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Avant Loans

in Personal Loans from Avant LLC

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Avant Loans

Claimed

in Personal Loans from Avant LLC

SuperMoney Net Recommendation Score +80%

SUPERMONEY NET RECOMMENDATION SCORE

+80%

-100% 0% +100%
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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

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

Avant Loans Review

Avant 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 Loans is available in 41 states (and Washington, DC).

Key takeaways

  • Fast access to cash. In some cases you can get your money within 1 business day.
  • Fair credit accepted. The credit score needed for Avant Loans is relatively low. Borrowers with a credit score as low as 580 may qualify for Avant Loans.
  • Minimum income of $20,000. You will need an annual income of at least $20,000 to apply for Avant Loans, which is below average for the lenders in our database

Avant Loans Pros and Cons:

Pros Cons
  • $0 prepayment fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • APRs as high as 35.99%.
  • Charges an origination fee of up to 4.75% of the loan amount.
  • Charges a late fee of up to $25.
  • No co-sign option.

What rates and terms does Avant Loans offer?

What APR rate does Avant Loans offer?

Avant 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 Loans?

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

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

Personal loans from Avant 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 Loans?

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

What fees does Avant Loans charge?

Does Avant Loans charge an origination fee?

Avant Loans may charge a loan origination fee of up to 4.75% of the loan amount.

Does Avant Loans charge a late fee?

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

Does Avant Loans charge prepayment fees?

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

What do you need to qualify for Avant Loans?

Applicants with a credit score of at least 580 and up to 740 are eligible for Avant Loans. The minimum age to be eligible is 19 or the state minimum, whichever is higher.

To qualify for personal loans with Avant Loans, applicants need a minimum annual income of $20,000 or higher. Avant 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 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 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 personal checking or savings account
  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Avant Loans Eligibility Criteria
Minimum Age 19
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 Loans?

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

    Does Avant Loans report your account activity to credit bureaus?

    Avant 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 LOANS Disclosure: *AVANT LOANS Disclosure: If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state. For example: A $5,900 loan with an administration fee of 4.75% and an amount financed of $5,619.75, repayable in 36 monthly installments, with an APR of 29.95% would have monthly payments of $250.30. The decision process may take longer if additional documents are requested. Approval and loan terms will vary based on credit determination and state law. 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

    Other Services by Avant LLC

    Message From Avant LLC

    We love what we do. Over 800,000 customers have been helped by transparent & convenient personal loans.

    Availability

      Available in 41 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • 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%
    Accepts Savings Accounts  
    Checking Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • 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 19
    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 Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    +80%

    -100% 0% +100%
    No one recommends Everyone recommends

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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