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What percentage of " Prosper " requests for loans actually become fully funded?

http://www.prosper.com/join/lzc5wh

2007-08-28 10:32:16 · 1 answers · asked by Anonymous in Business & Finance Personal Finance

1 answers

It depends on the credit risk and the interest rate.

If you have AA credit and are offering 10% there is probably a 100% chance you will get funded.

If you have D credit or are rated HR (High Risk) and are offering 15%, there is probably a 0% of getting funded.

I don't know if anyone has done an analysis of the funding rates but many lenders complain about the lack of "quality borrowers".

2007-08-28 10:39:23 · answer #1 · answered by Wayne Z 7 · 1 0

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