Cryptocurrency Q&A
What are the benefits of Prosper?
What are the benefits of Prosper?
CryptoTitaness
Wed Oct 23 2024
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5 answers
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I want to know the advantages or benefits of using Prosper. What are the pros or positive aspects that I can expect from it?
5 answers
BitcoinBaroness
Fri Oct 25 2024
Prosper presents both advantages and disadvantages for borrowers.
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DigitalLord
Fri Oct 25 2024
One of the pros is that Prosper allows for co-applicants, which can increase the chances of approval and potentially lower the interest rate.
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Claudio
Thu Oct 24 2024
Another benefit is the low minimum borrowing amount, making it accessible to those who need smaller loans. Competitive interest rates are also offered, depending on the borrower's creditworthiness.
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CryptoNinja
Thu Oct 24 2024
However, Prosper charges an origination fee, ranging from 1.00% to 9.99% of the loan amount, which can be a drawback for some borrowers.
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BlockchainLegendary
Thu Oct 24 2024
The high maximum APR of 35.99% is another con, as it can make the loan very expensive if the borrower has poor credit.
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