As a result of nearly all of personal loans are of the unsecured kind. For instance, a three-12 months $10,000 mortgage with a Prosper Ranking of AA would have an rate of interest of 5.31% and a 2.forty one% origination charge for an annual share fee (APR) of 6.95% APR. Completely different lenders have different criteria for who they offer loans to so evaluate suppliers and solely apply for as a lot money as you need.