Avant is a trusted online lending platform that offers personal loans ranging from $2,000 to $35,000, even to borrowers with less-than-perfect credit or who’ve been declined by traditional banks. With over a million customers served, Avant specializes in unsecured loans that can be used for debt consolidation, home improvements, medical expenses, and more. Its streamlined online application, flexible credit standards, and quick funding make it a great option if you need cash fast. Unlike banks, Avant makes borrowing simple, with no hidden hoops or unnecessary delays.
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Disclaimer
Avant Personal Loans Disclaimer
Avant branded credit products are issued by WebBank.
* 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 9.99%. If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state. Administration fee is deducted from the loan proceeds and paid to the Lender. Any administration fee of 5% or less of the initial loan amount is not refundable. Administration fee amount in excess of 5% of the initial loan amount is refundable on a prorated basis over the remaining term of the loan when and if the loan is paid in full prior to its original maturity date. A partial prepayment does not trigger a refund of any administration fee amount. Borrower recognizes that the Administration fee is deemed part of the loan principal and is subject to the accrual of interest.
‡ Personal loan funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday.
All product names, logos, and brands are the property of their respective owners in the United States and/or other countries. All company, product and service names used are for identification purposes only. The use of these names, logos, and brands does not imply endorsement.
Avant, LLC Nationwide Multistate Licensing System #1246731.
THIS IS A LOAN SOLICITATION ONLY. AVANT, LLC IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.
DirectLendersList is not a review site; instead, it provides a comprehensive overview of financial products and services and incorporates the Web Rating feature to assist users in making informed decisions.
Web Ratings are important to consider when deciding on financial products or services. These ratings provide insights into the customer experience and serve as a helpful metric for assessing the quality of specific lenders, loan marketplaces, banks, or credit card issuers.
At DirectLendersList, our internal team takes the initiative to prepare web ratings for various financial products and services. These ratings are compiled using multiple channels to gather data from across the web, including customer feedback, ratings from reputable customer review sites, industry reputation, and other relevant data sources. Utilizing these diverse sources of information aims to provide users with a comprehensive and well-rounded assessment of the financial product or service.
The collected data is then utilized to calculate an average web rating, typically on a scale of 1 to 5, reflecting the overall customer satisfaction and experience associated with the specific offering. It is important to emphasize that these ratings are independently prepared by the DirectLendersList internal team and have not been influenced or approved by advertisers. This ensures the ratings remain objective and unbiased, providing users with reliable information to aid their decision-making process.
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Avant, formerly known as AvantCredit, is a Chicago-based online lending platform that has become a prominent name in the U.S. fintech space. Founded in 2012 by Al Goldstein, John Sun, and Paul Zhang, Avant was established with a clear mission to simplify and expand access to credit for middle-income borrowers, especially those who may have difficulty qualifying for traditional bank loans. Many of these individuals have stable incomes and financial discipline, but don’t meet traditional banks’ strict credit standards. Avant bridges that gap.
At its core, Avant is a tech-driven platform that uses advanced algorithms, data science, and data-driven underwriting models to assess borrowers more comprehensively, moving beyond traditional credit scores, all through a fully online interface. This allows the company to provide fast, unsecured personal loans ranging from $2,000 to $35,000 with transparent terms even to those with fair or less-than-perfect credit.
Avant operates in all 50 states and has served over 2 million customers since its inception, solidifying its position as a top-tier digital lending provider. While the company initially offered personal loans, it has since expanded its financial products to include credit cards and tools designed to help users manage and improve their credit health. Although Avant previously served international markets, such as Canada and the UK, it now focuses exclusively on the U.S.
All Avant-branded loans are issued by WebBank, a Utah-chartered industrial bank and a member of the FDIC, ensuring regulatory compliance and secure lending practices.
Avant has built a strong reputation as a reliable and transparent online lending platform, particularly for individuals with fair to good credit. With a focus on responsible lending, transparent pricing, and dedicated customer support, Avant stands out as a compelling alternative to traditional banks.
Flexible Loan Amounts: Borrow between $2,000 and $35,000 to cover expenses such as debt consolidation, medical bills, or home improvements.
No Collateral Needed: Avant personal loans are unsecured, so you won’t need to risk assets like your car or home to qualify.
Easy Online Application: Apply entirely online through Avant’s website or mobile app, eliminating the need for paperwork or branch visits.
Soft Credit Check for Prequalification: Checking your rate won’t hurt your credit score, allowing you to explore options without commitment.
Built for Fair-to-Good Credit: Avant is designed for borrowers with credit scores starting around 580, helping those frequently turned away by traditional banks.
Predictable Repayment Terms: Select fixed repayment terms ranging from 24 to 60 months, with consistent monthly payments.
Fast Funding: If approved, you could receive your funds as soon as the next business day, making it ideal for urgent needs.
No Prepayment Penalties: Pay off your loan early or make extra payments at any time without incurring additional fees.
Loans Issued by WebBank: All loans are issued by WebBank, a Utah-chartered, FDIC-member bank, adding a layer of trust and compliance.
Satisfied Customers
Better Business Bureau
Safety | 256 Bit SSL issued by DigiCert Inc. |
Lender Type | Lending Platform |
BBB Rating | A+ Rating, BBB-accredited since 2015 |
APR | 9.95% – 35.99%* |
Credit Score | 580+ |
Loan Amount | $2,000 – $35,000 |
Loan Term | 24 – 60 MONTHS** |
Origination Fees | Up to 9.99% |
Time to Receive Funds | As soon as next business day* |
Age and Residency
Applicants must be at least 18 years old and legal residents of the United States. Additionally, they must live in a state where Avant offers personal loans.
Identification and Social Security Number
A valid government-issued photo ID (such as a driver’s license or passport) is required. Applicants must also provide a valid Social Security number for identity verification and credit assessment.
Income and Employment
Avant requires applicants to have a stable and verifiable source of income from employment, benefits, or other reliable means. While full-time employment isn’t mandatory, it can enhance the approval chances.
Banking Requirements
Applicants must have an active checking account in their name. This account is used for disbursing the loan funds and setting up automatic repayments.
Credit Score and Credit History
Avant generally considers borrowers with a minimum credit score of around 580, making it accessible to those with fair credit. A stronger credit history may lead to better loan terms and higher approval chances.
Debt-to-Income (DTI) Ratio
While Avant does not specify an exact DTI limit, applicants with a lower DTI ratio (typically below 40–50%) are more likely to qualify, as this helps ensure they can manage new debt responsibly.
DirectLendersList is not a review site; instead, it provides a comprehensive overview of financial products and services and incorporates the Web Rating feature to assist users in making informed decisions.
Web Ratings are important to consider when deciding on financial products or services. These ratings provide insights into the customer experience and serve as a helpful metric for assessing the quality of specific lenders, loan marketplaces, banks, or credit card issuers.
At DirectLendersList, our internal team takes the initiative to prepare web ratings for various financial products and services. These ratings are compiled using multiple channels to gather data from across the web, including customer feedback, ratings from reputable customer review sites, industry reputation, and other relevant data sources. Utilizing these diverse sources of information aims to provide users with a comprehensive and well-rounded assessment of the financial product or service.
The collected data is then utilized to calculate an average web rating, typically on a scale of 1 to 5, reflecting the overall customer satisfaction and experience associated with the specific offering. It is important to emphasize that these ratings are independently prepared by the DirectLendersList internal team and have not been influenced or approved by advertisers. This ensures the ratings remain objective and unbiased, providing users with reliable information to aid their decision-making process.
Avant makes applying for a personal loan fast, simple, and entirely digital. Here’s a step-by-step breakdown of how to apply:
✅ APR Range
Avant offers fixed Annual Percentage Rates (APRs) ranging from 9.95% to 35.99%, with repayment terms between 24 and 60 months. Your specific rate is determined based on factors such as your credit profile, income, loan amount, and state of residence. Since the APR is fixed, your interest rate will remain constant throughout the life of the loan, ensuring that your monthly payments are consistent and predictable.
💰 Administration / Origination Fee
Avant charges an upfront administration fee, similar to an origination fee, of up to 9.99% of the loan amount. This fee is deducted from your loan proceeds before the funds are disbursed. If you pay off the loan in full early, any portion of the fee that exceeds 5% may be refundable on a prorated basis.
🧮 Example Cost Scenario
For instance, on a $5,700 loan with a 9.99% administrative fee, the amount financed would be approximately $5,130.57. Over a 36-month term, this equates to an APR of roughly 29.95% and a monthly payment of around $217.66.
⏸️ Late & Returned Payment Fees
Late Fee – If payment is not made in full within 10 days after the due date, a late fee of $25 may be applied.
Returned Payment Fee – A $15 dishonored payment fee will be charged each time a payment is returned or fails to process due to insufficient funds or other payment issues.
🔁 No Prepayment Penalty
Avant does not charge a penalty if you pay off the loan early, providing you with flexibility and cost savings if you decide to accelerate your payments.
Avant personal loans are a smart choice for individuals with fair to good credit who may not meet the stricter requirements of traditional lenders. It’s particularly well-suited for borrowers seeking quick, unsecured financing with minimal hassle. The application process is entirely online and streamlined, and Avant considers more than just credit scores.
This loan may be ideal for:
Borrowers with Fair to Good Credit: Individuals with credit scores between 580 and 700, looking to qualify for funding without perfect credit.
Applicants Seeking Unsecured Loans: Borrowers who prefer unsecured personal loans, meaning no collateral is required to secure the loan.
Budget-Conscious Borrowers: Individuals who value fixed interest rates and predictable monthly payments over 2 to 5 years.
Rate Shoppers: Applicants who want to check personalized rates through a soft credit inquiry, without affecting their credit score.
Versatile Use Cases: Borrowers needing funds for a variety of financial goals, such as:
⇒ Consolidating high-interest debt
⇒ Covering medical expenses or emergencies
⇒ Funding home repairs or renovations
⇒ Managing relocation or moving costs
⇒ Handling major one-time purchases
The state’s serviced may change without prior notice; visit the lender’s website for up-to-date information.
Alabama | Georgia | Maryland | New Jersey | South Carolina |
Alaska | Hawaii | Massachusetts | New Mexico | South Dakota |
Arizona | Idaho | Michigan | New York | Tennessee |
Arkansas | Illinois | Minnesota | North Carolina | Texas |
California | Indiana | Mississippi | North Dakota | Utah |
Colorado | Iowa | Missouri | Ohio | Vermont |
Connecticut | Kansas | Montana | Oklahoma | Virginia |
Delaware | Kentucky | Nebraska | Oregon | Washington |
District of Columbia | Louisiana | Nevada | Pennsylvania | Wisconsin |
Florida | Maine | New Hampshire | Rhode Island | Wyoming |
West Virginia |
📞 Customer Service Availability
Avant provides accessible and responsive customer support through various channels, including phone, email, and an online Help Center. Dedicated phone lines are available for personal loans and credit cards, and email support is offered for each product type.
Their customer service team is available seven days a week, with extended hours to assist borrowers in different time zones.
Customer Service Hours:
• Weekdays: 7:00 AM – 10:00 PM CT
• Weekends: 7:00 AM – 8:00 PM CT
Borrowers can manage their accounts, track payments, and access support resources 24/7 through Avant’s website or mobile app. Many users report a smooth service experience, although some mention occasional delays during peak hours.
⭐ Reputation and Ratings
Avant has served over 2 million customers nationwide and is a Better Business Bureau (BBB) accredited business with an A+ rating. This reflects its commitment to addressing consumer concerns and maintaining transparent lending practices. Avant is known for helping borrowers with fair to good credit quickly secure unsecured personal loans and has a positive reputation in the online lending industry.
Ratings across popular review platforms vary:
Platform | Rating | Highlights |
Trustpilot | 4.5 / 5 | Praised for quick funding and ease of use |
WalletHub | 4.1 / 5 | Mostly positive, but some complaints about high APRs |
TradersUnion | 4.7 / 5 | Recognized for digital efficiency and customer loyalty |
💬 Customer Feedback
Feedback from borrowers highlights the ease of application, fast funding, and the intuitive online platform as significant advantages. Many appreciate the transparency in loan terms and the ability to check rates with a soft credit inquiry. However, some customers have expressed concerns about relatively high APRs, which can vary based on creditworthiness.
✅ Positive experiences often include:
• Fast and hassle-free application process
• Quick approvals and next-day loan disbursement
• Easy-to-use website and mobile app
• Useful for debt consolidation and building credit
• Transparent loan terms with fixed monthly payments
❌ Common complaints involve:
• Occasional delays in customer service response
• Dispute resolution issues
• High APRs for borrowers with lower credit scores
Despite these drawbacks, Avant continues to be a preferred choice for borrowers seeking transparent, unsecured personal loans with fixed monthly payments and no prepayment penalties.
Most frequent questions on Avant Personal Loans
Avant is an online lending platform that provides unsecured personal loans to borrowers throughout the United States, primarily focusing on those with fair to good credit.
Loan amounts usually range from $2,000 to $35,000, based on your credit profile, income, and state of residence.
Avant offers fixed APRs ranging from 9.95% to 35.99%, with rates based on creditworthiness and other eligibility factors.
Loan repayment terms vary between 24 and 60 months.
No, Avant does not impose any prepayment penalties. You can pay off your loan early without incurring extra fees.
Avant generally works with borrowers who have credit scores in the 580 to 700 range.
Yes, Avant offers a soft credit inquiry for prequalification, which does not affect your credit score.
Avant may charge an administration fee of up to 9.99%, and late payment fees of $25 after 10 days past due. A $15 fee applies for any dishonored payment.
Yes, Avant reports loan activity to major credit bureaus, helping you build credit through timely payments.
Avant is not a direct lender. Instead, personal loans from Avant are issued by WebBank, which is a state-chartered, FDIC-insured industrial bank. While WebBank provides the loans, Avant is responsible for servicing them. The platform employs robust security and encryption protocols to ensure that your personal and financial information is kept safe.
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