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Prosper Announces 'Reason to Sing' Free iPod(R) Nano Giveaway

(November 23, 2011)

SAN FRANCISCO, CA -- (Marketwire) -- 11/23/11 -- Prosper, a peer-to-peer (P2P) lending marketplace for personal loans, today unveiled its "Reason to Sing" giveaway. Prosper is offering a free iPod Nano(*) to borrowers who get a personal loan during the holiday promotion, which runs from November 21, 2011 through November 27, 2011.

"Millions of Americans will run up hundreds or thousands of dollars in high-interest credit card debt shopping for friends and family this holiday season," said Chris Larsen, chief executive officer and co-founder of Prosper. "For those shoppers who plan to use credit cards this year, this promotion is both a great introduction to more affordable P2P personal loans and an easy way to avoid the hangover caused by high cost credit card debt."

On Prosper, borrowers benefit from:

  • Rates as low as 6.59% APR(**)
  • Easy monthly payments;
  • No hidden fees;
  • Lower fixed rates;
  • Unsecured loans.

Through Prosper more than 275,000,000 in personal loans have been funded. Debt consolidation, home improvement and small business-related loans remain the leading loan categories on

To see a complete list of promotion criteria, please visit

About Prosper
Prosper Marketplace Inc., a peer-to-peer lending marketplace that brings together creditworthy borrowers with individual and institutional investors, allows people to invest in each other in a way that is financially and socially rewarding. Individual and institutional investors invest in minimum increments of $25 on loan listings they select. In addition to credit scores, ratings and histories, investors can consider borrowers' personal loan descriptions, endorsements from friends, and community affiliations. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors. Prosper was co-founded by Chris Larsen, co-founder of E-LOAN. Prosper has raised $83.85 million in venture capital and is backed by financial and technology luminaries including, Jim Breyer of Accel Partners; Tim Draper of Draper Fisher Jurvetson; Jerome Contro of Crosslink Capital, CompuCredit; Omidyar Network; Capital One Co-founder Nigel Morris of QED Investors; Court Coursey of TomorrowVentures; Larry Cheng of Volition Capital.

(*) To qualify to receive an iPod, you must (i) apply for a loan between 4:00 PM Pacific Standard Time ("PST") on November 21, 2011 and 11:59 PM PST on November 27, 2011; and (ii) that loan request must result in an originated loan. To receive your gift by December 24, 2011, your loan listing must originate by December 16, 2011. Prosper will fulfill rewards via U.S. mail, sent to the residential address on record for the account. Prosper may substitute the reward for a reward of equal or greater value at its discretion. This promotion cannot be combined with any other promotional offer from Prosper. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans are made by WebBank, a Utah-chartered Industrial Bank.

(**) Based on one year personal loans made to first time borrowers with an AA Prosper Rating. To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions. APRs by Prosper Rating range from 6.59% (AA) to 35.84% (E) for first time borrowers. Repeat borrowers may qualify for discounted rates. Rate offered is based on Prosper Rating and other factors, and your actual rate may differ. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, a Utah-chartered Industrial Bank.

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Press Contact:
Laurie Azzano

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Related Keywords: peer-to-peer lending, personal loans, p2p lending, p2p loans, free ipod nano, free ipod, USA, Marketwire, Inc., , Financial, Family, Other,

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