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Avant Personal Loans

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Avant Personal Loans

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in Personal Loans from Avant LLC

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606 users recommend
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58 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Loan Amount $2,000 - $35,000
APR  (Fixed APR) 9.95% - 35.99%
Loan Term 24 - 60 months
Number of Reviews 685

Avant Personal Loans Review

Avant Personal Loans is offered by Avant LLC, a financial services company founded in 2012 and based in Chicago, IL. It is made possible by a bank partnership with WebBank. Avant Personal Loans is available in 45 states (and Washington, DC).

What rates and terms does Avant Personal Loans offer?

What personal loan APRs does Avant Personal Loans offer?

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

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via Avant Personal Loans?

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

What can a personal loan from Avant Personal Loans be used for?

Personal loans from Avant Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.

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

Avant Personal Loans 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.

Avant Personal Loans Rates & Terms
Loan Amount $2000 - $35000
Loan Term 24 - 60 months
APR 9.95% - 35.99%

What fees does Avant Personal Loans charge?

Does Avant Personal Loans charge an origination fee?

Avant Personal Loans charges a loan origination fee of up to 4.75% of the loan amount.

Does Avant Personal Loans charge a late fee?

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

Does Avant Personal Loans charge prepayment fees?

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

Avant Personal Loans Fees
Origination Fee up to 4.75%
Prepayment Fee? No
Late Payment Fee $25

What do you need to qualify for Avant Personal Loans?

Applicants with a credit score of at least 580 and up to 740 are eligible for Avant Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Avant Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Avant Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Avant Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 580 - 740

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

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

    Does Avant Personal Loans report your account activity to credit bureaus?

    Avant Personal Loans reports your account activity to the following credit reporting agencies:

    • Equifax
    • Experian
    • Transunion

    Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

    AVANT PERSONAL LOANS 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: SuperMoney.com 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...

    Contact

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

    Message from Avant LLC

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

    Other Services by Avant LLC

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 45 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
    • 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 10 days
    Late Fee Amount $25
    Origination Fee (%) Up to 4.75%
    Checking Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $20,000
    Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Score Range 580 - 740
    Approval Speed 0 hours
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Funding Time Range 1 - 3 days
    Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    Pre-Approved Soft Credit Inquiry  
    Loan Amount $2,000 - $35,000
    APR (Fixed APR) 9.95% - 35.99%
    Loan Term 24 - 60 months

    Avant Personal Loans Community Reviews

     

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