Avant Loans
Apply Now Get Personalized Rates

Best Of Product

Avant Loans
in Personal Loans from Avant LLC
Claimed Apply Now Get Personalized Rates

Avant Loans

in Personal Loans from Avant LLC
SuperMoney Net Recommendation Score +80  


This product is strongly recommended by SuperMoney users with a score of +80, equating to 4.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

Cast your vote

Would you recommend Avant Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Community Rating Strongly recommended
APR  (Fixed APR) 9.95% - 35.99%
(Verified 12/09/2023)
Loan Amount $2,000 - $35,000
Loan Term (Months) 24 - 60 months
Number of Reviews 706

Avant Loans Review

Avant Loans is offered by Avant LLC, a financial services company founded in 2012 and based in Chicago, IL. It is made possible by a bank partnership with WebBank. Avant Loans are available in 43 states (and Washington, DC).

Key Takeaways

  • APRs starting at 9.95%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Avant Loans are on the higher end of the spectrum.
  • Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
  • Strongly recommended. 626 out of 706 SuperMoney community members recommended Avant Loans.
  • Prequalified rate. You can check your prequalified rate at Avant LLC with a soft pull that will not affect your credit score.
  • Origination fees of up to 4.75%. This is on the low end for lenders that charge an origination fee. However, plenty of lenders don't charge an origination fee. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
  • Minimum income of $15,000. You will need an annual income of at least $15,000 to apply for Avant Loans, which is below average for the lenders in our database

Avant Loans Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 35.99%.
  • Charges an origination fee of up to 4.75% of the loan amount.
  • Charges a late fee of $25

Avant Loans FAQ

What interest rates and personal loan terms does Avant Loans offer?

What interest rates does Avant Loans offer?

Avant Loans offers a fixed APR personal loan product that ranges from 9.95% APR up to 35.99% APR.

How much can you borrow via Avant Loans?

Personal loan amounts start at $2,000and go up to $35,000

What is the maximum loan term you can get with Avant Loans?

Avant Loans offers loans with terms of up to 60 months.

Avant Loans Interest Rates & Loan Terms
Personal Loan Amount $2000 - $35000
Loan Term 24 - 60 months
APR 9.95% - 35.99%

What fees does Avant Loans charge?

Does Avant Loans charge an origination fee?

Avant Loans may charge a personal loan origination fee of up to 4.75% of the personal loan amount.

Does Avant Loans charge a late fee?

Yes, Avant Loans may charge borrowers a late payment fee if you miss one of the monthly payments of up to $25, which is triggered if you're 10 days late.

Does Avant Loans charge prepayment fees?

No, Avant Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Avant Loans Fees
Origination Fee up to 4.75%
Prepayment Fee No
Late Payment Fee $25

What do you need to qualify for Avant Loans?

Applicants with a credit score of at least 560 and up to 680 may be eligible for Avant Loans. The minimum age to be eligible is 19 or the state minimum, whichever is higher.

To qualify for personal loans with Avant Loans, applicants need a minimum annual income of $15,000 or higher. Avant Loans only considers borrowers who are employed and meet the minimum income requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Avant Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Avant Loans.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking or savings account
  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Avant Loans Eligibility Criteria
Minimum Age 19
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
Credit Score 560 - 680

What is the estimated funding time for a personal loan via Avant Loans?

Avant Loans will typically provide a credit approval decision in less than an hour and fund the loan within 3 business days.

Does Avant Loans report your account activity to credit bureaus?

Yes, Avant Loans reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Are Avant Loans legit?

Avant LLC was founded in 2012, it is a well-established company that has been in business for 11 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

Avant Loans Disclosure: *AVANT LOANS Disclosure: 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. For example: A $5,900 loan with an administration fee of 4.75% and an amount financed of $5,619.75, repayable in 36 monthly installments, with an APR of 29.95% would have monthly payments of $250.30. The decision process may take longer if additional documents are requested. Approval and loan terms will vary based on credit determination and state law. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC. See New Mexico consumer brochure for common terms and definitions and regulations around rates and fees. View Avant Loans's published terms & conditions.
SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Avant Loans

We love what we do. Over 800,000 customers have been helped by transparent & convenient personal loans.

Message From Our Editor

What we love about Avant Personal Loans

Avant is an online lender that makes it easy to fill out an application without having to work with a lender in-person. You can prequalify and get a lending decision in as little as 15 minutes. If approved, the money will arrive in your bank account as soon as the next day.

Avant offers personal loans to consumers with less than perfect credit. The company considers people with credit scores in the fair to good range. There’s no credit impact to find out if you prequalify, so you can see what type of loan offer you’ll receive without hurting your credit.

What could Avant Personal Loans do better?

Because Avant targets its personal loans at people with fair and good credit, its interest rates are frequently higher than the rates offered by other lenders. If you have strong credit, you will likely get a better deal elsewhere.

Avant also only offers unsecured loans with a lower loan maximum than other lenders offer for secured personal loans. If you have to borrow a large amount, you may not be able to get enough money from Avant to meet your needs.

Avant’s personal loans also come with some fees, including origination fees, that will increase the cost of your loan.

Avant Personal Loans’s backstory

Avant, LLC is a Chicago-based financial technology company. It was founded in 2012 and started offering loans in 2013. The company later expanded into secured credit cards to help borrowers build their credit scores.

The Verdict

If your credit isn’t great, Avant may be a good choice of lender if you need a personal loan. People with strong credit histories will likely get a better interest rate and be able to borrow more from other lenders with more traditional approval criteria.


  Available in 43 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Washington, DC
  • Wisconsin
  • Wyoming

Feature Breakdown

Late Fee Amount $25
Late Fee Grace Period 10 days
No Prepayment Fee
(Verified 11/17/2023)
Origination Fee (%) Up to 4.75%
Accepts Savings Accounts
Checking Account Required
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 19
Minimum Annual Income $15,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
Credit Score Range 560 - 680
Approval Speed 0 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 3 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
Pre-Qualified Soft Credit Inquiry
APR Type Fixed APR
Loan Amount $2,000 - $35,000
APR (Fixed APR) 9.95% - 35.99%
(Verified 12/09/2023)
Loan Term 24 - 60 months

Avant Loans Community Reviews


Would you recommend Avant Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)


This product is strongly recommended by SuperMoney users with a score of +80, equating to 4.6 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Personal Loans