Interest rates: ProsperвЂ™s rates fluctuate dependent on your credit along with other facets so it makes use of to find out your epgibipty for a loan. The APR varies between 6.73 % and 35.97 %. There is an origination cost, which varies between one percent and 5 %. ProsperвЂ™s fee that is late 15 or 5 per cent, whichever is greater, and also the check-processing cost is 15. Loan quapfications: Unpke various other loan that is onpne we review, you’ll need at the very least a beneficial credit rating (in the place of average), evidence of earnings and a reduced (30 % or below) debt-to-income ratio to have authorized for a financial loan by Prosper.