Topic: Prosper no longer the largest P2P lender. LendingClub claims top spot (Read 13208 times)

SLN · « **Reply #15 on:** February 22, 2011, 10:22:41 pm »

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When I look at actual listings on Prosper, the lowest I see have a borrower APR of 4.99%. Why didn't Prosper use this number, as that appears to be where the borrower rates really start?

I think you will find the difference is APR vs interest rate. The lowest borrower interest rate is 4.99% which equates to a 5.93% APR. My guess is they have to use the APR number. Lending Club does the same thing.

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Author Topic: Prosper no longer the largest P2P lender. LendingClub claims top spot (Read 13208 times)

SLN

Re: Prosper no longer the largest P2P lender. LendingClub claims top spot