Prosper.com allows average joes to seek loans not from big banks, but from other regular, hardworking people who are looking to earn a bit of interest.
You can usually get a lower rate than the bank, and you're paying interest to real people, not a faceless corporation.The following loan was listed on Prosper, and you can see the rate the loan seeker is getting.Loan - Purchase of a Used Car for Niece
With 5 days left to bid on a $8,000.00 loan, the loan has a 11.68% yearly rate of return.
Borrowing $5000 at 11.68% would give you monthly payments of $165.31.
The loan is already 65% funded, with 5 days left until bidding closes.
The person seeking the loan has a credit grade of AA and a debt-to-income ratio of 5%.
If you'd like to help fund a portion of this loan, or if you are seeking a loan, Go to Prosper.com.
Other Available Loans
You can usually get a lower rate than the bank, and you're paying interest to real people, not a faceless corporation.The following loan was listed on Prosper, and you can see the rate the loan seeker is getting.Loan - Purchase of a Used Car for Niece
With 5 days left to bid on a $8,000.00 loan, the loan has a 11.68% yearly rate of return.
Borrowing $5000 at 11.68% would give you monthly payments of $165.31.
The loan is already 65% funded, with 5 days left until bidding closes.
The person seeking the loan has a credit grade of AA and a debt-to-income ratio of 5%.
If you'd like to help fund a portion of this loan, or if you are seeking a loan, Go to Prosper.com.
Other Available Loans