Best Peer-to-Peer Lending 2026

by Anonymous

Peer-to-peer lending platforms connect borrowers directly with investors, cutting out traditional bank intermediaries. Borrowers may find more accessible terms, while investors can earn higher yields than savings accounts. Default risk is real, so diversification across many loans is essential. The industry has matured significantly, with most platforms now using institutional capital alongside individual investors.

Prosper

$2,000–$50,000
loan amounts
8.99–35.99%
borrower apr
3–8% historical
investor returns
3 or 5 years
loan terms
640
minimum credit score
1–6.99%
origination fee

LendingClub

$1,000–$40,000
loan amounts
8.98–35.99%
borrower apr
Bank model (no P2P)
investor returns
3 or 5 years
loan terms
600
minimum credit score
3–8%
origination fee

Upstart

$1,000–$50,000
loan amounts
7.80–35.99%
borrower apr
Institutional only
investor returns
3 or 5 years
loan terms
300 (AI-based)
minimum credit score
0–12%
origination fee

Funding Circle

$25,000–$500,000
loan amounts
7.49–28.99%
borrower apr
4–7% target
investor returns
6 months–7 years
loan terms
660
minimum credit score
3.49–7.99%
origination fee

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