Prosper is a peer-to-peer lending platform that accepts fair credit and offers joint loans, but its origination fees and APRs can be high. Accepts credit scores starting at 600, with personal loans between $2,000 and $50,000 and the option to apply with a co-signer. Offers joint personal loans and has a highly rated mobile app for easy access.

Prosper recommends a credit score of at least 600, falls in the fair range, and offers personal loans between $2,000 and $50,000. It allows co-borrowers, has a mobile app, but may come with high interest rates and fees. Funding may take up to five days, slower than some competitors.

Prosper charges origination fees of 1% to 9.99% and APRs range from 8.99% to 35.99%. It doesn’t pay off creditors directly and may take up to 14 days for investors to fund a loan. Customers have rated Prosper highly on Trustpilot but less favorably on the BBB.

To apply for a Prosper loan, check your rates with a soft credit check, pick an offer, wait for approval, receive your funds, and make monthly payments. Prosper may be a good fit for fair credit borrowers seeking midsize loans or wanting to apply with a co-borrower. Consider other options if you have good credit or want to avoid high fees.

Prosper may not be the best choice if you can find better rates elsewhere, want to avoid origination fees, or need a longer repayment term. Consider other lenders such as Upgrade for longer terms, Upstart for bad credit borrowers, or SoFi for large loan amounts with few fees. Shop around for the best loan option.

Read more at Yahoo Finance: Flexible lending for fair-credit borrowers