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Avant

Avant
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Overall Satisfaction Rating 3.89/5
  • 5 stars
    47
  • 4 stars
    83
  • 3 stars
    33
  • 2 stars
    4
  • 1 stars
    12
Based on 179 ratings submitted in the last year

This company is not yet accredited. See reviews below to learn more or submit your own review.

Avant provides personal loans and credit cards with no hidden fees. Its personal loans range from $2,000 to $35,000 with APRs between 9.95% and 35.99% and term lengths from 24 to 60 months. Many customers receive funds the next business day. Avant credit cards have an annual fee of $29 and a credit limit of up to $1,000.

BOTTOM LINE

Avant is a loan company that specializes in lending to middle-income borrowers. The company offers debt consolidation and personal loans, as well as emergency and renovation loans.

PROS

  • Flexible loan terms
  • Mobile apps for iOS and Android
  • Fixed payments

CONS

  • High administration fees and APRs

Top Avant Reviews We Found

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Rated with 5 stars
Verified Reviewer

I had a quick and easy loan process with no hiccups. Yes, the interest rate is high but... The website and customer service is customer friendly and easy to deal with. I would highly recommend this company for a personal loan. I have not had any issues with Avant and would use them again.

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Rated with 4 stars
Verified Reviewer

I could not believe how fast and easy it was to apply and receive my deposit! Went on the website and I could see all my info and payment dates, auto pay is great and I can change it anytime! 4 months in now and all is well, very transparent as of now, very happy!!

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How does Avant work?

Avant offers personal loans based on a customer’s creditworthiness. You can preapproved within 15 minutes — which gives you an idea of what rates they can get — with no effect on your credit score. Avant’s personal loans range between $2,000 and $35,000 and have terms between 24 and 60 months. You can get your money as quickly as the next day after approval.

The Avant credit card helps customers build good credit and has no hidden fees. The application process is simple, and customers can see if they qualify without a hard credit inquiry. The card has an annual fee of $29. As long as you're a responsible borrower, it's a great way to improve your credit history.

Avant loan rates and fees

Avant's annual percentage rates (APRs) fall between 9.95% and 35.99% — the company chooses the APR based primarily on your credit score. For those with a lower credit score, Avant loan rates are comparable with what you can find at similar companies.

Loans have a late payment fee of $25 and a returned payment fee of $15. You may also have to pay an origination (administration) fee of up to 4.75% on your loan. However, there are no prepayment penalties if you want to pay your loan off early.

Avant credit cards

Avant designed its credit card to help customers improve their credit history and health. The company typically offers credit limits between $300 and $1,000 with a variable APR of 25.49%. Avant's online portal allows for 24/7 payments, and the company is transparent about its costs and fees. Credit cards come with a $29 annual fee, no foreign transaction fee and a late fee of up to $35. If you're looking to improve your creditworthiness, an Avant credit card may help build credit scores when used responsibly.

Avant FAQ

Does Avant check your credit?
Avant does a soft credit inquiry when you apply for preapproval, then a hard credit inquiry in the later stages of the application process.
How long does it take Avant to verify your information?
Avant boasts speedy approval, so the verification process is quick.
Can I get a second loan with Avant?
No, you need to pay your first loan in full before taking out another loan. However, some unsecured loans are eligible for refinancing.
Does Avant hurt your credit?
Inquiries only require a soft credit check, which does not hurt your credit. However, if you choose to continue the application, it performs a hard credit inquiry, which can temporarily lower your credit score by a few points.
Is Avant a payday loan?
Avant is not a payday loan. It offers loan terms between 24 months and 60 months.
Does Avant require collateral?
No. Avant offers unsecured personal loans, so it doesn’t require collateral.

Is Avant good?

Avant is a good option for someone whose low credit score affects their ability to borrow from most banks. Responsibly paying down your loans helps improve your credit health. However, those with better credit scores may find lower rates elsewhere. Avant’s transparency makes sure customers understand the terms of their loans.

Avant Reviews

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How do I know I can trust these reviews about Avant?
How do I know I can trust these reviews about Avant?
  • 2,891,014 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 10
Rated with 5 stars
Verified Reviewer
Original review: Nov. 20, 2020

When I first signed up for Avant I was a little leery but they have proven to be very professional and SECURE. If I had any questions or issue It was handled efficiently. I'm definitely staying with AVANT for Life because they really protect and notify me if there's fraudulent activity suspected. I REALLY RECOMMEND AVANT TO ANYONE especially if you're trying to improve your credit status.

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Rated with 4 stars
Verified Reviewer
Original review: Nov. 20, 2020

I have used Avant several times during short-term pinches. Loans issued through WebBank, which is a member of FDIC. Rates and Terms for Unsecured Loans: Loan amounts range from $2,000 to $35,000. APR ranges from 9.95% to 35.99%. Loan lengths range from 24 to 60 months. Administration fee up to 4.75% which are all reasonable for debt of this kind which in most cases is an immediate infusion of $ to one's bank account.

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    Rated with 4 stars
    Verified Reviewer
    Original review: Oct. 1, 2020

    I was assisted by customer service answering all my questions with great feedback and I’m able to feel the decision was a secure one. While having me feel secure they also kept me informed on every step of the process.

    2 people found this review helpful
    Rated with 4 stars
    Verified Reviewer
    Original review: Sept. 19, 2020

    Applying for a loan takes time not only for the paperwork but also to weigh options on payment options. Most importantly is that no prepayment penalty so that when your finances pick up you can pay the loan down faster. Customer service was another important factor. Better to talk to an actual representative than deal with automated device. Avant is a company that seems to care and puts a little more effort to help customers. I like to borrow only short term except for long term loans like mortgages.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer
    Original review: Sept. 17, 2020

    I applied for a personal loan from Avant when I was really struggling after I lost my husband. My world crashed, but Avant came to my rescue with high praise. The application process was easy and quick. They rushed to assist my needs and the payments were just right. They are the best in professional quality service and do their best to answer each/any questions you may ask easily. I enjoyed working with their company!

    4 people found this review helpful
    Rated with 3 stars
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    Verified Reviewer
    Original review: Feb. 11, 2021

    Just an FYI that I just realized Avant charges an interest fee for purchases made on card. My bill is paid in full every month and I feel this fee should not be applied. Will need to contact company and see if this can be waived.

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    Rated with 1 star
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    Verified Reviewer
    Original review: Jan. 15, 2021

    This is worse than Fingerhut! They have changed my routing number and my password!! Rejected payments that they blamed on the bank~ This card will hurt your credit! No thank you! Customer service needs trained.

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Dec. 5, 2020

    Interest rates are way too high. Not customer friendly if you have concerns about the monthly payments. Not a loan that you should consider unless you have no other choice.

    5 people found this review helpful
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: Dec. 1, 2020

    For the whole entirety of my loan (3yrs) I only had to skip one payment. Which they told me the late fees would be waived. But the interest would still occur. Ok, I get that. Then covid-19 happened and work slowed way down. So I called to see what help they offered. They said we can defer 2 payments onto the end of the loan and waive the fees. No mention of any interest this time. My payoff was 802 but my last 2 payments only came to 600. I called to see why. They said all skipped and deferred payments accumulated a DAILY interest charge! So just everyone knows Avant charges interest daily and not monthly. I would not recommend them at all.

    8 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Nov. 12, 2020

    Hack Company, Scam to collect late fees and membership fees. Payment due on 1st, which was on weekend, went to make payment on Monday and they charged a 20 late fee, damage credit rating also. Canceled.

    4 people found this review helpful
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    Avant Company Information

    Company Name:
    Avant
    Year Founded:
    2012
    Formerly Named:
    AvantCredit
    Address:
    640 N. La Salle Dr., Suite 535
    City:
    Chicago
    State/Province:
    IL
    Postal Code:
    60654
    Country:
    United States
    Phone:
    (800) 712-5407
    Website:
    www.avant.com