Can I apply for a joint loan even if I already have an existing loan through Prosper?

If you have an existing loan, you can apply for another loan through Prosper (individual or joint) if your account is in good standing—after 9 months of consecutive, on-time payments.

Regardless of how many loans you have, $40,000 remains the maximum total outstanding balance you can have through Prosper. For example, if you still owe $5,000 on your first loan when you apply for a second loan, then the largest amount you can apply for is $35,000.

Was this helpful?