Prosper Loans Marketplace is a leading online destination for borrowing money and investing in loans. It pioneered peer-to-peer lending and Open Market loans, which allow people to invest in each other in a way that is socially and financially rewarding. Additionally, Prosper’s auction model provides an open and transparent way to get a personal loan or invest in loans on terms that are favorable to everyone involved in the transaction.
The way Prosper works is intuitive to anyone who has used an online auction. Instead of listing and bidding on items, people and institutions list and bid on loans using Prosper's online auction platform.
Individuals and financial institutions (banks, finance companies, etc.) can list loans for between $1,000 and $25,000 (or more, for Open Market loans) on Prosper with loan durations anywhere from six months to three years. Individual borrowers or financial organizations selling loans set the maximum rate they are willing to pay an investor for the loan.
If you just started your business or willing to start a business, Prosper could be the next place to find your funding!
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment