Avío Credit Personal Loans
in Personal Loans from Avío CreditUnaffiliated
Avío Credit Personal LoansUnaffiliated
in Personal Loans from Avío Credit
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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.
- Fast access to cash. In some cases you can get your money within 1 business day.
- Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 300 are considered for Avío Credit Personal Loans.
- 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 Personal Loans Pros and Cons:
What rates and terms does Avío Credit Personal Loans offer?
Avío Credit Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Avío Credit Personal Loans offer?
Avío Credit Personal Loans 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.
How much can you borrow via Avío Credit Personal Loans?
Loan amounts start at $100 and go up to $5,000.
What can a personal loan from Avío Credit Personal Loans be used for?
Personal loans from Avío Credit Personal Loans are typically used for special purchases, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Avío Credit Personal Loans?
Avío Credit Personal Loans 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.
|Loan Amount||$100 - $5000|
|Loan Term||1 - 24 months|
|APR||79% - 159%|
What fees does Avío Credit Personal Loans charge?
Does Avío Credit Personal Loans charge an origination fee?
Avío Credit Personal Loans 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 Personal Loans charge a late fee?
Yes, Avío Credit Personal Loans may charge borrowers a late payment fee.
Does Avío Credit Personal Loans charge prepayment fees?
No, Avío Credit 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.
|Late Payment Fee||N/A|
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 checking account
- Proof of income
- Proof of identity
|Bank Account Required?||Yes|
|Application Types Accepted||
|Credit Score||300 - 700|
What is the estimated funding time for a personal loan via Avío Credit Personal Loans?
Avío Credit Personal Loans will typically provide a credit approval decision in less than an hour and fund the loan within 3 business days.
- North Dakota
- Rhode Island
- South Carolina
|No Origination Fee|
|No Prepayment Fee|
|Checking Account Required|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||Individual Applications|
|Supported Income Types||
|Verification Documents Required||
|Credit Score Range||
300 - 700
|Loan Amount||$100 - $5,000|
|APR (Fixed APR)||79% - 159%|
|Loan Term||1 - 24 months|