Figuring out the best peer lending platform for you depends on how much you need to borrow, origination fees associated with the platform, the interest rate you qualify for, and other factors. Some platforms charge origination fees as high as 6% and might require a higher loan minimum than you actually need to borrow. Prosper, another well-known peer-to-peer lending platform, offers a minimum personal loan of $2,000, for example. If you only need a $1,000 loan, this may not be the right platform for your needs. When comparing options across peer lending platforms, it’s important to weigh how much the loan will cost you and what you can realistically afford to borrow.