Good luck! In my experience Prosper has a origination fee so the actual interest rate is lower than the APR, but they take the fee from proceeds before disbursing the rest. I think mine was 3%, so $600 off the top on a 20k loan.
What kind of docs are they requesting? I'm looking at a personal loan thru them as I was turned down by USAA for too many inquiries (I have to dispute that) and other things that a loan consolidation would take care of.
Keep in mind that these peer to peer loan companies show up on your credit report as a consumer finance account... They are a credit score ding for the 10 years that they report. I got a loan from Best Egg and got the CFA reason code on my auto and mortgage scores. It’s the second most damaging factor in my TU auto score.
If you cant finance through a bank and you have no other options, it’s worth the points, but if you have other means to pay or can get a higher APR from a bank or credit union, you might consider doing so to avoid the damage that a CFA does to your score.