If you’ve been thinking about taking out a personal loan, Avant is a lender worth considering.
Avant is an online lender that made its first loan in 2013 and has helped more than 600,000 people find a loan that’s right for them.
Avant personal loans overview
Whether you’re looking to pay off high-interest credit card debt, finance a major purchase, or take care of unexpected expenses, a personal loan can be a smart solution.
Avant provides loans from WebBank, an FDIC-insured, state-chartered industrial bank. Although WebBank is the originator of the loan, Avant collects the payments — they are the loan servicer.
When you take out a personal loan with Avant, here’s what you should know:
|Types of rates||Fixed|
|Loan size||$2,000 to $35,000|
|Loan terms||2 - 5 years|
|Loan use||Debt consolidation, emergency expense, life event, home improvement, and other uses|
|Key benefits||- Fast online process, with e-signed contract
- Receive funds as soon as next business day
(if approved by 4:30pm CT, Monday through Friday)
- Options for borrowers with less than perfect credit
(most of Avant’s customers have credit scores in the 600 to 700 range)
|Residency||U.S. resident with a valid Social Security number and have a physical address (P.O. boxes only accepted for military residences)|
|Loan servicer||Avant Loan|
How to take out a personal loan with Avant
Avant may be good match for many borrowers who are interested in a personal loan. The company’s flexible credit requirements can be particularly attractive to those who might not qualify with some other lenders. Because every lender has its own methods for evaluating borrowers, it’s always a good idea to request rates from multiple lenders to see which is the best fit for your own, unique circumstances.
Credible makes it easy to request actual prequalified rates from Avant and other lenders who offer personal loans. It only takes 2 minutes to request actual prequalified rates and only a soft credit inquiry is conducted so your credit score isn’t affected.
The company above is one of Credible’s approved partner lenders. Because they compete for your business through Credible, you can request prequalified rates from them by filling out a single form. Then, you can compare your available options side-by-side. Requesting prequalified rates is free and doesn’t affect your credit score. Credible receives compensation if you close a loan with one of our partner lenders. The rates you receive and the fees you pay (if any) are not impacted by this compensation.