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Avant

Avant
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Overall Satisfaction Rating 3.24/5
  • 5 stars
    8
  • 4 stars
    11
  • 3 stars
    5
  • 2 stars
    1
  • 1 stars
    16
Based on 41 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?
  • 2,553,743 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: 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.

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    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.

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    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!

    2 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.

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    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: Oct. 25, 2020

    If you have a bankruptcy on your credit you are basically like a criminal. No one ever asked you why you did it. You submitted everything for nothing, you're are going to be denied even if you have the credit. Bankruptcy is not a crime, what if you lose a job!. Need it Karma matches you with them, but don't even try!

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    Rated with 1 star
    Verified Reviewer
    Original review: Oct. 14, 2020

    My advice to you is stay clear of this credit card at all costs. I recently opened an account. They advertised up to a $1500 credit line. I was approved for $300. I have other credit cards with limits as high as $30000. I went ahead with the deal anyway. When I got the card I called to change my payment date because the payment date was 3 days before I get paid every month. They told me that they don't do that. I told them to close the account. I had already received a statement and had paid it off. They refunded a portion of the fees which left a credit in the account.

    I contacted customer service several times to have the credit sent to me. Two statement periods came and went with no responses to numerous inquiries. I finally sent them a certified letter demanding payment. No response. I filed complaints with my State's Consumer Affair department and the Federal consumer affair department. Three months...numerous contacts with customer service, a certified letter and two complaints to get $7.31. The certified letter cost almost that much. STAY AWAY FROM THESE PEOPLE.

    2 people found this review helpful
    Rated with 1 star
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    Verified Reviewer
    Original review: Sept. 18, 2020

    Avant- advertises all credit, even bad credit, can qualify for a loan. Not so! Tried it and was referred to Spot Loan from there referred to another site. I have tried many sites, even Credit Karma's suggestions. Avant- makes it seem as though you may qualify with them but, in reality, bad credit is bad credit. So raise your credit score is recommended and then perhaps Avant will take another look. No Bankruptcies for sure.

    5 people found this review helpful
    Rated with 3 stars
    Verified Reviewer
    Original review: Sept. 16, 2020

    The company is okay. However, this company runs your credit too many times to get approval. Even after, pre-approval. I don’t recommend this company as customer service is not professional about the credit inquiries they run.

    4 people found this review helpful
    Rated with 2 stars
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    Verified Reviewer
    Original review: July 22, 2020

    In 2019 I applied for a loan through Avant. There was no jumping through hoops. It was cut and dry. My credit wasn’t great but I was approved for a 7200 loan. Great. Paid it off early. Now I apply for a 2500 loan. I had to send in 3 tax year filings, voided check, and bank statement. We earn great money. We built our house cash, so no payments or rent. It’s off grid so no electric payment or internet. Virtually we have no payments except our cell phones. They denied me!!!! What? A third of the first loan request, make the same money, have no payments and they deny me? I guess it’s best because their interest rates are sky high. If you’re going for a loan try someone else because this company makes no sense.

    2 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