in Personal Loans

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302 users recommend
11 users are unsure
49 users don't recommend
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Where does Avant do business?

Avant is a lending platform based in Chicago, IL. Founded in 2012, Avant offers access to personal loans in 46 states (and Washington, DC).

What are the APRs offered via Avant?

Avant offers a fixed APR personal loan product that ranges from 9.95% up to 35.99%.

Does Avant charge an origination fee?

Yes, Avant charges a loan origination fee of up to 4.75% of the loan amount.

Does Avant charge a late fee?

Yes, Avant may charge borrowers a late payment fee of up to $25, which is triggered if you're 10 days late.

Does Avant charge prepayment fees?

No, Avant does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow via Avant?

Loan amounts start at $2,000 and go up to $35,000.

What is the maximum loan term you can get with Avant?

Avant offers personal loans with terms ranging from 24 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Avant?

Applicants with a credit score of at least 580 can apply for a loan via Avant . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify for a Avant loan, applicants need a minimum annual income of $20,000 or higher. Avant only considers borrowers who are employed and meet the minimum income requirement.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via Avant. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Applicants must have an active and valid checking account
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income

What is the estimated funding time for a personal loan via Avant?

Avant will typically provide a credit approval decision in less than an hour and fund the loan within 3 days.

Does Avant report loan payments to credit bureaus?

Avant may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

AVANT Disclosure: Actual loan amounts, term, and annual percentage rate (APR) vary based on credit history, current income, ability to repay, and other factors. For example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. If approved, the actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC.
SUPERMONEY Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...


  • Headquarters
  • 222 N. La Salle St., Suite 1700
    Chicago, IL 60601 USA
  • Visit Site

Message from Avant

We love what we do. Over 600,000 customers have been helped by transparent & convenient personal loans.


Available in 46 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Late Fee After (number of days)
Late Fee Amount
Origination Fee
Up to 4.75%
Minimum Age
Credit Score Range
580 - 740
850 300 580 740
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Annual Income
Bank Account Required?
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Only Individual Applications
Verification Documents Required
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount
$2 - $35
$100 $100+
Loan Term (Months)
24 - 60
1 180
(Fixed APR)
9.95% - 35.99%
4% 100%+


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