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Avant offers loans for middle-income borrowers and a credit card for building credit. There’s no impact on your credit for checking your loan options, and personal loans have flexible repayment options. Many customers use Avant for debt consolidation, emergencies and renovations. It offers quick funding and fixed payments with a variety of loan options.
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.
- Flexible loan terms
- Mobile apps for iOS and Android
- Fixed payments
- High administration fees and APRs
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.Read full review
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!!Read full review
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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.
- 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.
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I don't understand all of the bad reviews. I had a quick and easy loan process with no hiccups. Yes, the interest rate is high but is on par with most of these personal loan companies. The website and customer service is customer friendly and easy to deal with. I would highly recommend this company for a personal loan. Always read carefully the loan documents with any company before accepting. I have not had any issues with Avant and would use them again.
I applied for a loan through Avant a few years ago. Thankfully I was approved for 3000 that was more than enough and received my funds directly into my account. I have been reading some horrible reviews that doesn't reflect my experience. So I decided to write my own experience. The customer service were always polite when I called to make a payment. My payment was always on time and I honestly would rather get another loan through them Than any other place. I felt they were honest and I was able to make payments via phone instead of direct deduction from my account. I never felt they were screwing me over.
They didn't have to give me a loan because my situation at the time was not good. But it made me so eagered to pay them back because I was so grateful. I would highly recommend Avant for a loan. Just make your payments as agreed and guess what if you aren't able to make a payment just call their customer service number and they will be willing to help you. I am a real customer.
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I had a good experience with Avant. The only glitch being communication. They would call me while at work leaving a message to call them. I would call them back and the automated message would refer me to my dashboard at the website to complete a task, but there were no tasks to complete. I sent an email giving them times when they could reach me but they continued to call while I was at work. Finally, I found a way around the automation by punching buttons and got my problem resolved. It would help if they would ask best times to call.
Recently I missed my DD payment to AVANTCard credit card as I was a few € short (I had 2540 not 2550 in the ac) and my bank KBC refused to honour the payment. Avant card fees amounted to some €60 for the missed payment but when I rang and explained - they very kindly agreed to cancel. This I honestly didn't expect so HATS off to AVANTCard for having the imagination and humanity to realise that anybody can make a mistake. MANY thanks.
Applied for a personal loan after reviewing options on Lending Tree. Avant was very quick on reviewing my application and walking me through the process to provide them with all the required extra documentation. After being approved the loan was direct deposited into my bank the next day and I am very impressed with how quickly it was done. All in all, this process was so much easier than I thought it would be and I would recommend this to anyone that I know that needs a personal loan.
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RIPOFF-DO NOT SIGN UP FOR THIS COMPANY'S PROMOTIONS. Signed up because of $50 Amazon gift card offer on the radio. Never received and when i called and e-mailed multiple times they only ever accused me of an invalid offer or non entry of promo on sign up. I even called them before sign up to confirm the promo and wrote it down with the time and date of the offer on my Samsung Note.
This company obviously will do anything possible to take your money. I applied for a credit card and was approved, I then received an email with info on how to activate the card once received in the mail and how to setup an online account. Along with this email they attached a PDF file, stating it was the Terms and Agreement Policy. For me to read it and save for future reference. So, I immediately read the entire policy. The policy was a joke!!!! It clearly stats that they have the right to charge you higher interest whenever they want, they have the right to wait as long as they want to post to your account any payments you make. They have the right to change, delete any and all on the policy. Etc... Etc... It truly blew me away. It did stat that if you do not agree the Terms of the Policy, You have the right to Cancel your account within 30 days of receiving the card in the mail.
Well, I immediately sent an email Canceling my account. Keep in my that I haven’t even received a Credit Card in the mail yet, nor do I have an online account setup with Avant. I got a threatening reply, stating they will cancel my account only if I agree to pay my bill in full. So, I asked? What Bill? I never even got a card yet!!! Now they won’t reply. I wish there was a way of posting screenshots on here. I would love to post a screenshot of my conversation with AvantCard. I know got an email saying your monthly statement is ready, and to log onto my account to pay. ???? Seriously????
I will keep this short and sweet, do not use Avant- for a loan, you will never pay it off, it’s a revolving loan. I took a $2500, 3 year loan in 2016, have not missed a payment ever, always on time. Payments were $200 a month! I went on this week to see my remaining balance was $2000! Do that math on that, $200 a month for 48 months and it only knocked $500 off? What happened to the 3 year loan? Please learn from my mistakes and DO NOT be suckered into this money scam! Happy to say I sent a $2000 payment to get them off my credit!
***BUYER BEWARE. I applied for a consolidation loan and was told after one year if my payments were on time, my rate would be lowered. I had concerns but the person over the phone assured me it would be lowered. I also signed up for automatic loan repayments. I followed their instructions and my incredibly high interest rate was not lowered. The rate remains incredibly high. I called and was told they could lower it but my loan would be extended. To me this is illegal and usury. Do not get a loan with this company at all. Go with someone else. Avoid the headache. This company is based in Chicago and we all know the history of Chicago.
Do not do business with this company, the customer service & management is horrible. Please read the fine print. They charge a $118 admin fee for this loan and the interest is very high. The customer service is horrible. The agents are very smart mouth and sassy. Customers are not valued. I talked with a young man of Latin origin by the name of Brain, he was the supervisor, his attitude was not friendly & very sassy. I spoke with a young lady before asking for the supervisor, and she also very sassy. The supervisor would not give me the name or number to his boss. The Avant Twitter & Facebook page does not allow you to leave bad reviews. We are also unable to leave comments on their personal web page. The company does not communicate well and it is difficult to get the help you need.
Avant Company Information
- Company Name:
- Year Founded:
- Formerly Named:
- 640 N. La Salle Dr., Suite 535
- Postal Code:
- United States
- (800) 712-5407