How to Get a Loan
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1. Create your loan listing
Creating a loan listing with Prosper/BACF is easy and only takes a few minutes.
You will be asked to fill out some personal information, which will help us to give you the best rate and loan terms possible and protect you and others against fraud. We will check your identity and obtain your credit score. (This will not affect your current credit score.)
Tips for a successful listing >
You will be asked to fill out some personal information, which will help us to give you the best rate and loan terms possible and protect you and others against fraud. We will check your identity and obtain your credit score. (This will not affect your current credit score.)
Tips for a successful listing >
We'll then assign your loan listing a Prosper Rating, which is based on your credit score from a credit bureau (Experian) and another score developed internally by Prosper. Your loan's interest rate will be based on your Prosper Rating.
Now the fun begins: you create a custom loan listing by giving your listing a title and adding a description of your loan purpose and your financial situation.
What's the difference between a listing and a loan?
A listing is your request for a loan. Your listing will be displayed for investors to view. You will receive a loan after your listing is funded and your information has passed Prosper's verification process, as needed.
TIP: Asking your friends and family to invest in your listing and give you a recommendation will increase your chances of having your listing fully funded.
Tips for a successful listing >
Now the fun begins: you create a custom loan listing by giving your listing a title and adding a description of your loan purpose and your financial situation.
What's the difference between a listing and a loan?
A listing is your request for a loan. Your listing will be displayed for investors to view. You will receive a loan after your listing is funded and your information has passed Prosper's verification process, as needed.
TIP: Asking your friends and family to invest in your listing and give you a recommendation will increase your chances of having your listing fully funded.
Tips for a successful listing >
