Avant Review


Rating: 8.4 / 10 (Excellent)
Disclosure: We receive advertising revenue from some partners. Learn more.
How is Avant rated?
7/10
Company Profile
9/10
Loan Basics
7/10
Additional Fees
9/10
Qualification
10/10
Application
8/10
Services and Features
9/10
Customer Support

Avant is an online lending platform that offers access to unsecured personal loans. The company offers a convenient loan application process that lets you check rates without affecting your credit score. Avant promises quick decision times and funds could be deposited the next business day if approved. Loans come without any prepayment fees and application can be done in as little as 5 minutes.

Company Profile

BBB Rating

A

TrustPilot

9.1

CreditKarma

4.6

Participating States

47 states plus the District of Columbia

Loan Matching Service

Loan Basics

Minimum Loan Amount

$1,000

Maximum Loan Amount

$35,000

Loan Terms

2 to 5 Years

APR

9.95%-35.99%

Interest Rate

Not Stated

Origination Fee

0.95%-4.75%

Late Payment Fee

Varies by state

Additional Fees

Upfront Fees

None

Consultation Fees

None

Fees and Charges

Varies by state

Prepayment Penalty

None

Qualifying

Proof of Income

Credit History

Financial Stability

Equity

Minimum Credit Score

580

Application

Online Application

Response Time

Within 24 hours

Direct Deposit

18+ Years of Age

US Citizen or Permanent Resident

Social Security Number

Home Address

Email Address

Checking Account

Customer Support

Email

Phone

Loan Consultants

Summary

People searching for debt consolidation loans could take advantage of personal loans through Avant. The company offers an online application that can take as little as 5 minutes and quick deposit times. What's more, if approved, funds could be deposited as soon as the next business day if approved by 4:30 pm CST Monday-Friday.

For example: A $6,500 loan with an administration fee of 3.75% and an amount financed of $6,256.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $265.40. 

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