Avant vs. SoFi Personal Loans: Side-by-Side Comparison

Last updated 01/22/2026 by

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Summary:

Trying to decide between SoFi and Avant? SoFi offers higher loan limits and potentially lower starting APRs, making it ideal for well-qualified borrowers. Avant, on the other hand, is a solid choice for those with fair credit who want smaller loans and a quick funding process.

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Side-by-Side comparison Avant vs. SoFi

Feature	Avant	SoFi
Loan Amounts	$2,000 - $35,000	$5,000 - $100,000
APR Range	9.95% - 35.99%	8.74% - 35.49%
Loan Terms	24 months - 60 months	24 months - 84 months
Minimum Credit Score	600 - 760	680 - 850
Origination Fees %	Up to 9.99%	0% - 7%
Origination Fees $	N/A	$0
Late Payment Fee	$25	N/A
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 provides personal loans to borrowers with fair to good credit and focuses on quick access to cash. Loan amounts range from $2,000 - $35,000 with APRs starting at 9.95%.

Terms are flexible — 24 months - 60 months — and funds are typically disbursed within one business day. Avant is a good option for those looking for fast, accessible funding with a credit score starting at 600.

Borrowers should review fees carefully. Avant may charge up to Up to 9.99% in origination fees and assesses a $25 late fee.

User Score:strongly recommended

About SoFi

SoFi is a leading online lender known for offering large loan amounts and borrower-friendly perks. Its personal loans range from $5,000 - $100,000 with APRs starting at 8.74.

SoFi offers personal loans with No prepayment or late fees, while origination fees range from 0% - 7% depending on the loan. Terms span 24 months - 84 months, and approved borrowers may receive funds as soon as the same day.

Ideal for good to excellent credit borrowers with a score starting at 680, SoFi also offers perks like financial planning tools, Direct Pay for debt consolidation, and member rewards.

User Score:mostly recommended

Key Differences Between Avant and SoFi

While both are trusted lenders, they differ in important ways — from loan size and fees to borrower requirements and user satisfaction. Here’s how they stack up.

Loan Amounts: Avant offers loans from $2,000 - $35,000, while SoFi provides much higher limits ranging from $5,000 - $100,000.
APR Range: Avant has an APR range of 9.95% - 35.99%, while SoFi starts lower with 8.74% - 35.49% — better suited for well-qualified borrowers.
Loan Terms: Avant allows 24 months - 60 months repayment terms, while SoFi offers longer repayment flexibility with 24 months - 84 months.
Credit Requirements: Avant generally accepts lower credit scores (600 - 760), while SoFi typically targets stronger credit profiles (680 - 850).
Origination Fees: Avant charges up to Up to 9.99%, while SoFi fees range from 0% - 7%.
Late Fees: Avant charges $25, while SoFi does not charge a late payment fee.
Funding Speed: Avant typically funds loans within 1 business day, while SoFi may disburse funds as soon as the same day.
User Reviews: Avant is strongly recommended with 704 reviews, while SoFi is mostly recommended with 108 reviews.

These differences can make a big impact depending on your financial goals. Whether you’re prioritizing low fees, flexible terms, or broader accessibility, understanding how Avant and SoFi compare will help you make a more confident borrowing decision.

Which Lender Is Best for You?

The right personal loan lender depends on your credit profile, loan amount needs, and whether you value perks or simplicity. Here’s a quick guide to help you decide:

Choose Avant if:
- You have a fair credit score (600 - 760) and want a lender that caters to a wider credit spectrum.
- You need fast funding — Avant typically disburses funds within 1 business day.
- You’re borrowing a smaller amount — Avant loans start at $2,000 - $35,000 and go up to $35,000.
- You prefer a simple, no-frills borrowing experience with flexible repayment terms (24 months - 60 months).
Choose SoFi if:
- You have good to excellent credit (680 - 850) and want to qualify for the lowest rates (8.74% - 35.49%).
- You need to borrow a large amount — SoFi loans go up to $100,000.
- You want added perks like rate discounts, Direct Pay for debt consolidation, and member benefits such as financial planning tools and rewards.
- You prefer no fees. SoFi loans typically have no late or prepayment fees, and origination fees range from 0% - 7%.

What’s Next?

Learn more about each lender in our detailed reviews:

Avant:

Read the full Avant review – strongly recommended

SoFi

Read the full SoFi review – mostly recommended

Comparing lenders head-to-head is one of the best ways to make an informed decision. Here are more expert guides to help you weigh your choices and find the best fit for your financial needs:

Upgrade vs Avant
Discover how Avant compares to Upgrade in terms of credit requirements, APR, and user satisfaction — ideal if you’re weighing two fast and flexible lenders.
Avant vs Best Egg
See which lender offers the best experience for borrowers with fair credit, and how they differ when it comes to fees and funding speed.
LightStream vs SoFi
Compare two premium lenders that offer low rates, large loan amounts, and zero fees — perfect for well-qualified borrowers.
LendingClub vs SoFi
Explore how these two online lenders stack up when it comes to approval criteria, customer experience, and funding times.
SoFi vs Upgrade
A head-to-head look at two of the most popular personal loan providers, including differences in rates, perks, and loan terms.

Or, for a full list of top-rated lenders, check out our Personal Loan Reviews page.

Key Takeaways

Avant offers personal loans from $2,000 - $35,000, making it a good fit for borrowers with smaller financing needs.
SoFi provides higher loan amounts (up to $100,000) and competitive rates starting at 8.74.
Avant may accept credit scores as low as 600 - 760, while SoFi generally targets borrowers with 680 - 850.
SoFi stands out for its low fees (0% - 7% origination, no late or prepayment fees) and borrower perks like financial planning tools, member rewards, and Direct Pay

FAQ about Sofi and Avant loans

Is SoFi better than Avant for personal loans?

It depends on your credit score and loan needs. SoFi is better for borrowers with good to excellent credit who want low fees and borrower perks. Avant is better for fair credit applicants needing quick access to funds.

Do SoFi and Avant charge late fees?

Yes, both lenders may charge a late payment fee. Always review the loan agreement to understand the fee schedule and due dates.

Can I get approved for a loan from Avant or SoFi with fair credit?

Avant is more likely to approve borrowers with fair credit. SoFi generally requires a higher credit score and a stronger financial profile.

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