Avant - Personal Loans Review


Rating: 6.4 / 10 (Very good)
6 Customer Reviews - see all reviews
Disclosure: We receive advertising revenue from this partner. Learn more.
How is Avant rated?
5/10
Loan Basics
5/10
Service Features
8/10
Qualification
5/10
Additional Fees
9/10
Customer Experience

Avant is an online lending platform which provides access to unsecured loans which are issued by WebBank.  Loans range anywhere from $1,000 to $35,000. However, available amounts for personal loans vary from state to state. APRs start at 9.95% to 35.99% and generally are determined by the borrower’s credit rating.

Category

Direct loan service

Loan Details

Unsecured Personal Loans

✔ All unsecured installment loans issued through Avant are made by WebBank, member FDIC.

Minimum Loan Amount

$1,000

Maximum Loan Amount

$35,000

Minimum Loan Period

2 Years

Maximum Loan Period

5 Years

Loan Rates

9.95% to 35.99%

Direct Deposit

As soon as the next business day if approved by 4:30 pm CST Monday - Friday.

Avant Representative Sample

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.

Application

Avant only accepts online applications, and like most online applications, the information is submitted to obtain a quote. Those who qualify for a loan are given several borrowing options. After deciding an amount and getting approval, you are asked to e-sign the contract to complete the loan process.

Online Application Time

A few minutes

Response Time

A few minutes

Qualifications

Must be 18 Years Old and Older

 Bank Account that Accepts ACH Transfers

Driver’s License or Government Issued Identification

Information Used

Debt Income Ratio

Credit Score

Current Income

Employment History

Avant Personal Loans Summary

Avant may not have the best rates reviewed, but it does come with other goodies such as excellent customer service and credit bureau reporting. While other lending platforms may offer lower interest rates, you generally are only eligible if you have a good credit rating. Avant, on the other hand, can be of use to borrowers with fair to average credit ratings.

 

 

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Latest Reviews

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C
[email protected]
La Crescenta, California
6/9/2017
If theres zero..they deserve it big ZERO.. after submiting all requirement.Keep calling and talking to representative ,only to verify all employment and talking about the same issue for 2 weeks..a waste of time..Hopefully they dont get youre info and use it for themselves..

Islam F
Brooklyn, New York
6/4/2017
I need this personal loan as soon as possible and I'm ready for any circumstances any interest. That's personal loan to go back to school.I already had the scoalarship I just need the expense to make me move out from NY to PA. and I'm willing to sign on any doucmimt. Thanks

G
Georgette S
Lithonia, Georgia
6/16/2016
Intrest rate too high even with a history of on time payment and paid off loan. Not sure why but would not recommend for furture use

A
Arian J
Elmhurst, Illinois
4/20/2016
Canceled payment modification agreement and then reported me as not having made payments for 120+ days even though I had made the payments. Spoke today to Daniel Chang who is their director of compliance. He is super rude, disrespectful, and condescending. With leadership like him no wonder Avant's customer service team sucks. Will be pursuing legal action against Avant.

L
Lola K
Manassas, Virginia
4/9/2016
Do not apply for lans with AVANT! My score is 651 due to loss of employment in 2011 and a couple of judgements by credit cards. All my payments are 98% on time. I support 4 dependents and asked for pitiful $30,000 that I am short on buying a condo for cash for my family. These mean lenders maid an inquiry, lowered my credti score and BLATANTLY REFUSED me in the loan.

R
Rodney J
Santa Cruz, California
6/8/2015
Avant is The Best Thing That Happened to Me !! The Loan Process was Fast and Easy with No Hassle !!! The Money was in My Account by Noon The Next Day !! The Experience was Like Christmas Coming Early !!!!!!!!!

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