Direct lender Prosper is now open to investors in the state of Indiana. This makes 32 states and the District of Columbia where individuals may lend money directly on the platform. Aaron Vermut, CEO of Prosper said;
“We are very pleased to bring the people of Indiana the opportunity to invest through the Prosper platform and appreciate the work the state regulators did to bring this opportunity to its residents. As one of the only online marketplaces for credit open to individual investors, Prosper offers an exciting opportunity for individuals to diversify their investment portfolio with an asset class that provides attractive returns.”
Prosper represents a good option for savers in a very low interest rate environment. Using the Prosper site, investors may create a portfolio of loans based on their individual risk tolerance. Prosper suggests investors diversify across a minimum of 100 notes.
Prosper recently announced their service had hurdled $4 billion in loans. In Q2 of 2015, Prosper originated $912 million in loans, a year over year increase of 147% – their largest quarter ever.
Proper’s “best borrowers” may receive a loan from 5.99% APR today.