Prosper New Lenders Free Ipad Bonus

by Andy Hough on June 16, 2011 is giving new lenders another reason to invest their money through Prosper. On top of 10.4%** actual returns, they are giving all new lenders who invest $20,000 by July 31, 2011 a brand new Apple iPad 2. Don’t wait, this promotion ends June 30th. If you have $10,000 to invest you can get Bose QuietComfort 15 headphones. If you have $5,000 to invest you can get a new iPod Nano.

This offer applies only to new Prosper lenders who (i) open a Prosper investment account between June 13, 2011 and June 30, 2011, and (ii) satisfy the following investment thresholds by July 31, 2011: 1) $5,000 to $9,999 for an iPod Nano, 8 GB ; 2) $10,000 to $19,999 for a set of Bose QuietComfort 15 Noise-Cancelling Headphones, and 3) $20,000 or more for an iPad 2 32 GB WiFi model. Only investments that become funded Notes by July 31, 2011 will be counted towards the investment thresholds. Prosper reserves the right to terminate this offer at any time and to refuse or recover any promotion award if it determines that the award was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the investment account, or that any terms of the Lender Registration Agreement have been violated.

**Net Annualized Returns represent the actual returns on Borrower Payment Dependent Notes (“Notes”) issued and sold by Prosper since July 15, 2009. To be included in the calculation of Net Annualized Returns, Notes must be associated with a borrower loan originated more than 10 months ago; this calculation uses loans originated through May 31, 2010. To calculate Net Annualized Returns, all payments received on borrower loans corresponding to eligible Notes, net of principal repayment, credit losses and servicing costs for such loans, are aggregated then divided by the average daily amount of aggregate outstanding principal for such loans. To annualize this cumulative return, the cumulative number is divided by the dollar-weighted average age of the loans in days and then multiplied by 365. Net Annualized Returns are not necessarily indicative of the future performance of any Notes. All calculations made as of March 31, 2011.

Personal Loans, Investment, Lending

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