How can we help?

Popular Keyword Searches: Payment, Payoff, Documents, Credit, Application, Returns, Performance, Risk, Investing

Previous

What is a Note?

A Borrower Payment Dependent Note (a “Note”) is an obligation that is issued by Prosper and  dependent for payment on Prosper’s receipt of payments made on a corresponding borrower loan. As an investor, you are not actually lending your money directly to Prosper borrowers but are instead purchasing Notes from Prosper, the proceeds of which facilitate the purchase of the borrower loans from WebBank.

Was this article helpful?