to-peer lending marketplace in the United States. In almost 20 years, Prosper has facilitated more than $28 billion in loans to over 2 million people.

Prosper offers borrowers with fair and good credit flexible loans for consolidating debt, funding home improvements, and more. The company provides personal loans with an annual percentage rate ("APR") ranging from 8.99% to 35.99%, terms between two and five years, and an origination fee from 1% to 9.99%.

Prosper has a user-friendly website and a mobile app available on the App Store and Google Play, which allows customers to manage their loans easily. The app enables users to log into their My Prosper Account securely with TouchID or FaceID to make payments, set up automatic payments, and track their loan progress.

Prospective borrowers can quickly and easily apply for a personal loan by providing basic personal and financial information. If you are applying by yourself, you can call Prosper at 866-615-6319 to apply for a personal loan by phone. However, it is important to note that joint loan applications cannot be submitted over the phone and must be done online through the Prosper website.

The app allows users to estimate their loan amount, interest rates, and monthly payments

The Prosper: Personal Loans App allows users to estimate their loan amount, interest rates, and monthly payments. This can be done in just two minutes, without sharing your phone number or email address. The app also allows users to submit a loan application in less than five minutes, and receive next-day funding if they meet the required conditions.

The app provides users with fixed-rate, low-interest personal loans ranging from $2,000 to $50,000. The annual percentage rate (APR) for these loans ranges from 8.99% to 35.99%, with the lowest rates offered to the most creditworthy borrowers. The loan term can be between two and five years, with an origination fee ranging from 1% to 9.99%.

For example, a three-year $10,000 personal loan with an interest rate of 9.38% and a 9.99% origination fee will result in a 16.74% APR. The borrower would receive $9,001 and make 36 scheduled monthly payments of $319.77. On the other hand, a five-year $10,000 personal loan with an interest rate of 11.14% and a 9.99% origination fee will result in a 15.84% APR. In this case, the borrower would again receive $9,001 and make 60 scheduled monthly payments of $218.12.

It is important to note that eligibility for a loan and the actual terms depend on various factors, including the information provided in the application, credit score, Prosper Rating, loan amount, loan term, employment and income details, credit usage, and history.

Customers can also set up automatic payments and track their loan's progress

The Prosper: Personal Loans App allows customers to manage their loans with ease. Customers can log into their My Prosper Account securely with TouchID, FaceID, or Face Recognition to make a payment, set up automatic payments, and track the progress of their loan. The app also allows customers to keep track of automatic payments and make manual payments if needed.

To set up automatic payments, customers can follow these steps:

• Log in to your My Prosper Account using your preferred secure method (TouchID, FaceID, or Face Recognition).
• Navigate to the "Payments" or "Loan Management" section of the app.
• Select the option to set up automatic payments.
• Follow the prompts to choose the payment amount, frequency, and start date.
• Review and confirm your selections.

Once automatic payments have been set up, customers can track the progress of their loans by regularly reviewing the following information in the app:

• Current loan balance: This will show how much of the principal amount has been paid off and how much remains.
• Payment history: The app will display a record of all payments made, including both automatic and manual payments.
• Interest paid: Customers can track how much interest they have paid over time, as this contributes to the overall cost of the loan.
• Loan term progress: The app may display a loan amortization schedule, showing how much of the loan term has passed and how much remains.
• Upcoming payments: Customers can view and manage any upcoming automatic payments, including the date and amount of each payment.

By utilising the automatic payment and loan tracking features of the Prosper: Personal Loans App, customers can conveniently manage their loan obligations and stay informed about their financial progress.

Frequently asked questions