Cryptocurrency Q&A
Does Prosper have fees?
Does Prosper have fees?
MysticGalaxy
Tue Sep 17 2024
|
5 answers
960
Could you please clarify if Prosper, the peer-to-peer lending platform, imposes any fees on its users? Are there any upfront charges associated with creating an account or posting a loan listing? Additionally, are there any fees deducted from the loan amount received by borrowers or charged to lenders for funding loans? It would be helpful to understand if there are any maintenance fees or hidden costs that users should be aware of when utilizing Prosper's services.
5 answers
Martina
Thu Sep 19 2024
Once a loan application is approved and the funds are ready to be disbursed, Prosper charges a one-time fee known as the "Origination Fee." This fee is calculated as a percentage of the total amount borrowed and serves as a compensation for the services provided.
Was this helpful?
311
57
Eleonora
Thu Sep 19 2024
Prosper offers a unique lending experience where individuals can apply for loans without any upfront fees. This means that borrowers can initiate the loan process without any immediate financial obligation.
Was this helpful?
160
86
TaekwondoMasterStrengthHonor
Wed Sep 18 2024
The Origination Fee ranges from 1% to 9.99%, with the exact percentage determined by the Prosper Rating of the borrower. This rating system assesses various factors, including creditworthiness and loan history, to determine the risk associated with each loan.
Was this helpful?
164
25
GwanghwamunGuardian
Wed Sep 18 2024
As a top cryptocurrency exchange, BTCC provides a wide range of services to cater to the diverse needs of the digital asset community. These services include spot trading, futures trading, and cryptocurrency wallet management.
Was this helpful?
62
77
Sebastiano
Wed Sep 18 2024
The spot trading platform of BTCC allows users to buy and sell cryptocurrencies at the current market price, offering a fast and efficient way to execute trades. The futures trading platform, on the other hand, provides traders with the opportunity to speculate on the future price movements of cryptocurrencies.
Was this helpful?
263
70
