Business Model
Prosper has a transaction-based business model, in which the company collects revenue by taking a fee on its customers' transactions. Borrowers who receive a loan pay an origination fee of 0.5%-4.5% depending on the borrower's Prosper Rating, and investors pay a 1% annual servicing fee. Prosper offers unsecured personal loans for up to $35,000. Prosper's loans are issued at fixed rates for terms of three or five years.
Read more about this topic: Prosper Marketplace
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