Avant personal loan review

Information verified correct on May 23rd, 2017

From debt consolidation, home improvement to emergency finance – find out if a personal loan through Avant is right for your needs.

If you’re looking for an unsecured personal loan, Avant is a lending platform to consider. Avant offers access to loans from $1,000 up to $35,000 that can help you finance a variety of projects. You’re able to check your rate without it affecting your FICO score and the whole process is completed online, making it quick and convenient to apply and get funded. Read our guide to find out if a personal loan through Avant is the right loan for you.

Product NameAvant — Personal Loan
Interest Rate (p.a.)From 9.95% (fixed)
Comparison Rate (p.a.)
Interest Rate TypeFixed
Min Loan Amount$1,000
Max. Loan Amount$35,000
Loan SecurityUnsecured

Pros

  • Typically fast approval.
  • Pay no origination fees.
  • Prepay your loan without penalty.

Cons

  • Maximum loan amount varies by state.
  • May not be available in all states.
  • You may pay late fees.

How does borrowing through Avant work?

First, review the terms of the loan and check your rate. You’ll need to submit some personal details such as your name, address, social security number and income, and you’ll be given a personalized rate without it affecting your FICO score.

If you are approved and decide to go ahead with the loan, you can have your funds in as little as one day.

A selection of personal loans you can apply for

Use our comparison table to assess interest rates, lending amounts and requirements you’ll need to get a loan with our personal loan partners.

Rates last updated May 23rd, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Minimum Credit Score Max. Loan Amount APR Requirements
Prosper Personal Loan
Borrow only what you need for debt consolidation, home improvements, special occasions and more — with APRs based on your credit score.
640 $35,000 From 5.99% (fixed) You are over 18 years of age, you are an American citizen or a permanent resident of the US, and you don’t have bad credit history. Go to site More
Lending Club Personal Loan
Borrow up to $40,000 with rates from 5.99% to 35.89% APR based on your credit score.
660 $40,000 From 5.99% (fixed) You must be over 18 years of age, a permanent resident of the US or an American citizen and have a steady source of income. Go to site More
Upstart Personal Loans
This newer service looks beyond your credit score to match you with accredited investors for low-rate personal loans.
660 $50,000 From 7.16% (fixed) 18+. US citizen or permanent resident. 660 credit score or higher. Go to site More
NetCredit Personal Loan
You could borrow up to $10,000 and get an interest rate personalized to your credit score
550 $10,000 From 34% (variable) Varies based upon state of application Go to site More
OneMain Financial Personal Loans
Get funded quickly with a term loan that works for your circumstances — even with bad or no credit.
600 $25,000 From 12.99% (fixed) Eligibility for a loan is determined by your financial history, credit history, income and expenses, and whether or not you have ever filed for bankruptcy. More
Avant — Personal Loan
Check your rate — without affecting your credit score — before applying for this unsecured personal loan.
600 $35,000 From 9.95% (fixed) You must have at least a fair credit score of 580 or more), provide proof of a steady income and be a US resident who is at least 18 years old. More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

A selection of brokers you can speak to

One way to make sure you’re getting the best rate is to let a broker find a competitive rate for you.

Rates last updated May 23rd, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Maximum Loan Amount Term of Loan Turnaround Time
LendingTree Personal Loan
Apply with this online marketplace for loans to consolidate debt, buy a car, pay for a special occasion and more.
$35,000 Varies based on lender If you apply during working hours on a business day you can get access to approved funds within 24 hours. Go to site More
PersonalLoans.com
An online loan matching service that connects you with lenders for peer-to-peer, personal and bank loans for a variety of purposes.
$35,000 90 days to 72 months 1-2 days Go to site More
Zippyloan Personal Loans
This broker matches applicants to lenders offering $100 to $15,000, often with flexible repayment options.
$15,000 Varies by lender Varies by lender Go to site More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

Here are the features that come with a personal loan through Avant

When you apply and are approved for a loan through Avant, you’ll enjoy the following features and benefits:

  • Check your rate before you apply. You’re able to check your rates before you apply, all without it affecting your FICO score.
  • Sign your contract online. No need to walk into a branch to sign your contract, you’re able to e-sign the agreement to finalize your loan.
  • Easy application and quick turnaround time. The whole application process is completed online, and you can usually expect funds to be in your account by the following business day.
  • Use funds for a range of purposes. You can consider applying for a personal loan from Avant to help you finance a home renovation, to consolidate debt or to cover a financial shortfall.
  • Improve your credit score. Avant reports your payments to the major credit bureaus, which may help you improve your credit score if you make your payments on time.
  • Choice of payments. You’re able to make payments by setting up an electronic funds transfer via Automated Clearing House (ACH), where Avant will debit your account with the payment amount on the due date. You can also call Avant to discuss other available payment amounts.
  • Prepay your loan without penalty.

What will the loan cost?

Avant fully discloses all fees and costs for your loan when you apply. The APR you are offered will depend on the state you reside in, your credit score and your financial circumstances. The APR can be as low as 9.95% p.a. for approved borrowers.

You will be charged a loan origination fee of 0.95% to 4.75%, only if you are approved. There is no prepayment penalty. Your monthly payments depend on the amount you borrow and your loan terms, which can be between one and five years depending on your state of residence.

How you can get your personal loan

If you’re interested in finding out your rate through Avant or submitting your application, click the “Go to Site” button. You will need to meet some initial eligibility criteria, which include:

  • You must be a US citizen, a permanent resident or in the US on a valid long-term visa.
  • You must be at least 18 years old.
  • You must have a valid bank account.

You’ll also need to gather the following information before applying:

  • Your name, contact information and date of birth.
  • How much you want to borrow and the purpose of the loan.
  • Your annual individual income.

Once you’ve submitted this information you will be given your personal rate. Remember to review the conditions of the loan before submitting your full application, and make sure to compare a loan through Avant to similar offers before you apply.

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