That makes it difficult to know in advance what kind of APR you will be offered, what fees might come attached to your loan, and other crucial information that can be easier to discern with a direct lender.
Pros Avant focuses on offering access to loans to borrowers with slightly lower credit scores than Lending Club.
* Rate is quoted with Auto Pay discount, which is only available when you select Auto Pay prior to loan funding. If your application is approved, your credit profile will determine whether your loan will be unsecured or secured. Prosper takes into account a range of factors other than your credit history when determining your APR.
Its website is easy to navigate, with clearly disclosed rates and fees.
Several types of loans are on offer (though eligibility will vary by state): peer-to-peer loans, bank loans, and installment loans.