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6 top loans like Avant

Six unique options to choose from — with similar requirements and fees.

Avant is a Chicago-based online lender that provides personal loans from $2,000 to $35,000for almost any legitimate use. Rates range from 9.95% to 35.99%, and borrowers have between 2 years to 5 years to pay back the loan.

Pros and cons of Avant

For more perspective on how these lenders compare, here are some places where Avant shines — and areas where it could be better.

Pros

  • Accepts credit scores of 580+
  • Loan terms as short as 24 months
  • Works with self-employed borrowers

Cons

  • Low maximum loan amount of $35,000
  • High minimum interest rate of 9.95%
  • Recent lawsuit filed by the FTC

6 loans like Avant

  • If you’re applying with a coapplicant: Upgrade
  • If you want a lender that considers more than credit: Upstart
  • If you’re looking for a peer-to-peer lender: Prosper
  • If you’re applying with low credit: LendingPoint
  • If you want to borrow a secured loan: OneMain Financial
  • If you want to compare multiple lenders: Monevo

For applying with a coapplicant

Upgrade personal loans


3.98 / 5
★★★★★

Go to site

on Upgrade's secure website

Upgrade offers larger loan amounts than Avant — and allows you to borrow just $1,000 if you need. While it does have slightly higher credit score requirements than Avant, its starting interest rate is much lower and it accepts coapplicants. You'll also be able to defer up to two payments through its hardship program. But there are only two loan terms — 36 or 60 months — and you could be stuck with a high origination fee of 8%.

  • Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia
Pros
  • Large loans up to $50,000
  • Low starting interest rate of 6.94%
  • Accepts coapplicants
Cons
  • Turnaround may take up to four business days
  • Origination fee between 2.9% to 8%
  • Only two loan term options
Loan Amount$1,000 – $50,000
APR5.94% to 35.97%
Interest Rate TypeFixed
Min. Credit Score600
Turnaround Time1 to 4 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

For a holistic application process

Upstart personal loans


4.15 / 5
★★★★★

Go to site

on Upstart Personal Loans's secure website

Upstart is one of the few lenders that takes a holistic approach to lending. Rather than rely just on your credit score, it considers your education and work experience when you apply for a loan. Its interest rates start lower than Avant at 8.27%, and depending on your state, you may qualify with a credit score of 580. But its loan terms are limited to 36 or 60 months, and you may be stuck with a high origination fee up to 8%.

  • Not available in: West Virginia
Pros
  • Works with limited credit history
  • Large loans up to $50,000
  • Holistic underwriting process
Cons
  • High origination fee up to 8%
  • Only two loan term options
  • Starting loan amount varies by state
Loan Amount$1,000 – $50,000
APR5.55% to 35.99%
Interest Rate TypeFixed
Min. Credit Score580 or 600 depending on state of residence
Turnaround Time1 to 3 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

For peer-to-peer loans

Prosper personal loans


3.42 / 5
★★★★★

Go to site

on Prosper Funding LLC's secure website

A peer-to-peer lender, Prosper offers slightly larger loans than Avant — up to $40,000. You can use it to consolidate your debt, start a business, improve your home and more. But you'll need to have fair credit to qualify — and there's a chance you could be stuck with an origination fee between 2.41% to 5%.

  • Not available in: Iowa, North Dakota, West Virginia
Pros
  • Offers loans up to $40,000
  • Competitive interest starting at 7.95%
  • Accepts debt-to-income ratio of 50%
Cons
  • Long turnaround of at least four days
  • Origination fee between 2.41% to 5%
  • Requires credit score of 640+
Loan Amount$2,000 – $40,000
APR7.95% to 35.99%
Interest Rate TypeFixed
Min. Credit Score640
Turnaround TimeUp to five business days
Maximum Loan Term5 years
Minimum Loan Term3 years

For borrowers with low credit

LendingPoint personal loans


3.3 / 5
★★★★★

Go to site

on LendingPoint's secure website

LendingPoint is one of the few personal loan options beside Avant to accept credit scores as low as 585. But because of this, it has a higher starting interest rate than Avant — and only allows you to borrow up to $25,000. However, its origination fee caps out at 6%, and you could opt for biweekly payments with a 24-month loan term to keep interest costs down.

  • Not available in: Colorado, Connecticut, Idaho, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New York, Vermont, West Virginia, Wisconsin, Wyoming
Pros
  • Loan term of 24 months available
  • Competitive origination fee up to 6%
  • Optional bimonthly repayments
Cons
  • Low maximum loan amount of $25,000
  • High starting interest rate of 9.99%
  • Short maximum loan term of 48 months
Loan Amount$2,000 – $36,500
APR9.99% to 35.99%
Interest Rate TypeFixed
Min. Credit Score585
Turnaround TimeAs soon as 1 business day
Maximum Loan Term4 years
Minimum Loan Term2 years

For secured loans

OneMain Financial personal loans


3.4 / 5
★★★★★

Go to site

on OneMain's secure website

OneMain Financial provides secured and unsecured loans, and you can choose to apply online or at a branch. If you choose to visit a branch, you could potentially receive your loan funds on the same day you apply. However, this comes with steep fees: Interest starts at an extremely hgih 18%, and you could have an origination fee of 10%. And unlike Avant, you'll only be able to borrow loans up to $20,000.

  • Not available in: Alaska, Arkansas, California, Connecticut, Massachusetts, Michigan, Rhode Island, Vermont
Pros
  • Seven days to return loan funds
  • Accepts coapplicants
  • same-day turnaround available
Cons
  • Interest rate starts at a high 18%
  • Origination fee up to 10%
  • Low maximum loan amount of $20,000
Loan Amount$1,500 – $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Min. Credit ScoreVaries
Turnaround TimeAs soon as the same day
Maximum Loan Term5 years
Minimum Loan Term2 years

For comparing lenders

Monevo personal loans


4.4 / 5
★★★★★

Go to site

on Monevo's secure website

Monevo is a connection service, not a direct lender, so you'll have the chance to find a wide variety of loans you might qualify for. There is no set minimum credit score, but borrowers with bad or fair credit are unlikely to qualify for its low advertised rates. And you may still receive marketing calls or emails after you find a lender.

  • Available in all states
Pros
  • Loans starting at just $500
  • Long loan terms up to 12 years available
  • Quick online form
Cons
  • Unlikely to qualify for lowest rates
  • Not a direct lender
  • May receive marketing phone calls and emails
Loan Amount$500 – $100,000
APR1.99% to 35.99%
Interest Rate TypeFixed
Min. Credit ScoreNone
Turnaround TimeVaries by lender
Maximum Loan Term12 years
Minimum Loan Term0.5 years

Compare more personal loans

Select your credit score and state to see alternatives to our picks and Avant.

Name Product Filter Values APR Min. Credit Score Loan Amount
BHG personal loans
Varies
700
$20,000 – $200,000
A highly-rated lender with quick turnaround and reliable customer service.
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$600 – $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Best Egg personal loans
5.99% to 29.99%
600
$2,000 – $50,000
A prime online lending platform with multiple repayment methods.
PenFed Credit Union personal loans
5.99% to 17.99%
650
$600 – $50,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
SoFi personal loans
4.99% to 19.63%
680
$5,000 – $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
Monevo personal loans
1.99% to 35.99%
None
$500 – $100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Tally+ Express
7.9% to 29.99%
660
$2,000 – $30,000

Only available for Line of Credit and Debt consolidation

Upgrade personal loans
5.94% to 35.97%
600
$1,000 – $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
Avant personal loans
9.95% to 35.99%
600
$2,000 – $35,000
Conveniently check your loan options without affecting your credit score.
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2 Responses

    Default Gravatar
    ChesterMarch 24, 2019

    Is Max Personal loans legit? Can’t find an address or phone number.

      Avatarfinder Customer Care
      johnbasanesMarch 25, 2019Staff

      Hi Chester,

      Thank you for reaching out to Finder.

      Though we could not provide feedback on the legitimacy of a company since we are a comparison and general information website. You may want to check online feedback forums as well as online review pages to learn more about this company. Hope this helps!

      Cheers,
      Reggie

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