If I Have An Existing Loan, How Long Should I Wait Before I Reapply?

After accepting a loan through Prosper, we recommend making 6 complete months of on-time payments before you and/or your co-applicant consider applying for another loan.

Eligible borrowers can receive up to a maximum of $40,000 between 2 loans. If you have an active loan (with or without a co-borrower), the balance of the active loan is included toward the $40,000 total loan limit.

For example, if you have an active loan with a remaining balance of $10,000 and you've made 6 complete months of on-time payments, you could be eligible to borrow up to an additional $30,000 (if approved).

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