As a result of the vast majority of private loans are of the unsecured sort. For example, a three-year $10,000 mortgage with a Prosper Score of AA would have an rate of interest of 5.31% and a 2.41% origination fee for an annual proportion price (APR) of 6.ninety five% APR. Totally different lenders have different standards for who they give loans to so evaluate providers and only apply for as a lot money as you want.