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Published Sep 02, 2026
Prosper P2P loans - funded in 4 days but origination fee is steep
Applied for a $10k Prosper peer-to-peer loan after NerdWallet's review noted 3-day investor funding. Got listed, funded in 4 days at 14% APR with a 5-year term, and money hit next day. Origination is 7% though, so I netted $9300, and autopay is required. Good if your credit is 660+ and you want to consolidate without bank hassle, but the fee stings if you need the full amount.
Positive Experience
fast funding
high origination fee
peer-to-peer lending
autopay required
credit score 660+