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  Avío Credit Personal Loans

Avío Credit Personal Loans

in Personal Loans from Avío Credit

Unaffiliated

Avío Credit Personal Loans

Unaffiliated

in Personal Loans from Avío Credit

SuperMoney Net Recommendation Score -50

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

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.

Mostly not recommended

1 user recommends
2 users are unsure
5 users don't recommend
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Highlights
Community Rating Mostly not recommended
APR  (Fixed APR) 79% - 159%
Loan Amount $100 - $5,000
Loan Term (Months) 1 - 24 months
Number of Reviews 8

Avío Credit Personal Loans Review

Avío Credit Personal Loans is offered by Avío Credit, a direct lender founded in 2017 and based in Wichita, KS. Avío Credit Personal Loans is available in 11 states across the USA.

Key Takeaways
  • APRs starting at 79%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Avío Credit Personal Loans are on the higher end of the spectrum.
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Hard credit pull required. You can't check your rates or see if you prequalify for Avío Credit Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • No origination fee. Avío Credit Personal Loans does not charge a loan origination fee.
  • Short loan terms. Avío Credit Personal Loans offers loan terms as short as 1 month. Most personal loans have a minimum term of 12 to 36 months.
Avío Credit Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • $0 origination fee.
  • Considers applicants with fair credit.
  • Funding available within 3 business days.
  • APRs as high as 159%.
  • Do not offer pre-approval with soft credit pull.
  • Avío Credit Personal Loans does not report to credit bureaus.
  • Charges a late fee.
Avío Credit FAQ

What interest rates and personal loan terms does Avío Credit offer?

Avío Credit has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Avío Credit offer?

Avío Credit offers a fixed APR personal loan product that ranges from 79% APR up to 159% APR.

How much can you borrow via Avío Credit?

Business loan amounts start at $100 and go up to $5,000.

What is the maximum loan term you can get with Avío Credit?

Avío Credit offers loans with terms of up to 24 months.

Avío Credit Interest Rates & Loan Terms
Personal Loan Amount $100 - $5000
Loan Term 1 - 24 months
APR 79% - 159%

What fees does Avío Credit charge?

Does Avío Credit charge an origination fee?

Avío Credit does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal 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 if you miss one of the monthly payments.

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 personal loan off early.

Avío Credit Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for Avío Credit Personal Loans?

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Avío Credit Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Avío Credit Personal Loans only considers borrowers who are employed.

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. APRs for the Avío Credit Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Avío Credit 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 personal checking account
  • Proof of income
  • Proof of identity
Avío Credit Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 300 - 700

    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 business days.

    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...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    About Avío Credit Personal Loans

    Availability

      Available in 11 states
    • Alabama
    • California
    • Idaho
    • Kansas
    • Missouri
    • North Dakota
    • Rhode Island
    • South Carolina
    • Texas
    • Utah
    • Wisconsin

    Feature Breakdown

    No Origination Fee
    No Prepayment Fee
    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
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Proof of Identity
    • Proof of Income
    • Social Security Number
    Credit Score Range 300 - 700
    Loan Amount $100 - $5,000
    APR (Fixed APR) 79% - 159%
    Loan Term 1 - 24 months

    Avío Credit Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

    -50

    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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