Best Egg vs. Prosper

Weigh loan terms, APRs and eligibility factors before deciding

Partner Disclosures

Standard Disclosure Terms presented, including APR and monthly payment amount, are estimated and created based on information entered by you and through analysis of historical data on loans through Prosper. Your eligibility for a loan and actual terms depend on the information you provide in your application, and other variables including, but not limited to, your credit score, Prosper Rating, loan amount, loan term, employment and income details, credit usage and history. Personal loans through Prosper have an annual percentage rate ("APR") of 8.99% to 35.99%, terms between two and six years, and an origination fee from 1% to 9.99%. For example, a three-year $10,000 personal loan with an interest rate of 17.29% and an 8.99% origination fee results in a 24.19% APR. You would receive $9,101.00 and make 36 scheduled monthly payments of $357.97. A five-year $10,000 personal loan with an interest rate of 15.63% and an 8.99% origination fee results in a 20.02% APR. You would receive $9,101.00 and make 60 scheduled monthly payments of $241.22. Whether you are eligible for a specific APR or loan term will depend on a number of factors, including (but not limited to) your current credit rating and information you provide in your application. The lowest rates are for the most creditworthy applicants. Your actual rate may differ. The average APR for pre-approved loans with a 3-year term funded between January 1, 2026, and March 31, 2026, was 24.8%. The average APR for loans with a 3-year term funded between January 1, 2026, and March 31, 2026, was 24.19%. Eligibility for personal loans up to $50,000 depends on a number of factors, including (but not limited to) your financial history, credit score, monthly income, and monthly expenses. Eligibility for personal loans is not guaranteed, and requires sufficient investor commitments to fund. All personal loans made by WebBank. Fast Funding Disclosure Terms presented, including APR and monthly payment amount, are estimated and created based on information entered by you and through analysis of historical data on loans through Prosper. Your eligibility for a loan and actual terms depend on the information you provide in your application, and other variables including, but not limited to, your credit score, Prosper Rating, loan amount, loan term, employment and income details, credit usage and history. Personal loans through Prosper have an annual percentage rate ("APR") of 8.99% to 35.99%, terms between two and six years, and an origination fee from 1% to 9.99%. For example, a three-year $10,000 personal loan with an interest rate of 17.29% and an 8.99% origination fee results in a 24.19% APR. You would receive $9,101.00 and make 36 scheduled monthly payments of $357.97. A five-year $10,000 personal loan with an interest rate of 15.63% and an 8.99% origination fee results in a 20.02% APR. You would receive $9,101.00 and make 60 scheduled monthly payments of $241.22. Whether you are eligible for a specific APR or loan term will depend on a number of factors, including (but not limited to) your current credit rating and information you provide in your application. The lowest rates are for the most creditworthy applicants. Your actual rate may differ. The average APR for pre-approved loans with a 3-year term funded between January 1, 2026, and March 31, 2026, was 24.8%. The average APR for loans with a 3-year term funded between January 1, 2026, and March 31, 2026, was 24.19%. Eligibility for personal loans up to $50,000 depends on a number of factors, including (but not limited to) your financial history, credit score, monthly income, and monthly expenses. Eligibility for personal loans is not guaranteed, and requires sufficient investor commitments to fund. All personal loans made by WebBank. You may receive your funds one business day following your acceptance of the loan offer, completion of all necessary verification steps and final approval. One business day funding is also dependent on your bank’s transaction processing speed.

Partner Disclosures

Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. Eligibility is not guaranteed. The term, amount and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. If offered, your loan agreement will contain specific terms and conditions. Your application is complete when you submit it to Best Egg. Your acceptance of an offer may impact your credit score. The timing of available funds upon loan approval may vary depending upon your bank’s policies. After successful verification, your money can be deposited in your bank account within 1-3 business days. Loan amounts range from $5,000–$50,000. Residents of Massachusetts have a minimum loan amount of $6,500; Ohio, $5,001; and Georgia, $3,001. Only two active Best Egg loans are available at one time and your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 6.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–9.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4 years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. Eligibility for the best available rate subject to creditworthiness. For example: a 5-year $10,000 loan with a 9.99% APR has 60 scheduled monthly payments of $201.81; a 3-year $5,000 loan with 6.99% APR has 36 scheduled monthly payments of $152.83. Best Egg loans can be prepaid at any time without penalty. Barring any unforeseen circumstances, Best Egg loans have a minimum term of 36 months and a maximum term of 60 months. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg loans are personal loans made by Cross River Bank, a New Jersey Chartered Bank, operating from its Wilmington, Delaware, branch location, Member FDIC, Equal Housing Lender, or Column N.A., Member FDIC, Equal Housing Lender. © 2026 Marlette Marketing, LLC. All rights reserved.

Updated Oct. 01, 2026

By: Ash Barnett

+2 more

Edited by: Savannah Pittle

Fact-checked by: Jon Bortin

Prosper and Best Egg

Best Egg and Prosper are two prominent personal loan providers, each offering unique benefits and features. This article compares these lenders to help you decide which best fits your financial needs.

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Key insights

Best Egg offers competitive APRs and fast funding, making it ideal for quick financial needs.

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Prosper's peer-to-peer lending model provides flexible terms and a community-driven approach.

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Neither lender guarantees approval or its lowest advertised rate. The final offer depends on creditworthiness, income, debts and application details.

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Best Egg personal loans

Best Egg offers fast personal loans for a wide range of purposes. Its standard unsecured personal loans range from $2,000 to $50,000, and you can take out up to two loans at once for a total of $100,000.

Payment terms range from 24 to 72 months. Interest rates range from 6.99% to 35.99%, and origination fees range from 0.99% to 9.99% on unsecured loans.

Best Egg offers two features that make it easy to use: Direct Pay and Payment Pathway. If you're consolidating loans, Direct Pay will send your payment directly to your old lenders rather than to you, so you can make the payment yourself.

With the Payment Pathway option, your minimum payment decreases as your loan balance is paid down. This can work well for someone struggling to make payments, since the payment will decrease over time.

Prosper personal loans

Prosper is a peer-to-peer lender, meaning the funds you receive are from individual investors. Prosper issues its loans through WebBank.

It also offers unsecured personal loans from $2,000 to $50,000 for almost any purpose. You can have up to two loans at once, but the total amount borrowed can’t exceed $50,000.

Payment terms range from two to six years, and interest rates range from 8.99% to 35.99%. Origination fees range from 1% to 9.99%. If you don't pay within 15 days of your payment's due date, you'll be charged a fee of $15 or 5% of the late payment amount, whichever is greater.

Prosper allows you to prequalify for a loan on its website. You can enter your information to see if you qualify and what the terms might be. This lets you see what you qualify for without affecting your credit score. If you're happy with the terms, you can complete your application.

APRs and fees

Both lenders offer online loans and have similar annual percentage rates (APRs) and fees. Best Egg and Prosper charge origination fees on all loans. Best Egg's fees are potentially slightly lower, but not by much. The lowest origination fee you can pay at Best Egg is 0.99%, while at Prosper it's 1%. Both have a maximum origination fee of 9.99%.

Best Egg's lowest APR is 6.99%, which is 1% lower than Prosper's lowest rate. That could add up to a significant amount, especially at higher loan amounts. Both lenders' rates top out at 35.99%.

	Best Egg	Prosper
Origination fee	0.99% to 9.99%	1% to 9.99%
APR	6.99% to 35.99%	8.99% to 35.99%
Late fee	None	$15 or 5% of the unpaid monthly payment, whichever is greater
Prepayment fee	None	None

» FIND OUT: Did Best Egg or Prosper make our top picks?

Loan uses and flexibility

Unsecured personal loans can serve many purposes. However, there are some restrictions. For example, you can't use a personal loan for a down payment on a home, college tuition, gambling or anything illegal.

Melissa Cox, owner and certified financial planner at Future-Focused Wealth in Dallas, Texas, said, “Most of my clients use personal loans for consolidating high-interest credit card debt, covering unexpected medical expenses or financing high one-time costs like a wedding, home repairs or even a short-term move.

“In some cases, we also use personal loans as a bridge during career transitions or family emergencies. The key is making sure the loan supports something intentional, not impulsive.”

Best Egg specializes in personal loans for the following:

Debt consolidation
Credit card refinancing
Home improvements
Moving expenses
Major purchases
Fertility and adoption
Vacations
Special occasions

Prosper specializes in personal loans for:

Debt consolidation
Home improvements
Health care financing
Household expenses
Vehicle purchases

Eligibility and application process

Prosper has lower credit score requirements than Best Egg. With Prosper, you need to have a credit score of at least 600. At Best Egg, you'll need a credit score of at least 640. Beyond that, the eligibility requirements are similar.

To qualify, both Best Egg and Prosper require applicants to:

Be a U.S. citizen or permanent resident
Live in the U.S.
Be of legal age
Have a U.S. bank account
Have a valid email
Provide a physical address

Most personal loan lenders will also want a debt-to-income ratio under 43%. This means that less than 43% should go towards your current debt payments.

Both lenders allow you to prequalify for a loan. This lets you see which loan terms you qualify for without impacting your credit score.

When asked how borrowers can increase their odds of approval, Cox said, “First, check your credit report and clean up any errors. Then, work to lower your debt-to-income ratio, either by paying down revolving debt or increasing income.

“Lenders want to see consistent income, low credit utilization, and a history of on-time payments. If you’re not quite there yet, I sometimes help clients apply with a co-borrower or explore secured loan options to boost approval chances.”

FAQ

Is Best Egg the same as Prosper?

No, Best Egg and Prosper are different companies. Both offer personal loans, but they operate independently with different terms, rates and qualification requirements.

How quickly can I get a loan from Best Egg?

Once your loan is approved, your funds will be deposited into your bank account in one to three business days.

Are there any prepayment penalties with Best Egg or Prosper?

There are no prepayment penalties with Best Egg or Prosper. You can pay your loan off with either lender at any time.

How do I apply for a loan with Prosper?

You can apply for a loan with Prosper on its website. Prosper allows you to prequalify for a loan, so you can check what terms you would qualify for without impacting your credit.

Article sources

ConsumerAffairs writers primarily rely on government data, industry experts and original research from other reputable publications to inform their work. Specific sources for this article include:

Best Egg, “What is the origination fee? - Loan Terms” Accessed Sept. 14, 2026.
Best Egg, “What should I expect once my loan is approved?” Accessed Sept. 14, 2026.
Best Egg, “What is Direct Pay?” Accessed Sept. 14, 2026.
Credible, “What You Can’t Use a Personal Loan For." Accessed Sept. 14, 2026.
Discover, “What is Debt-to-Income Ratio?” Accessed Sept. 14, 2026.

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