• 4 tips to save money when buying tires

    Driving a car with safety and comfort requires you to have all of its parts in the best health, including the tires. Certainly, you understand how important the tires are for the car to run smoothly on the road. So, you need to keep them in the best shape, which requires regular maintenance and changing them periodically. A good set of tires can be costly. The following tips will help you reduce the price.

    Use tires coupons

    Using tires coupons is the best way to save money when shopping for tires. The coupons come with discounts and deals, which effectively lower the price of the tires. This allows you to buy the best quality product without having to empty your wallet. Getting tires coupons is a simple process. If you have a preferred retailer in mind, it will be wise to sign-up for their newsletters to get updates via e-mails. This way, you will always receive new coupons whenever they are offering any. You should also follow their social media pages to get regular updates about new deals and discount coupons. There are many coupon websites too, which offer different types of discount coupons. You can find tires coupons on those websites too.

    Buy tires and wheels together

    Sometimes you can get huge discounts when buying tires and wheels together. Most tire sellers also sell a variety of wheels that are perfect for your car. You can order the sets of tires and wheels from these stores and they will definitely offer you a discount on the bill. Remember this the next time you go out looking for a good set of tires for the winter or rainy season, and you will be able to save a significant amount of money.

    Buy the tires online

    Shopping online has become the new norm. These days you can find anything online and get it delivered right at your doorstep, and tires are no exception. There are many trustworthy online tire shops that offer discounted prices. You can even compare the prices among multiple online stores to find the best deal you can get. Most of these online stores even offer tires coupons, which slice the prices even more. Another advantage of these online tire stores is that they will definitely have more collection than your local shops. This makes it easier to find the exact product you need in no time. With their discounted prices and additional tires coupons, you can save a lot of money.

    Wait for the right time

    There are many occasions when you can get discounted prices on almost everything. Surely you have done some Black Friday shopping before and are aware of the kinds of price drops you can get. Days like these are perfect for buying your tires and maybe even stock up on them. On such days, the prices fall on various products including tires. You have to wait for the right time patiently.

    All the above tips will make it more affordable for you to get top-quality tires and keep your car in the best shape.

  • 6 Popular Car Rental Services

    Not everybody may be able to afford a brand-new car. Therefore, most of the times, people prefer to pay as they go because it is a much more viable option. Following are some of the top options for car rental services in the country:

    Alamo offers you great deals depending upon the place and date that you want to rent a car in. Always remember to check out the deals section so that you may avail of great offers on a car rental anywhere in the country. Right from rewards programs from their collaborators, along with single upgrades and featured deals, you have the option to choose from their repository of cars.

    Enterprise is the most well-spread company for car rentals. It is available in around 7,600 locations and is present in over 85 countries across the globe. Apart from providing regular cars for rent, Enterprise also offers services such as exotic car rentals along with sports cars and even options for sharing a ride.

    Right from a Jeep Wrangler to a luxury car of your choice, Budget has a large repository of cars available for car rentals. It is available in many locations worldwide, but has the largest network in the country with about 1,374 different locations available for drop and pick up.

    Offering great deals to American Automobiles Association (AAA) members, Dollar car rental is available in 49 different states in the country and has a large fleet of cars. You have options ranging from minivans, economy deals, SUV rentals, and even convertible car rentals to choose from and depending upon your requirement, you may get the best deal.

    With a global network of car rental services, Hertz is one of the most trusted companies to consider when you want to rent a car. Available in all 50 states, you have several options to choose from—Green Traveler Collection, Adrenaline Collection, Prestige Collection, Dream Cars, Car/Sedans, SUV/Minivan/4X4, Wagon/Estate, Commercial Van/Truck, and even a fleet of special cars for you to take your pick at great rates.

    Thrifty is available in 45 different states across the country and has the following categories of rentals available—Economy, Wild Card, Compact, Standard Convertibles, and Minivans—all listed at great prices.

    Remember to check the deals section on all the car rental pages so that you do not end up spending more than what you should on a rented car.

  • Five types of automobile floor mats you should know

    Automobile floor mats are also called as vehicle mats that are designed to protect a vehicle floor from dirt, wear, and corrosion. While some floor mats can be easily used, removed, and replaced; others have fixation points, ensuring they remain fixed in position.

    Following are the five main types of automobile floor mats based on the type of materials:

    Premium fabric mats
    These types of automobile floor mats are stitched with high-quality fabric. These mats comprise of cushions that are comfortable and water impermeable. They are easy to use and can be replaced. They can be washed with any normal detergent. Premium fabric mats are usually offered as standard features in new cars. You can, however, purchase these separately from auto accessory stores.

    Transparent rubber mats
    The latest addition to the automobile accessories are the transparent rubber mats. They are made up of transparent plastic matter. Transparent plastic mats easily resist heat and water and they can be easily placed on the floors. Their benefits can usually be seen during rainy season as they are able to retain mud and water from the passenger’s shoes.

    Synthetic rubber mats
    These are the most common types of automotive floor mats and are made of high-tensile synthetic rubber which easily withstands daily wear and tear. The material used in the manufacturing of synthetic rubber mats is moisture-proof and does not let a drop of moisture pass through them and reach the metal floor.

    Nomad mats
    There are several auto accessory companies that manufacture nomad mats. They are capable of soaking and trapping water, mud, and grime easily. Nomad mats look similar to floor mats that are found outside homes and offices.

    Car vinyl mats
    These automobile floor mats are designed to prevent the car floor from the damage that can be caused to the cars during monsoon. Since they are transparent, they can be placed on the stock carpets that are provided with the car. Car vinyl mats do not wear out in the long run, thereby keeping the metal floor dry irrespective of the weather.

    Here are a few pointers you need to keep in mind while choosing automobile floor mats:

    • Some mats that deplete water in the carpet can lead to rust, fungi, and stale smell.
    • Automobile mats that slip due to wear and tear can possibly jam the pedals. This can be a safety concern, thus, it is better to replace them immediately.
    • Prefer purchasing automobile floor mats from renowned auto accessory stores as they guarantee quality products that long last and are value for money.
  • 5 kinds of auto parts to source for your vehicle

    It is true that the world has very few things that are unanimously agreed upon. One such topic that receives countless opinions is choice-making when purchasing an automobile and the subsequent requirement of auto parts. The issue of which kinds of auto parts are best can rile up automobile enthusiasts. Thus, it is important to know what the best kind of part for your vehicle is. Typically, there are five types of auto parts that one can choose from and they include:

    Genuine parts
    Genuine auto parts are used when the vehicle is brand new. These auto parts are typically more expensive and are widely preferred during replacements as they are considered to be more superior. While genuine parts are commonly believed to be from the original manufacturers of the car, they are usually produced by brands licensed by them.

    Aftermarket parts
    Aftermarket auto parts are produced by a company that is different from the original manufacturer. The brands that make aftermarket parts seek rights from the different car brands to produce the same. While aftermarket auto parts look a little different from genuine parts, they fit and perform just as well as the latter.

    OEM parts
    An acronym for Original Equipment Manufacturer, these auto parts are built just as well as genuine parts. The components are passed and stamped with approval from the automaker. Most auto enthusiasts opt for OEM parts as they are found to be a more valuable purchase because they cost less than genuine parts and work are just as good.

    Refurbished parts
    As the name suggests, refurbished auto parts are parts that are checked and tagged as working for reuse. The parts are typically just cleaned and modified to be as a working component. Refurbished parts are replaced with minor fixtures such as gaskets and bolts. This type of auto parts are available at a much cheaper cost but do come with a certain degree of wear and tear.

    Used parts
    Used or “recycled” auto parts are the cheapest type of components that one can get. The parts are a great alternative for when you do not require it to sustain too long or when replacing a component that does not tear down as quickly. However, it is advisable to stir away from used auto parts when addressing issues that are related to the performance of the vehicle.

  • 5 essential tips to easily rent a car

    You often require a set of good wheels before embarking on a road trip. The next best option after owning a car is renting a car. That’s because a rental car offers the flexibility and freedom to travel. But renting a car has complications, such as picking up a faulty car, missing out on the fine print, and scammers. To help you have the best rental car experience, here are five car rental tips in 2021.

    • Read the reviews
      If you’re reading car rental reviews, know that some of them could be paid reviews, while only a select few are genuine reviews. After all, a person is likely to jot down a negative review when they are upset rather than a positive one when they are content. Look for reviews concerning the cleanliness and quality of the car, customer service, and absurd or hidden charges.
    • Skip airport surcharges
      Airports charge a premium for the convenience of picking or dropping off your car. Sometimes the convenience might be worth paying for, but at other times it can cost you quite a bit of money. So if it isn’t much of a hassle, try and pick your car rental from an office located inside the city for cheaper rates.
    • Pick the right dealer
      It’s always best to pick your car rental dealership even before you start your trip. This way, you have enough time to find out if a dealership is legit. It also helps identify good cars available at low rental rates. Also, look for offers available on select credit and debit cards that can help earn discounts.
    • Stick to one driver
      If your trip isn’t long-distance, stick to one driver. A second driver will generally cost you additional driver fees. Moreover, if you and your travel buddies know how to drive, do it yourself.
    • Add gas yourself
      Car rental companies will generally fill the gas tank before handing it over to you. But it is recommended to top up the tank yourself before handing in the vehicle. This way, you only pay for the gas you use. If the rental service tops it up later, they may charge an exorbitant convenience fee.

  • Enjoy lease deals on these new Volvo cars

    Volvo’s recent car launch includes the new S60 and XC90 and these are currently available on lease. The automobile company offers monthly payment at low rates, which means you can drive the top-tier models without having to shell out a lot of money. Leasing a car is a good option for short-term use or to write off tax. With a Volvo, you’ll also enjoy great features, which is a plus. Take a look at the following Volvo cars and new lease deals available.

    XC90 T5 FWD Momentum

    The powerful and angular XC90 is available for a monthly payment of $579. It comes with front park assist, wireless charging, and other standard Volvo features, which make it a well-rounded car to have. The lease deal includes destination fee and a lease bonus application of $1800, which is like a prepayment for future charges. You are required to pay $4,979 at signing. You can contact an authorized Volvo retailer to avail of this new Volvo lease deal.

    S60 Recharge R-Design Expression

    For a versatile hybrid sedan, go for the S60 Recharge that has a lease deal of $419 per month. Similar to the XC90, the price is inclusive of destination fee; however, in this deal you will get a $6,750 lease bonus application. This car comes with the blind spot information system (BLIS) feature that maintains safety while lane changing. As with all Volvo cars on lease, the user will have the responsibility of mileage limits and excess wear.

    S60 T5 AWD Momentum

    If you’re looking for a spacious three-powertrain car, this S60 Momentum can be your short-term ride for only $379 a month, thanks to the new Volvo lease deal. At this price, you can enjoy features like keyless start, hands-free communications system, and electronic stability control. Volvo doesn’t take a security deposit and offers an application for a $3,500 lease bonus. This is a good car to get on lease as it is cheaper than the others, looks incredible, and offers a seamless driving experience.

    Before you pick a car, check for maintenance, registration, and dealer charges to make an informed decision. Also, to get a Volvo car on lease, you have to meet certain requirements including credit standards. So, go through all the terms and conditions before you get the car.

  • 10 powerful electric cars you should consider before buying

    Growing awareness and improved technology have transformed the landscape of the electric vehicle industry. With improvements being made to each model, there are a ton of options to choose from. While no single car will be a perfect fit for everyone, narrowing down the key features may help you find your best match. Whether you are looking for a compact electric vehicle or an SUV, here are the 10 best options to consider:

    2023 Chevrolet Bolt
    If a small electric car is what you are looking for, the Bolt is one of the best options you will find. It has a spacious cab and a strong powertrain and offers great mileage compared to its competitors. With its 200-horsepower engine, the Bolt offers 131 MPGe in the city, and 109 MPGe on the highway. Prices for this stellar EV start at $25,900.

    2023 Nissan Leaf
    The Nissan Leaf has a sizable cabin for a small EV. With prices starting at $28,040, it is packed with a ton of tech and safety features such as an easy-to-use infotainment system, driver attention monitoring, ProPilot assist, surround-view parking camera system, and more. The Leaf can cover between 149 to 212 miles on a single charge, depending on the trim you get.

    2023 Hyundai IONIQ 5
    The Hyundai IONIQ 5 comes at starting price of $41,450 and can travel up to 220 miles on a single charge. This well-rounded car has a spacious and comfortable interior, with the new model offering an increased driving range and a higher maximum tow rating. It is also well-endowed with tech and safety features such as an intuitive infotainment system, rain-sensing windshield wipers, blindspot camera, head-up display, park assist, and more.

    2023 Kia EV6
    The Kia EV6 is an electric SUV that ranks highly for safety based on its driver assistance features and crash test results. It is one of the best electric vehicles on the market this year. The base price for the car is $48,700. The rear-wheel-drive models offer an estimated 117 MPGe in combined city and highway driving, while the all-wheel-drive model offers a combined economy of 109 MPGe.

    2023 Volvo XC40 Recharge
    The Volvo XC40 Recharge is ranked as one of the best electric luxury SUVs in the market. This spacious and stylish SUV has a base price of $53,550 and can drive up to 223 miles on a single charge. It has a 5-star overall score from the National Highway Traffic Safety Administration (NHTSA) and a Top Safety Pick+ recommendation from the Insurance Institute of Highway Safety (IIHS), making it a safe buy, especially for families.

    2022 Mercedes-Benz EQS Sedan
    The Mercedes-Benz EQS Sedan is a sophisticated luxury EV that offers great cargo space and a smooth ride. The standard EQS trim has a single electric motor that can provide up to 329 horsepower. The manufacturers also offer a variant with two electric motors, called the EQS 580 4Matic, which can generate a total of 516 horsepower. The price for the base trim is $104,400.

    2022 Lucid Air
    The Lucid Air is packed with intuitive features that make your driving experience a breeze. It offers refined driving dynamics, and a comfortable interior, that place it on top of the list of luxury EVs. With base prices starting at $87,400 and several trims to choose from, you have the flexibility to create your perfect car. Depending on the configuration you pick, the engine can generate between 480 and 1111 horsepower. It is also one of the most fuel-efficient EVs on the market, with the Grand Touring model offering a combined economy of 131 MPGe in the city and on highways.

    2023 BMW iX
    If you are looking for a luxury SUV EV, the BMW iX is packed with features that will make you fall in love with it. From its fast and efficient engine to its comfort and cutting-edge technology, this EV has it all. The base price for the BMW iX is $84,100. It has a lengthy driving range, going over 300 miles on a full charge. The car has an all-wheel drive system, a 111 kWh battery, and two motors, with the xDrive 50 models producing 516 horsepower.

    2023 Genesis GV60
    The elegant and refined Genesis GV60 is another top contender in the luxury SUV EV space. It is the perfect blend of power, performance, comfort, and practicality. It has unique futuristic features, like biometric driver recognition, that add to its flair. The MSRP for the base trim begins at $59,290. The base trim is fitted with two electric motors and a 77.4 kWh battery, producing up to 314 horsepower. It also offers an estimated fuel economy of 103 MPGe in the city and 86 MPGe on the highway.

    2024 Volvo EX90 All-Electric SUV
    The 2024 Volvo EX90 is the manufacturer’s first purpose-built electric vehicle and flagship SUV. It is expected to launch with prices starting at $80,000. The base model of the Volvo EX90 all-electric SUV is powered by a dual-motor all-wheel drive that can produce up to 402 horsepower. With a targeted driving range of 300 miles, a host of intuitive safety features, and a sleek interior design, this car can transform your EV experience.

  • Perks of buying a used Mercedes

    When a buyer sources the used car market and finds a luxury car that is on sale for a low price, consumers tend to take to them immediately based on price. However, being a little cautious when picking out a used luxury car can be useful to make sure that the deal is worth in the long run. Mercedes is one of the best picks in the used car market because they are not only reliable, but they also have the following positives:

    Quality: Buying a used Mercedes that is a few years old will still be a better deal than buying any other economic car since the Mercedes will have a lot more features and options to offer the buyer. Compared to a Honda Accord or a Toyota Camry, the used Mercedes will have superior quality interiors made of walnut wood trim and include options like leather, sunroof, illuminated buttons, power seats and windows, and much more. A used Mercedes will also include the original standard features that were built into the car like traction control, cruise control, adjustable seats and steering wheel, multiple airbags, and anti-lock brakes.

    Aesthetic appeal: The appearance of a used Mercedes will any day win hands-down against other economical cars due to its unique designing and style. However old the car, the looks department will be better on a Mercedes.

    Depreciation: For any luxury car, the depreciation value sets in rapidly during the first five years. Beyond this timeframe, the depreciation value of a Mercedes is similar to Lexus, Hyundai, Toyota, and Honda.

    Comfort and Driving Ease: Mercedes has top end suspension since its institution as a car manufacturer. A drive in the Mercedes would any day be not only a comfortable one but also safe and luxurious at the same time. People who have had the chance to drive or travel in a Mercedes Benz E-class, or S-Class will have felt the air suspension, and Mercedes make sure that this comfort is never compromised in any of its cars. Driving an old Mercedes would feel the same way as would a new BMW, Lexus, or Audi.

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Featured Blogs

  • Best place to shop for Gillette razors
  • The importance of using merchant services for business development
  • Dooney Bourke Handbags for Women at the Best Prices

Recent Blogs

  • Popular Apple iPads You Can Buy

    Ever since Apple Inc. stepped into the market of gadget manufacturing, it has stood amongst the top-ranking companies with the production and sales of emblematic gadgets. Apple computer, phones and then the iPad launch have brought a revolution in the world of gadgets. The launch of the latest 5th generation Apple iPad, with even more advancement, is an enviable change in this gadget.

    If you wish to know deeply, scroll down to read the whole article.

    Apple iPad Pro

    You may own this exclusive Ipad at a heavy price of $756. But its features justify this price. The smooth functioning of apps, smart keyboard, and apple pencil are some of them that adorn the iPad Pro. The 10.5 inches screen in 1668 by 2224 pixels resolution, 12 megapixels rear and 7 megapixels front camera and a great audio speaker makes it suitable for all the business professionals and gadget freaks.

    10.5 inches iPad Pro

    It has 20% larger display as compared to iPad 2017. Its screen size is 10.5 inches and storage capacity varies from 64GB to 256GB and 512GB. Some other features like A10x fusion chip, 4GB RAM 12 megapixel back camera, accessories like the additional keypad and an Apple Pencil make it advance and apt for those looking for style as well as functionality. This iPad is available in rose gold. Its base price is $650 and maximum price is $999.

    iPad Pro 12.9

    You may spend $863 if you are among those who wish to replace their laptops with this marvelous looking iPad. Its 12.9 inches screen makes it look heavy and is an awesome substitute for MacBooks.
    It weighs 677gm, making it the heaviest iPad than any other Ipad. The operating system is iOS 11, same as all other Ipads and the processing unit is A10X Fusion. All the features make it apt for multitaskers and professionals.

    Apple iPad Pro 2016

    Is the best option for the hardcore users. The screen is 9.7 inches and 1536 by 2048 pixels resolution. The 240mm by 169.5mm by 6.1mm dimension and weight of 437gm makes it light and easily portable. The price of this gadget is $329.

    12.5 inches iPad Pro

    This is the most stylish and sleek designed iPad. With a display of 12.9 inches, it offers 2730 by 2048 pixels camera. Its weight is nearly 700 gm and it comes with accessories like the keypad and a pencil for its pressure receptive screen. The iPad costs approximately $799 and goes up to $1150.

    iPad Pro 12.9

    You get this large-screen, extremely powerful iPad at an approximate cost of $399. The 12.9 inches screen has a resolution of 2048 X 2732 pixels. The screen is wide enough with 305mm X 220mm X 6.9mm dimension and weight of 713gm makes it slightly heavier. The iOS 10 operating system with 4GB RAM and A9X processing unit make its functioning smooth and powerful.

    Apple iPad Air 2

    It is an outdated version of iPad Pro 9.7 with lacking features like the smart keyboard, Apple pencil and audio speakers. The 437 gm weight and 240mm X 169mm X 6.1mm gives it a sleek and slim outlook, thus making it easily portable. At an approximate price of $296, you get features like 8 megapixels back and 1.2-megapixel front cameras, nearly 10 hours of battery backup, minimum 16 to maximum 128 GB of storage capacity and an adjustable white balance screen.

    So if you wish to own a stylish luxury tablet, then you can consider the Apple iPads. All you need is a pocket full of hard cash and this elegant gadget will be yours. It comes with loads of benefits and investing in one is absolutely worth it.

  • How to choose the best facial cleansers

    We live in times where there is an influx of all kinds of products, and facial cleansers are no different! Therefore, you will find a variety of skin care brands with the promotional claims of being the best! But while purchasing facial cleansers, you must scrutinize several things so that it doesn’t damage your skin in the long run. Here are a few factors that you should be mindful of when you pick a facial cleanser.

    Skin type Determining your skin type will allow you to narrow down the best facial cleansers. Some of the common skin types are

    • Normal Such type has a perfect amount of natural skin oils.
    • Dry This skin type can often come across as flaky, tight and rough.
    • Oily Even after washing the skin regularly, such skin type can easily retain its oiliness.
    • Combination This a blend of both oily, sensitive and dry skin.
    • Sensitive Such form of skin is easily affected by chemical solutions, i.e., after the application of a random soap or facewash, it can experience itching or stinging.

    One or multiple products When you discover your skin type you can begin shortlisting the best facial cleansers that are suitable for your skin. The need for multiple products will arise when there is a change in the season. For instance, during winters almost all skin types will need a moisturizing facial cleanser. Similarly, during summers, you might require mild to deep cleansing products. You can also opt for different cleansers for morning and before sleeping (for removing makeup).

    Ingredients Every consumer will have a distinctive approach towards choosing products, especially when it comes to the ingredients. For instance, for a person with normal skin, a basic cleanser loaded with chemicals works fine. On the other hand, for a person with an itchy skin has to avoid cleansers with drying agents. Nevertheless, it is a good habit to be aware of different elements and their influence on your skin. So, ensure that you check the ingredients label, especially if you have sensitive skin. You can find plenty of beauty blogs and consumer reviews to understand this part of the shopping process.

    If you still haven’t found the perfect match even after determining the right skin type, products, and formulation, then visit a dermatologist. There might be some specific reason why your skin is not responding to the products.

    Also, apart from using the best facial cleansers make sure that you keep yourself hydrated and have a healthy balanced diet.

  • A quick guideline for Prosper personal loans

    Prosper is an online peer-to-peer (p2p) lending platform that offers loans to individuals at a fairly low-interest rate. Established in 2006, Prosper became the first firm to enter the p2p lending market. It provides loans to individuals with average to excellent credit score. Any individual with a minimum of 640 credit score is considered eligible for a Prosper loan.

    How Does Prosper Work?

    It must be usual for people to wonder, how Prosper manages to lend money at an interest rate far lower than the industry. The answer is simple. Unlike banks & other financial institution, Prosper doesn’t have branches, operating online helps Prosper saves on the expenses other financial institutes have to bear. These savings help provide relief to their customers as low interest rates.

    When an individual applies for a loan on Prosper’s website, they request necessary information of the applicant after which Prosper makes a soft credit check of the borrower’s credit history. This soft credit inquiry doesn’t affect the credit score as it doesn’t reflect on the public credit report. This soft credit check helps Prosper determines whether the individual is eligible for a Prosper loan. Once the applicant has succeeded in the soft credit check, Prosper makes a hard credit check to confirm his eligibility for the loan. This hard credit check reflects on the credit report for the next two years. Get detailed information on hard and soft credit check here. When the applicant’s credit history seems satisfactory, he/she is provided an eligibility confirmation for a Prosper Loan.

    On completion of credit check, the applicant receives a confirmation noting the loan has been processed and that the amount will be transferred in 1-4 business days (to eligible applicants). The applicant gets the amount in their provided bank account within the said duration.

    What are the charges of Prosper?

    Please note that the amount received will not be equivalent to the loan amount applied for, as an origination fee ranging from 2.4% to 5% will be deducted from the amount borrowed. An origination fee is a fee charged by Prosper to process the loan. The origination fee rate depends on the applicant’s credit score, individuals with the excellent score being charged 2.4% while an average scorer would be charged 5%. The better the credit score one has, the lesser the origination fee he has to pay. If you are in need of a particular amount, be sure to calculate the origination fee in advance and add it to the borrowing amount to get the desired amount. For example, if you are in need of $2,000 be sure to request a loan of $2105, as 5% of $2105 is $105, which will give an amount of $2000 after the deduction of origination fee.

    How to Apply for a Prosper Loan?

    Prosper loan applications are quick and easy. The entire process is done online on Prosper’s official website. Follow the below mentioned steps to apply for a Prosper Loan:

    • Log in to Prosper’s official website.
    • Prosper requests some of your personal information – name, address, date of birth, monthly housing expenses and loan requirements as a part of the loan application.
    • Once you have filled these details, you will be asked to create a password for your account with Prosper.
    • Prosper will run a soft inquiry of your credit report & provide you with a confirmation of whether or not you are considered eligible for a loan on the next screen. Here, it will display the rate of interest you will be charged for the loan. Along with the rate of interest, it will show the ARP. ARP or Annual Percentage Rate is more important than the interest rate as it is a sum of origination fee and interest rate.
    • Prosper offers you a fixed payback term of 3 or 5 years, which will be shown along with their respective interest rate. It will also display the maximum amount you can borrow from Prosper, i.e., if you want to borrow a bigger amount than what you initially applied for, you can make the changes here.
    • Once you have selected the amount and the payback term, you will be taken to the next screen, where, additional details about the applicant is requested.

    Details requested would be:

    • Personal Phone Number
    • Employment Details
    • Social Security Number

    Since sensitive information like Social Security Number is requested on their site, Prosper has secured their website with encryption to process information securely.

    • Once you have filled in the additional personal details, the next screen would display all the loan terms, i.e., ARP, Origination Fees, Loan Amount, Total Payments, etc. Make sure you read everything carefully to be well informed of the loan terms before borrowing from Prosper.
    • Once you have accepted terms of the loan, you can complete your application with Prosper by doing the following:
      • Add Bank Account Details: There are two ways to provide your bank account details to prosper, the first and the quickest way to do this, is to provide your bank account login and password to prosper so that they can verify your bank details the fastest. If you are not comfortable sharing your bank login, you could opt for the second way, i.e., provide your bank account number and routing number, which Prosper will use to verify with your bank by depositing a small amount, usually less than 10¢. This second method is a long process and might take some time for the verification to be completed.
      • Upload / Fax Additional Documents: Prosper might want you to upload few supporting documents like a bank statement or tax document in PDF format or fax it to them. These documents are used to verify your information before processing the loan.

    Once you have completed the above mentioned steps, Prosper will display a confirmation stating –

    Prosper Loans Application Confirmation

    In Image: Prosper confirms application receipt. It also mentions that they are reviewing your application and will send you an email regarding your application in an hour.

    • After this, Prosper runs a hard inquiry that will remain on your public credit report for at least two years.

    Benefits of Prosper Loans

    Prosper is not only the quickest and easiest way to apply for a loan, but also have additional benefits:

    • Individuals with a credit score as low as 640 are considered eligible for a Prosper Loan. This low score consideration is a great relief to people with a poor credit history.
    • Prosper loan is processed in as low as one day in some cases. Their quick process helps in easy access to money during emergencies.
    • Due to Prosper’s soft credit checks, there will be no effect on the credit report if you are only looking to check your interest rates.
    • Prosper loans are lent on a fixed interest rate, irrespective of market changes or payment delays, Prosper loans’ interest rate stays unchanged throughout the repayment term.
    • Prosper offers one of the lowest interest rates in the market. This low rate helps save on the extra interest you might have to pay with other personal loans.
    • No extra fees or penalty is charged in case of early closure or payment of the extra amount.

    Drawbacks of Prosper Loans

    Although there don’t seem to be many drawbacks of Prosper loans, we have mentioned below a few things that might be inconvenient for some:

    • Prosper’s hard credit inquiry might have a slight impact on your credit report for about six months, lowering your score faintly.
    • If you are looking to borrow an amount that is anything lesser than $2000 or greater than $40000, Prosper might not be of great help as they have a borrowing scale of $2000-$40000.
    • If you are looking for a long payback term to lower your monthly EMIs, Prosper might not be the right choice for you, as Prosper offers a maximum payback term of 5 years.
    • If your loan goes unfunded for 14 days, you might have to reapply, which means a longer wait time.
    • Prosper’s origination fee might be of major concern for some people as it could go up to 5% of the loan amount.
    • Although a loan term of 60 months / 5 years is available with Prosper, the interest rates for five years repayment term is higher than that of 3 years. This might discourage most of the applicants from opting a 60 months term.
    • Prosper is unavailable in a few states, namely, Maine, Iowa, and North Dakota. Making it impossible for the residents of these states to borrow via Prosper.
    • If your credit score is anything below 640, you might not be able to borrow via Prosper Loans. In such cases, you might have to consider loans for poor credit score.
    • If you do not have a job or a stable income, your loan might not be approved.
    • Only individuals can apply for Prosper Loans. If you are looking to co-borrow a loan, you might have to look elsewhere as Prosper doesn’t support co-borrowing.

    The best situation will be not to have to borrow money or take any loan, in case you must, Prosper Loans are a good choice with low-interest rates and easy repayment options.