About Avant
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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.
Overall Satisfaction Rating
- 5 stars
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- 1 stars
Pros
- Flexible loan terms
- Mobile apps for iOS and Android
- Fixed payments
Cons
- High administration fees and APRs
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.
Top Avant Reviews
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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 hig...
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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...
Read full reviewHow 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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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.
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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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.
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.
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!
I opened a credit card with them about a year ago. All was fine and well. It was a 300 credit card. Used it, paid in full and then I call 4 days after my payment posted to my cc account and my bank account and was told that my available balance would be withheld for 9 days. I asked why and was told the system determined it. I said, "Ok can you release my available balance," was told no. Then I stated, "Ok so you can't tell my why the "system" placed my available funds on hold for 9 days, how to avoid it in the future and you cant override the system to release my funds." Rep argued with me and said they gave me a resolution. No that's not a resolution. Closed my card. Waste of time.
I normally don't write reviews but I WANT everyone to know how SHADY this company is. Please for the love of God DO NOT TAKE OUT A LOAN WITH AVANT. They charge you interest on a DAILY basis not monthly. Customer service NEVER gives you a direct answer and there is no way to elevate your concerns. It's a HORRIBLE feeling to need help and reach out to a company who says they'll help you and when you do business with them, they totally take advantage of you. At the end of the day, it's MY FAULT for not FULLY UNDERSTANDING how they calculate and apply your payments. I'm $3000 in on a $6000 loan and owe $6500. That's right. I've paid $3000 and owe them more than I borrowed. I'm in the process of contacting my state attorney general's office. I even tried to pay money towards the principal and they gave me the run around about that too. DO NOT TAKE OUT A LOAN WITH AVANT...
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.
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.
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.
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
- Website:
- www.avant.com
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