Paying your loan back early will reduce the total cost of the loan. The following calculations will give you an estimate of what your loan could cost. Before repaying your loan there are a few things to consider, if you have had the loan for less than 6 months repaying the loan in full can negatively affect your credit score. If you have a low credit score repaying the loan in less than 6 months may not help improve your credit score.

If you take out a loan for $3000 at 15% for 36 months your total cost of the loan would be $743.82. If we wanted to find out what the loan would cost for 9 months we could use the following equation:

743.82 / 36 = 20.66 ($743.82 divided by 36 months equals $20.66 a month)
20.66 * 9 = $185.95 ($20.66 a month multiplied by 9 months equals $185.95)

If you repay the loan in 9 months you would only pay $185.95 in interest that would equal 3.94% interest! This calculation assumes that you pay $354.00 a month for 9 months. If you were to pay the minum payment for the first 8 months then pay the loan of in the ninth month

Prosper Articles
	Loan Listings Tips & Tricks A must read for borrowers, here are several guidelines that will help your loan fund at the best rate the marketplace can offer.
	Apple User Group Information Page A in-depth look at what the Apple User Group offers borrowers and lenders in the Prosper marketplace.
	Understanding Your FICO Score See what is comprised of your FICO Score and how if affects what credit grade you are assigned, and the interest rate you will be-able to get a loan for.
	Improve Your FICO Score Some basic tips on how to improve your FICO score and get better interest rates.
	The Lenders Prospective Borrowers wanting to understand more about how lenders view you loan, some factors used by lenders to determine if, how much and at what rate they will bid on your loan.
-	Going Interest Rates On Prosper Before composing a loan listing see what the going interest rates are on Prosper for your credit score.