Avant is an online lending platform offering unsecured personal loans designed to give borrowers a straightforward way to access funds for a range of personal expenses. The application process is completed online, and borrowers can check their loan options without affecting their credit score.
Personal loans through Avant range from $2,000 to $35,000, with fixed APRs from 9.95% to 35.99% and repayment terms ranging from 24 to 60 months. Approved borrowers may receive their funds as soon as the next business day, depending on the time of approval and their bank.
In this review, we’ll examine how personal loans through Avant work, their rates and fees, eligibility requirements, the application process, and the main advantages and drawbacks to consider before applying.
⭐ Our Rating: 4.3/5
Best For: Borrowers with fair or average credit who want an unsecured personal loan with a completely online application process and potentially fast funding.
✔ Quick Highlights
- Loan amounts from $2,000 to $35,000
- Fixed APRs from 9.95% to 35.99%
- Repayment terms from 24 to 60 months
- Unsecured personal loans
- Check your loan options without affecting your credit score
- Funding may be available as soon as the next business day
👉 Check Your Loan Options with Avant
🔍 Check Offers Without Affecting Your Credit Score
⚡ Next-Business-Day Funding Available
💰 Fixed Rates
💻 Online Application
📅 24–60 Month Repayment Terms
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Quick Verdict
Avant offers unsecured personal loans with a fully online application process, making it a potentially useful option for borrowers who want relatively quick access to funds. Loan amounts range from $2,000 to $35,000, with fixed APRs from 9.95% to 35.99% and repayment terms from 24 to 60 months.
Borrowers can check their loan options without affecting their credit score. If approved, funds may be deposited as soon as the next business day, although the actual timing depends on when the loan is approved and the borrower’s bank.
The main drawback is cost. Avant may charge an administration fee of up to 9.99%, which is deducted from the loan proceeds. Borrowers at the higher end of Avant’s APR range could therefore face a relatively expensive loan. Avant does not charge a fee for paying a personal loan off early.
Our Verdict: Avant may be worth considering for borrowers with fair or average credit who want an unsecured loan, an online application and potentially fast funding. However, borrowers should pay close attention to the APR and administration fee offered and compare the total cost with other available options.
| Overall Rating | ⭐⭐⭐⭐☆ (4.3/5) |
|---|---|
| Best For | Borrowers with fair or average credit seeking an online personal loan |
| Loan Amounts | $2,000–$35,000 |
| Funding Speed | As soon as the next business day |
| Soft Credit Check | ✅ Yes – checking offers doesn’t affect your credit score |
| Prepayment Penalty | ❌ No |
Pros & Cons
Like any lender, Avant has strengths and weaknesses. Understanding both sides can help you decide whether it’s the right fit for your financial needs.
✅ Pros
✔ Check Loan Options Without Affecting Your Credit Score
Avant uses a soft credit inquiry when you check your loan options, so you can see potential rates and terms without affecting your credit score.
✔ Fast Funding Available
If approved, funds are generally deposited by ACH for delivery as soon as the next business day when approval is completed by 4:30 p.m. CT Monday through Friday.
✔ Suitable for a Range of Credit Profiles
Avant says it considers applicants with fair and average credit, including borrowers with credit scores in the 580–669 range, although approval is not guaranteed.
✔ No Prepayment Penalty
Avant doesn’t charge a penalty for making additional payments or repaying your loan early, giving borrowers the option to pay down their balance faster.
❌ Cons
✖ Administration Fee May Apply
Avant may charge an administration fee of up to 9.99%. The fee is deducted from the loan proceeds, meaning the amount deposited into your account can be less than the amount borrowed.
✖ APRs Can Be High
Avant’s advertised APR range extends as high as 35.99%, so borrowers receiving an offer toward the upper end could face substantial borrowing costs.
✖ Maximum Loan Amount Is $35,000
Avant offers personal loans up to $35,000, which may not be enough for borrowers who need a larger loan to cover major expenses or consolidate substantial debts.
✖ Late and Returned-Payment Fees May Apply
Late fees may apply when a scheduled payment is missed, and dishonored-payment fees may apply when a payment is returned unpaid. Late-fee rules vary by state.
What Is Avant?
Avant is a financial technology company that provides access to unsecured personal loans through its partnership with WebBank, an FDIC-insured, state-chartered industrial bank. WebBank originates the loans, while Avant services the loan products and acts as the main point of contact for borrowers.
Unlike traditional banks and credit unions, Avant’s personal loan process is designed to take place online. Borrowers can check potential loan options without affecting their credit score, review available rates and terms, and continue with an application if they find an option that suits their needs. Continuing with the application involves a hard credit inquiry.
Avant provides access to unsecured consumer installment loans, meaning borrowers don’t need to pledge a vehicle, home or other asset as collateral. Personal loans through Avant can be used for a variety of purposes, including:
Avant personal loans can be used for a variety of purposes, including:
- Debt consolidation
- Home improvements and repairs
- Medical or unexpected expenses
- Emergency expenses
- Moving and relocation costs
- Adoption expenses
- Weddings and honeymoons
- Other eligible personal expenses
Avant’s current personal loans range from $2,000 to $35,000, although the amount an individual borrower qualifies for depends on factors including their credit profile, income and applicable state limits.
The application process is completed online. Avant says decisions are provided quickly when possible, although additional documentation can extend the process. If approved, personal loan funds may be deposited by ACH for delivery as soon as the next business day.
Quick Facts About Avant
| Feature | Details |
|---|---|
| Established | 2012 |
| Loan Amounts | $2,000–$35,000* |
| Loan Type | Unsecured personal loans |
| APR Range | 9.95%–35.99%* |
| Loan Terms | 24–60 months* |
| Soft Credit Check | Yes – when checking loan options |
| Application | Online |
| Loan Provider | WebBank |
Loan amounts, APRs and terms depend on credit determination, state law and other factors. Minimum loan amounts vary by state.
Key Features
Avant’s personal loans combine a fully online application with fixed rates, predictable monthly payments and potentially fast funding. Borrowers can also check their loan options before deciding whether to proceed with a full application.
Unsecured Personal Loans
Personal loans through Avant are unsecured, so borrowers don’t need to provide a vehicle, home or other asset as collateral. Loans are available from $2,000 to $35,000, subject to approval and applicable state limits.
Fixed Rates and Payments
Avant personal loans have fixed interest rates and regular installment payments, meaning the interest rate won’t change over the course of the loan.
Flexible Repayment Terms
Repayment terms range from 24 to 60 months, giving borrowers some flexibility to balance their monthly payment against the overall cost and length of the loan.
Check Options Without Affecting Your Credit Score
Borrowers can check potential rates and terms using a soft credit inquiry, which doesn’t affect their credit score. A hard credit inquiry is performed if they choose to continue with the application.
Fast Funding
If approved by 4:30 p.m. CT Monday through Friday, funds are generally deposited by ACH for delivery as soon as the next business day, although the exact timing depends on the borrower’s bank.
Automatic Payments
Borrowers can enroll in automatic ACH payments, allowing their scheduled monthly installment to be taken automatically from their chosen bank account. Other payment methods are also available.
Online and Mobile Account Management
Avant customers can manage their loan online or through the Avant mobile app. The app allows borrowers to view upcoming payments and payment history, make additional payments and view their payoff quote.
Interest Rates, Fees & Repayment Terms
Before taking out a personal loan, it’s important to consider the total cost of borrowing rather than just the amount you can receive. Avant’s rates and fees vary depending on the borrower, the loan offer and applicable state requirements.
Interest Rates
Avant offers fixed APRs ranging from 9.95% to 35.99%. The rate you’re offered depends on Avant’s assessment of your application and other factors. Because the rate is fixed, it won’t change during the repayment term.
Loan Terms
Repayment terms range from 24 to 60 months. A longer repayment period can reduce your monthly payment, but it may also increase the total amount of interest paid over the life of the loan.
Administration Fee
Avant may charge an administration fee of up to 9.99%. The fee is disclosed when you check your loan options and, if applicable, is deducted from the loan proceeds before the remaining funds are deposited into your account.
💡 Good to know: Avant doesn’t charge a prepayment penalty, so borrowers can make additional payments or pay their loan off early without being charged an early-payment fee.
Late and Dishonored Payment Fees
Late fees may apply if a scheduled payment isn’t made on time, with the amount and timing depending on applicable state rules. Avant may also charge a dishonored-payment fee when a scheduled payment is returned unpaid.
How the Avant Application Process Works
Avant’s personal loan application process takes place online. You can begin by checking your potential loan options using a soft credit inquiry, allowing you to see whether options are available without affecting your credit score.
Step 1: Check for Loan Offers
Provide some basic personal and financial information through Avant’s website to check whether potential loan options are available. This initial check uses a soft credit inquiry and doesn’t affect your credit score.
Step 2: Review Your Options
If options are available, review the proposed loan amount, APR, repayment term and estimated monthly payment. This is also where you’ll be able to see whether an administration fee applies to your potential loan.
Step 3: Complete Your Application
If you decide to proceed, you’ll provide the additional information Avant requires to complete the application. Avant may request documents to verify details such as your identity, income and bank account. Proceeding with the application involves a hard credit inquiry, which may affect your credit score.
Step 4: Review and Sign Your Loan
If approved, carefully review the final loan agreement, including the APR, administration fee, monthly payment, repayment term and total borrowing cost. You’ll need to accept and sign the loan documents before the loan can be funded.
Step 5: Receive Your Funds
Once the loan is approved and completed, Avant generally sends the funds to your bank account by ACH. If approved by 4:30 p.m. CT Monday through Friday, funds may be delivered as soon as the next business day, although actual availability depends on your bank.
At a Glance
✓ Check Your Loan Options
✔ Review Your Options
✔ Complete Your Application
✔ Review & Sign Your Loan
✔ Receive Your Funds
Customer Reviews & Reputation
What Customers Say About Avant
Customer feedback for Avant is mixed across the major review platforms. Many positive reviews highlight the speed and simplicity of the online application process, with borrowers frequently mentioning quick decisions and funds arriving within the expected timeframe.
Positive feedback also includes comments about helpful customer service and the convenience of completing the process online. However, experiences aren’t universally positive, with some customers reporting difficulties with payments, account servicing and communication.
At the time of checking, Avant has a 4.3/5 Trustpilot score from more than 32,000 reviews. Its main Better Business Bureau profile has an A+ BBB rating, although its average BBB customer-review score is considerably lower at approximately 1.1/5 from around 250 reviews. Ratings and review counts can change over time.
Note: Avant also offers credit cards, so reviews and complaints on these platforms can relate to products other than personal loans.
Common Positive Feedback
- Fast and straightforward online application
- Quick funding reported by many borrowers
- Simple online experience
- Helpful and professional service reported by some customers
- Ability to check loan options before committing
Common Complaints
- High interest rates for some borrowers
- Administration fees increase the cost of borrowing
- Problems with payments or account servicing reported by some customers
- Difficulties resolving issues with customer support
- Loan terms or costs may be higher than some borrowers expect
Our take: Avant receives strong feedback on Trustpilot, particularly around the speed and simplicity of its application and funding process, but the much lower customer-review score on BBB shows that experiences vary considerably. Prospective borrowers should focus closely on the APR, administration fee and total repayment cost of their individual offer rather than relying on customer ratings alone.
Who Should Consider Avant?
Avant may be worth considering if you want an unsecured personal loan with a straightforward online application process. It can be particularly relevant for borrowers with fair or average credit who may have fewer options with lenders focused primarily on excellent-credit borrowers.
Avant May Be a Good Choice If:
✔ You want to check potential loan options without affecting your credit score.
✔ You have fair or average credit and want a lender that considers a broader range of credit profiles.
✔ You need funds for purposes such as debt consolidation, home improvements, emergency expenses or other eligible personal costs.
✔ You prefer an unsecured personal loan that doesn’t require you to provide a vehicle, home or other asset as collateral.
✔ Fast access to funds is important to you — approved loans may be delivered as soon as the next business day, depending on the time of approval and your bank.
💡 Good to Know: Avant offers personal loans from $2,000 to $35,000, with fixed APRs from 9.95% to 35.99% and repayment terms from 24 to 60 months.
Who Should Consider Alternatives?
Avant won’t be the best option for every borrower. Its APR can reach 35.99%, and an administration fee of up to 9.99% may apply, so comparing the total borrowing cost with other available offers is particularly important.
You May Want to Consider Other Lenders If:
✔ You have strong credit and may qualify for a significantly lower APR elsewhere.
✔ You need to borrow more than Avant’s $35,000 maximum.
✔ You want a lender that doesn’t charge an upfront administration fee.
✔ You need a repayment period longer than Avant’s maximum 60-month term.
✔ You’ve compared your options and another lender offers a better combination of APR, fees, monthly payment and total repayment cost.
💡 Good to Know: Checking your potential loan options with Avant uses a soft credit inquiry, so you can see what may be available before deciding whether to proceed with a full application.
Final Verdict
Avant is worth considering for borrowers who want a straightforward, fully online personal loan and may not have the excellent credit profile required to qualify for the lowest rates elsewhere. Avant says most customers who receive loans have credit scores between 600 and 700, although approval depends on more than credit score alone.
Personal loans through Avant range from $2,000 to $35,000, with fixed APRs from 9.95% to 35.99% and repayment terms from 24 to 60 months. Borrowers can check their potential loan options without affecting their credit score, and approved loans may be funded as soon as the next business day.
The biggest consideration is cost. Avant may charge an administration fee of up to 9.99%, which is deducted from the loan proceeds, and borrowers receiving an APR toward the upper end of the advertised range could face a relatively expensive loan.
Overall, Avant could be a useful option for borrowers with fair or average credit who value a simple online process and potentially fast funding. However, it’s important to compare the APR, administration fee, monthly payment and total repayment cost with other available offers before accepting a loan.
Our Verdict
⭐⭐⭐⭐☆ 4.3/5
Best For:
- Borrowers with fair or average credit
- Debt consolidation
- Borrowers who want an unsecured personal loan
- People who prefer a fully online application
- Borrowers who need relatively fast access to funds
- People who want fixed rates and predictable monthly payments
Ready to See Your Loan Options?
If you’d like to see what may be available through Avant, you can check your potential loan options online without affecting your credit score. If you decide to accept an offer and continue with the application, a hard credit inquiry will be performed and may affect your credit score.
👉 Check Your Loan Options With Avant
Disclaimer: Loan offers, APRs, fees and eligibility requirements may change over time and vary by borrower and state. Always review Avant’s latest terms and your individual loan agreement before accepting a loan.
Frequently Asked Questions
Does checking my loan options with Avant affect my credit score?
No. Avant says checking your potential loan options uses a soft credit inquiry, which doesn’t affect your credit score. If you accept an offer and proceed with the application, a hard credit inquiry is performed and may affect your score.
What can I use an Avant personal loan for?
Loans through Avant can be used for various personal expenses, including debt consolidation, home improvements and repairs, emergencies, adoption expenses, and weddings or honeymoons.
How much can I borrow through Avant?
Personal loans through Avant range from $2,000 to $35,000. The amount you’re actually offered depends on credit determination, state law and other factors, and minimum loan amounts vary by state.
How quickly can I receive my money?
Avant says personal loan funds are generally deposited by ACH for delivery as soon as the next business day when the loan is approved by 4:30 p.m. CT Monday through Friday. Actual availability can depend on the borrower’s bank, and applications requiring additional documentation may take longer.
Does Avant charge an administration fee?
It may. Avant currently states that an administration fee of up to 9.99% can apply. The fee is deducted from the loan proceeds and is considered part of the loan principal.
What credit score do I need for an Avant personal loan?
Avant doesn’t present a single guaranteed minimum credit score for approval. It says most customers who receive loans have credit scores between 600 and 700, and its current guidance says it considers applicants with fair or average credit, including scores in the 580–669 range. Approval also depends on factors such as income, existing debt and overall credit history.
Can I check my loan options without accepting an offer?
Yes. Checking your potential options doesn’t commit you to taking a loan. You can review what may be available before deciding whether you want to proceed with an application.
Are Avant personal loans secured or unsecured?
Avant currently provides access to standard unsecured consumer installment loans, so you don’t need to pledge a vehicle, home or other asset as collateral.
Is Avant a legitimate personal loan provider?
Yes. Avant is an established financial technology company. Importantly, Avant itself is not the bank issuing these loans — Avant-branded credit products are issued by WebBank. Avant services the products and acts as the primary point of contact for borrowers.