LendingClub vs Avant Loans Compared: Rates, Terms & User Ratings

Last updated 08/13/2025 by

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Summary:

Looking for a personal loan and torn between Avant and LendingClub? Both lenders offer flexible repayment terms and competitive APRs, but they serve slightly different borrower profiles.

Avant may be a better fit for borrowers with fair credit who want smaller loans and quick funding. LendingClub offers higher loan limits and longer repayment terms, and may appeal to those who want to borrow more and manage payments over time.

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Side-by-Side comparison Avant vs. LendingClub

Feature	Avant	LendingClub
Loan Amounts	$2,000 - $35,000	$1,000 - $60,000
APR Range	9.95% - 35.99%	6.53% - 35.99%
Loan Terms	24 months - 60 months	24 months - 72 months
Minimum Credit Score	600 - 760	600 - 850
Origination Fees	Up to 9.99%	0% - 8%
Late Payment Fee	$25	$15
Prepayment Fee	No	No
Checking Account Required	Yes	Yes
Pre-Qualified Soft Credit Inquiry	Yes	Yes
SuperMoney User Score	strongly recommended	mostly recommended

About Avant

Avant is a personal loan provider that focuses on helping borrowers with fair to good credit access fast funding. Loan amounts range from $2,000 - $35,000, and APRs start at 9.95% - 35.99%.

You can choose repayment terms between 24 months - 60 months, and in many cases, funds are disbursed as soon as the next business day. Avant works with borrowers in the 600 - 760 range and charges an origination fee of up to Up to 9.99%. A late fee of $25 may also apply.

User Rating:
strongly recommended

About LendingClub

LendingClub is a well-established online lender that provides personal loans for a variety of purposes, from debt consolidation to major expenses. Borrowers can apply for loans ranging from $1,000 - $60,000, with APRs starting at 6.53% - 35.99%.

Loan terms are flexible, ranging from 24 months - 72 months, and funds are typically deposited within a few business days. LendingClub works with borrowers in the 600 - 850 range and may charge an origination fee of 0% - 8%. A late fee of $15 may apply.

User Rating:
mostly recommended

Key Differences Between Avant and LendingClub

Avant and LendingClub may seem similar at first glance, but their offerings vary in meaningful ways — from loan size and credit accessibility to repayment flexibility and fees. Here’s a closer look at how they compare:

Loan Amounts: Avant offers loans from $2,000 - $35,000, while LendingClub provides a wider range with loans up to $1,000 - $60,000, making it a better fit for larger financing needs.
APR Range: Avant has an APR range of 9.95% - 35.99%, while LendingClub starts slightly lower at 6.53% - 35.99% for well-qualified borrowers.
Loan Terms: Avant provides terms from 24 months - 60 months, while LendingClub offers more extended options with 24 months - 72 months.
Credit Requirements: Avant is more accessible to borrowers with fair credit (600 - 760), while LendingClub may favor stronger credit profiles (600 - 850).
Origination Fees: Avant may charge up to Up to 9.99%, and LendingClub also charges an origination fee of 0% - 8%.
Late Fees: Avant charges $25, while LendingClub’s late fee is $15.
Funding Time: Avant typically funds loans within 1 business day, while LendingClub may take a few business days depending on application and verification.
User Ratings: Avant is strongly recommended based on 704 reviews, while LendingClub is mostly recommended with 31 reviews on SuperMoney.

Each lender brings something different to the table. Whether you’re after speed, higher borrowing limits, or broader credit accessibility, these key differences will help you align your loan with your financial priorities.

Which Lender Is Best for You?

Avant and LendingClub both offer competitive personal loans, but they cater to different types of borrowers. Here’s how to decide which one fits your situation best:

Choose Avant if:
- You have fair credit and fall within 600 - 760.
- You need fast funding — Avant typically disburses funds within 1 business day.
- You’re looking for a smaller loan amount, as Avant offers up to $2,000 - $35,000.
- You want a lender with a strong user rating (strongly recommended with 704 reviews).
Choose LendingClub if:
- You want to borrow more — LendingClub offers loans up to $1,000 - $60,000.
- You prefer longer repayment flexibility, with terms up to 24 months - 72 months.
- You’re seeking a lower starting APR: 6.53% - 35.99%.
- You don’t mind waiting a few extra days for funding.

What’s Next?

Want a deeper look at each lender? Read our full reviews to see detailed pros, cons, eligibility info, and real user feedback:

Avant

Read the full Avant review – strongly recommended

LendingClub

Read the full LendingClub review – mostly recommended

Still deciding between Avant and LendingClub — or wondering how they compare to other lenders? Check out these related personal loan matchups to explore all your options and find the best fit for your needs:

Upgrade vs Avant
Compare Avant with another leading online lender to see how they differ in terms of loan features, credit requirements, and funding speed.
Avant vs Best Egg
See which lender is better for fair credit borrowers and how their fees, rates, and repayment terms stack up.
LendingClub vs SoFi
Discover how LendingClub compares to a no-fee, high-limit competitor that targets strong credit borrowers.
SoFi vs Upgrade
Explore how two top-tier personal loan lenders stack up in terms of perks, loan amounts, and user satisfaction.

Or, browse our complete list of lenders on the Personal Loan Reviews page.

Key Takeaways

Avant offers smaller loan amounts ($2,000 - $35,000) and is a strong option for fair credit borrowers needing fast access to funds.
LendingClub provides larger loans (up to $1,000 - $60,000) and longer terms (24 months - 72 months), making it ideal for more flexible repayment.
LendingClub has a lower starting APR (6.53% - 35.99%), but Avant typically funds faster — often within 1 business day.
Avant is rated strongly recommended by SuperMoney users, while LendingClub is mostly recommended based on recent reviews.

FAQ about Avant and LendingClub

Is Avant or LendingClub better for fair credit borrowers?

Avant is generally the better choice for fair credit borrowers. It accepts lower credit scores (600 - 760) and focuses on accessible funding for those who may not qualify with stricter lenders like LendingClub.

Which lender offers more flexible repayment terms?

LendingClub provides longer loan terms (24 months - 72 months), which can be helpful if you want to lower your monthly payments or need extra time to repay. Avant’s terms go up to 24 months - 60 months.

Do Avant or LendingClub charge late payment fees?

Yes, both lenders may charge late fees. Avant’s late payment fee is $25, while LendingClub’s is $15. Be sure to review your loan agreement for full details.

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