Could you please clarify for me, what exactly is the minimum payment required on Prosper loans? I understand that Prosper is a peer-to-peer lending platform, but I'm unsure about the specifics of the minimum payment amount borrowers need to make. Is this amount fixed for all loans, or does it vary based on the loan terms and conditions? Additionally, how does this minimum payment compare to other lending platforms in the market? I'm interested in knowing if there are any penalties for failing to meet the minimum payment requirement, and if so, what are they? Thank you for your assistance in clarifying this matter.
6 answers
SeoulSerenitySeeker
Tue Sep 17 2024
This feature provides cardholders with the flexibility to make manageable payments without incurring additional penalties or fees.
Ilaria
Tue Sep 17 2024
The Prosper® Card features a flexible minimum payment structure, designed to cater to various financial situations. The minimum amount due is set at $30 or 1% of the total statement balance, inclusive of applicable fees, past-due balances, and interest charges.
PulseRider
Tue Sep 17 2024
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GinsengBoostPower
Tue Sep 17 2024
This calculation ensures that cardholders contribute a significant portion towards reducing their debt while managing their finances effectively.
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Tue Sep 17 2024
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