Prosper $50 New Lender Bonus + Up to 2% Rebate

by Andy Hough on November 18, 2009

Prosper is offering a $50 bonus if you sign up as a lender and bid on two loans. Your minimum investment would be $50 allowing you to potentially invest in two loans for free essentially.

They also have a cash rebate promotion that where if you invest $1,000 – $4,999 by December 31 you will receive a 1% cash rebate into your Prosper account by January 22, 2010. If you invest $5000 or more, you will receive a 2% cash rebate into your Prosper account by January 22, 2010.

My personal experience with Prosper has been quite good. I’ve made a good return on the money I’ve invested with them and haven’t had any of my loans default. Other lenders haven’t been as lucky though. Prosper has implemented stricter borrower guidelines which should help improve results. I’d still recommend that you limit Prosper loans to a small percentage of your investment portfolio.

If you are interested in peer to peer lending you might want to invest in Lending Club’s low interest personal loans as well. I’ve received an 11% return with them so far.

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