Avant Personal Loans: An Insightful Review

Avant offers quick, accessible loans for lower credit and income, ideal for diverse financial needs.

Avant Personal Loans: An Insightful Review


  • APR Range: 9.95% to 35.99%, providing a fixed rate for predictability.
  • Loan Amounts: $2,000 to $35,000 to cover various needs from debt consolidation to home improvements.
  • Loan Terms: Flexible repayment periods ranging from 24 to 60 months.
  • Fees:
    • Origination Fee: Up to 4.75%, deducted from the loan amount.
    • Prepayment Fee: $0, allowing for early repayment without penalties.
    • Late Fee: A $25 fee applies for payments over 10 days late.
  • Application Requirements:
    • Minimum age of 18.
    • U.S. citizenship or permanent residency.
    • A valid Social Security number.


  • Accessibility: Avant caters to individuals with lower credit scores, starting from 580, making it accessible to a broader audience.
  • Fast Funding: Potential for next business day funding, minimizing wait times for those in urgent need.
  • Transparency: High transparency with loan terms and fees readily available online.
  • No Prepayment Penalty: Encourages borrowers to pay off loans early without incurring extra costs.
  • Online Application: Convenient and straightforward online application process.
  • Reputation: Strong customer reviews and an A rating from the Better Business Bureau highlight Avant's reliability.


  • High APR Range: Avant's APR range of 9.95-35.99% can be steep, especially for borrowers at the higher end, making loans more costly over time.
  • Origination Fee: Avant may charge an origination fee of up to 9.99%, deducted from the loan amount before funds are disbursed, effectively reducing the amount borrowers receive.
  • Limited Loan Features: Avant lacks options for co-signed, joint, or secured loans and does not offer direct payment to creditors for debt consolidation loans, reducing flexibility and convenience for borrowers.

Product Summary

Avant offers personal loans with a broad APR range catering to a wide range of credit scores, making it an accessible option for many. The loans come with flexible terms and a straightforward online application process. While the APRs may be higher than some competitors, Avant's transparency, fast funding, and lack of a prepayment penalty make it a viable option for those seeking to consolidate debt, finance home improvements, or cover large purchases. Avant's commitment to transparency and customer service is reflected in positive reviews and its A rating with the BBB, positioning it as a reputable lender in the personal loan market.

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