Prosper’s loan size falls by two per cent
In November, Prosper’s average loan size fell by two per cent and the majority of the US peer-to-peer lending platform’s loans were for lower risk loans.
The platform’s average loan size dropped by about 1.8 per cent month-over-month.
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Read more: Prosper’s average loan size remains stable
62 per cent of Prosper’s loan originations in November were rated AA-B, down one per cent from October.
Prosper loans are assigned a rating from AA (lower risk, lower return) to HR (higher risk, higher return).
The median monthly payment on Prosper’s loan to income ratio for November remained relatively flat month-over-month at 5.13 per cent and the weighted average borrower rate for November originations remained stable.
Read more: Prosper sees average loan size remain the same
“The Prosper performance updates are designed to help our investor community better understand performance trends and to provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform,” Prosper said in a blog on its website.
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