Try This Avant Review for Debt Consolidation

Try This Avant Review for Debt Consolidation
Lauren Ward
on March 17, 2020
Read in 3 min

Avant is a Chicago-based company that has been offering personal loans to its customers since 2012.

Personal loans are unsecured loans, which means they are not backed by collateral, such as a vehicle or a home.

A personal loan can be used for any reason and many people use them to make large purchases, pay for unforeseen expenses, or consolidate their debt.

Avant’s personal loan option comes in the form of an installment loan, meaning it is to be repaid by the borrower in fixed, monthly amounts for the duration of the loan.

The monthly payments include both the principal and the interest accrued.

Interest rates with a loan from Avant sometimes run a little higher than companies offering similar products, but Avant is also willing to work with customers whose credit is less than perfect.

Loan terms will vary from person to person and state to state, so it’s a good idea to compare Avant with other loan companies to make sure you get the best terms for you.

The following Avant review will help you determine if a personal loan from them is the right choice for you.

If you’re looking to connect with a lender, fill out our simple form below: 

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Checking Rates and Loan Availability from Avant

A personal loan from Avant may be used for any purpose and rates vary based on several conditions as will the amount you are able to borrow.

In order to check the rates and terms available to you, Avant will ask in what state you reside.

Be aware that Avant loans are available throughout much of the United States; however, they cannot serve customers who live in Colorado, Iowa, Vermont, or West Virginia.

Avant looks at a variety of factors in an effort to give you the best rate.

This includes your state of residence, credit score, and income.

To see what rates are available to you, Avant asks you to fill out a questionnaire and they then perform a soft credit check.

A soft credit check is only visible to you on your credit report and won’t affect your credit score.

Avant then creates a personal loan package for you based on your creditworthiness and ability to repay the loan.

Based on the factors you’ve input, your APR could vary from 9.95% to 35.99%.

Requesting a Loan with Avant

Once you’ve checked your rates and are happy with the terms and conditions, Avant verifies your information.

They may have some additional questions for you and finally will run a hard credit check.

From there you can select the amount of money you would like to borrow, up to the approved limit or state limit.

More often than not, the full amount of the loan gets deposited in your account within one business day.

The whole process is designed to be fast and easy!

When the funds are actually available depends on your individual bank.

Need Cash? Get a Personal Loan Today

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Avant Review of Benefits & Drawbacks

The details of your personal loan with Avant vary based on state law, your income, and your credit score.

Whether an Avant loan is right for you comes down to the details.


If you’re approved, your interest rate will be determined by several factors, but are typically a little higher than other companies that offer similar loans.

However, many companies won’t even consider you for a loan if your credit score is below 640.

Fees are also a consideration when choosing a personal loan.

Avant does charge an administrative fee between 0.95% and 4.75%, which is fairly standard for these types of loans.

They also charge you a $25 fee if you miss a payment or pay late.


Avant will consider you for a personal loan even if you have a lower credit score.

Typical customers fall within a credit score range of 600 to 700.

And while a fee is charged to your account if you are more than 10 days late on a payment, Avant does offer a late-fee forgiveness policy where you’re refunded the full amount if you make your next three payments on time.

Unlike some other personal loan companies, Avant won’t charge you for early payment either.

These fees can add up with other loan companies if you’re trying to pay off your loan early.

Avant also allows eligible customers to refinance their loans in order to receive additional funds or lower their interest rate.

Benefits such as these may make Avant an attractive choice for you when considering a personal loan.

Repayment schedules last between two and five years, and Avant offers loan amounts up to $35,000 for qualified customers.

The Final Word

If you’re considering a personal loan, Avant is a company with a history of helping customers with debt consolidation and other financial needs.

The online process is fast and easy too!

Avant is also transparent, with no hidden fees, and very clearly spells out the terms and conditions of your personal loan.

If you have a credit score of at least 580 and earn at least $40,000 a year, you might consider a personal loan from Avant.

Looking to connect with a lender? Get started with our easy online form:

Need Cash? Get a Personal Loan Today

I want to borrow

Lauren Ward Finance Journalist

Lauren Ward is a freelance content writer focusing on personal finance, real estate, and lending.

Her work has been featured on Huffington Post, CBS News, and Kiplinger.

She previously worked at the Federal Reserve Bank of Richmond as well as several national non-profit organizations.

Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. is not a lender or lending partner and does not make loan or credit decisions. connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless,’s service is always free to you. This service is not available in all states. If you request to connect with a lender or lending partner in a particular state where such loans are prohibited, or in a location where does not have an available lender or lending partner, you will not be connected to a lender or lending partner. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By submitting your information via this website, you are authorizing and/or lenders and lending partners in its network or other intermediaries to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and Trans Union, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize to share your information and credit history with its network of approved lenders and lending partners. For qualified consumers, our lenders offer loans with an Annual Percentage Rate (APR) of 35.99% and below. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35.99%. All loans are subject to the lender’s approval based on its own unique underwriting criteria. Example: Loan Amount: $4,300.00, Annual Percentage Rate: 35.99%. Number of Monthly Payments: 30. Monthly Payment Amount: $219.36. Total Amount Payable: $6,581.78 Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

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The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.