Where does Avío Credit do business?
Avío Credit is a direct lender based in Wichita, KS. Founded in 2017, Avío Credit offers access to personal loans in 11 states across the USA.
What personal loan APRs are offered via Avío Credit?
Avío Credit offers a fixed APR personal loan product that ranges from 79% APR up to 159% 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.
Does Avío Credit charge an origination fee?
No, Avío Credit does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Avío Credit charge a late fee?
Yes, Avío Credit may charge borrowers a late payment fee
Does Avío Credit charge prepayment fees?
No, Avío Credit 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 Avío Credit?
Loan amounts start at $100 and go up to $5,000.
What can a personal loan from Avío Credit be used for?
Personal loans from Avío Credit are typically used for special purchases, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Avío Credit?
Avío Credit offers personal loans with terms ranging from 1 to 24 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 Avío Credit?
Applicants with a credit score of at least 300 can apply for a loan via Avío Credit . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Avío Credit only considers borrowers who are employed.
Active duty servicemembers and their covered dependents cannot apply for a loan via Avío Credit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
What is the estimated funding time for a personal loan via Avío Credit?
Avío Credit will typically provide a credit approval decision in less than an hour and fund the loan within 3 days.
- Wichita, KS 67278 USA
- Visit Site
- North Dakota
- Rhode Island
- South Carolina
|No Origination Fee|
|No Prepayment Fee|
|Credit Score Range||
300 - 700
850 300 700
|Immigration Status Considered||
|Bank Account Required|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$100 - $5K|
|Loan Term (Months)||1 - 24|
|APR (Fixed APR)||79% - 159%|