Avant Personal LoansClaimed
in Personal Loans from Avant LLC
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Avant Personal Loans Review
Avant Personal Loans is a personal loan offering by Avant LLC, a lending platform based in Chicago, IL. Founded in 2012, Avant LLC offers access to personal loans in 46 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.
|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.
|Origination Fee||up to 4.75%|
|Late Payment Fee||$25|
What do you need to qualify for a loan with Avant Personal Loans?
Applicants with a credit score of at least 580 can apply for a loan via Avant Personal Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a loan 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.
Active duty servicemembers 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.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
|Bank Account Required?||Yes|
|Joint Applications Accepted?||Yes|
|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 loan payments to credit bureaus?
Avant Personal Loans may report credit data to the following credit reporting agencies:
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
|No Prepayment Fee|
|Late Fee After (number of days)||10|
|Late Fee Amount||$25|
|Origination Fee||Up to 4.75%|
|Credit Score Range||
580 - 740
|Immigration Status Considered||
|Minimum Annual Income||$20,000|
|Bank Account Required|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$2K - $35K|
|Loan Term||24 - 60 months|
|APR (Fixed APR)||9.95% - 35.99%|