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Bonus iPad Or iPod Nano For New Prosper Lenders

Sunday, June 19, 2011 - 10:38 AM
Prosper has a good bonus deal for new lenders. Those who invest $20K by July 31, 2011 can get a new Apple iPad 2. The promotion is scheduled to end on June 30, 2011.

Prosper has the details on its promotion page.

Some of the important small print includes:
This offer applies only to new Prosper lenders who (i) open a Prosper investment account between June 13, 2011 and June 30, 2011, and (ii) satisfy the following investment thresholds by July 31, 2011: 1) $5,000 to $9,999 for an iPod Nano, 8 GB ; 2) $10,000 to $19,999 for a set of Bose QuietComfort 15 Noise-Cancelling Headphones, and 3) $20,000 or more for an iPad 2 32 GB WiFi model. Only investments that become funded Notes by July 31, 2011 will be counted towards the investment thresholds.
[...]
All promotion awards will be ordered by August 26, 2011 for delivery to the lender's address on file. Promotion awards are subject to availability and quantities may be limited; Prosper reserves the right to substitute an Apple Store gift card of equal value. Lenders who receive promotional offers from Prosper may be subject to IRS Form 1099-MISC reporting requirements should the total value of those items exceed $599 in a calendar year.

Prosper is a person-to-person lending service that removes the bank from the process. Accounts are NOT FDIC insured. Prosper is advertising actual returns (based on its history) of 10.4%. Of course there's a chance of loss if borrowers default.
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Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
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