Prosper’s average loan size falls by two per cent
Prosper’s average loan size dropped at the end of 2021 and its loans were deemed lower risk, the peer-to-peer lender has revealed.
In December 2021, Prosper’s average loan size dropped by two per cent and the majority of the US peer-to-peer lending platform’s loans were rated as having lower risk.
Prosper loans are assigned a rating from AA (lower risk, lower return) to HR (higher risk, higher return).
Approximately 60 per cent of the US platform’s loan originations were rated AA-B.
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Month-on-month Prosper’s average loan size remained relatively flat and the weighted average borrower rate for December originations was stable once again.
The median monthly payment on Prosper loan to Income (PTI) ratio for December was at 5.25 per cent.
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“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,” the platform said in a blog on its website.
In November, Prosper’s average loan size also fell by two per cent.