www.myprospercash.com – Prosper Cash – A perfect place to seek for personal loan
Finance
Prosper Cash was the first financial organization to provide peer to peer lending marketplace in the United States. It was established in the year 2005. Over the years more than $12 billion loans have been processed to over 770,000 borrowers. Prosper Market place is a lending organization backed by eminent establishments like Francisco Partners, Credit Suisse NEXT Fund, Institutional Venture Partners and Sequoia Capital.
Prosper Cash enables opine applications for prospective borrowers. Borrowers can apply for a fixed term, fixed-rate loan between $2000 and $40,000.
Conditions of the loan disbursement
Prosper Cash issues low-interest personal loans on the following grounds.
- Debt Consolidation.
- Home Improvements.
- Dental and Health Welfare.
- Big Purchase.
- Automobile /Motor loans.
- Household expenditure.
- Special Occasions.
- Vacation.
- Taxes.
- Baby and adoption
- Business.
And many more! People are opting for Prosper Cash for its flexibility in loan policy.
Eligibility Criteria
The simple requirements that can make you eligible to apply for the loan from Prosper Cash are:
- The applicant must be a legal resident of the USA.
- The applicant must be at least 18 years old or more.
- The applicant should have a great credit score.
- The applicant must have a regular income pattern.
In some cases, a person with a good debt repayment record and a satisfactory financial transaction may receive mailer form Prosper Cash. Mailer is sent via mail or email. A confirmation code will be printed which will assist the prospective applicant to apply for a loan easily. However, confirmation code itself is not a confirmation. Code receivers still have to go through the application process to get the suitable loan plans for them and apply.
Therefore, if you do not receive the confirmation code, still you can apply for the loan and get it credited. Confirmation code and processing of the loan is mostly unrelated. Mailers are sent as a promotional reminder. Code or not, if approved, the loan will be processed instantly. It may take 5-7 days to credit in your account depending on your bank.
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Loan application-Step by step
It’s simple to check for the tailor-made loans and apply for the loan. To apply:
- On receiving confirmation code you can directly visit www.prosper.com/personal-loans/save-with-prosper.
- Enter 8 digit confirmation code printed at the top right corner of the mailers.
- Click Continue.
- In case, you do not receive confirmation, click on Continue without a confirmation no.
- Enter your desired loan amount you wish to apply for. (Between $2000 and $40,000).
- Click on Continue.
- Select the grounds for which you wish to apply a loan for. (Refer above to read the grounds of getting the loan.).
- Click Continue.
- Select if you wish to apply for individual loans or joint loans with another person. (Immediate family members will be given preference. For joint loans, both will be responsible for the loan prepayment and both must be present during application)
- Click Continue.
- Enter the following info:
- First Name.
- Last Name.
- Date of birth(mm/dd/yyyy)
- Email Address.
- Full Address.
- Next, entre the income details. Specify your employment status if you are doing business, employed or retired.
- Enter the bank details for the loan crediting the loan.
- Entre Social Security Number.
- Click
- Based on the information entered, Prosper Cash will display the best loan offers suitable according to your requirement, income, and bank transaction history.
- Loan amount with the tenure, rate of interest and amount of interest will be displayed categorically.
- Click on Select to choose one of them.
- Your loan will be processed instantly and will be credited to your account via direct deposit.
Additional Info about Prosper Cash Loan
- Funds will be directly deposited to your bank account entered during application. Make sure to enter the correct credentials.
- After credit loans, it is your wish how to spend the amount. You can refer to the grounds of loan disbursement above to check how you can utilize it.
- Based on the information provided, loan rates will be generated. In the case of a joint application, information of both the applicant will be taken into account together to show suitable rates.
- Prosper Cash allows its borrower to pay off their loans early with zero prepayment penalties.
- It is not compulsory to apply for the loan instantly immediately after checking the rate. You can come back anytime to complete your application. You can just check the rates for the reference also without hampering your credit score.
- On accepting the loan offers, it takes an average of five days to credit into the borrower’s bank account.
- The borrower can consolidate their debts by directly paying with received loans via a bank account.
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Prosper Loan Customer Support Desk
Borrowers can connect with the following channel in case they have any queries, requests or complaints:
- Via Call
Dial the number 1-(866) 615-6319.
Contact Time:
Monday to Friday
8:00 a.m.-9:00 p.m. (ET)
5:00 a.m.-6:00 p.m. (PT)
Saturday
9:00 a.m.-5:30 p.m. (ET)
6:00 a.m. – 2:30 p.m. (PT)
- Mailing Address
Write a letter to the following address:
Prosper Funding LLC
221 Main Street, Suite 300
San Francisco, CA 94105.
- Email Address
You can also write an email at the following address:
support@prosper.com
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