Loans
Avant Personal Loan review: is it worth it?
Before taking a loan from Avant, learn how their fees and services compare to other lenders. Receive the money within one business day! Read on!
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Note: Some information in this post might be outdated. For the most current documentation and updates, please refer to the product’s original page.
Up to $35,000 with fast funding!
In this Avant Personal Loan review, you’ll meet an online lender that offers personal loans for various purposes!
Nevertheless, the company prides itself on providing access to funds quickly, with most loans being funded as soon as the next business day. So read on and learn more!
| APR | 9.95% to 35.99% |
| Loan Purpose | Emergencies, home improvements, debt consolidation, and more; |
| Loan Amounts | $2,000 to $35,000; |
| Credit Needed | 550 minimum; |
| Origination Fee | 0% – 4.75%; |
| Late Fee | Typically $25; |
| Early Payoff Penalty | N/A. |
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Avant Personal Loan: how does it work?
In this review, we bring up Avan Personal Loan! This service provides a wide range of loan amounts that can be used for several purposes!
Avant Personal Loans are also available for amounts ranging from $2,000 to $35,000, which makes them ideal for those who need a smaller loan.
Also, borrowers can count on a hassle-free application process and fast funding. Thus, you can receive the money you need within one business day!
As a result, you can get a quick solution to help you with your financial needs!
Is it worth it to apply for Avant Personal Loan?
Whether or not it’s worth applying for an Avant Personal Loan depends on a borrower’s financial situation and needs!
Check the pros and cons and decide on this option!
Benefits
- Fast funding process, with the possibility of receiving funds as soon as the next business day;
- Flexible repayment terms, allowing borrowers to choose repayment periods that fit their financial situation;
- Personalized loan options based on the borrower’s credit profile, with the potential for lower APRs;
- No prepayment penalty for early payoff, giving borrowers the flexibility to pay off their loan sooner without incurring extra fees;
- Ability to use the loan for various purposes, including debt consolidation, home improvements, and unexpected expenses.
Disadvantages
- High APRs compared to other online lenders, with rates ranging from 9.95% to 35.99%;
- Origination fees up to 4.75%, which can increase the overall cost of borrowing;
- Late fees up to $25, which can add up quickly if a borrower misses payments;
- Not available in all states, limiting the accessibility of the loan to some potential borrowers.
What credit scores are required for the application?
To apply for Avant Personal Loan, borrowers need a minimum credit score of 580. However, borrowers need a credit score of 700 or higher to qualify for the lowest rates.
Additionally, Avant Personal Loan requires borrowers to have a minimum income of $20,000, which can disadvantage those with lower incomes.
Avant Personal Loan: applying for this loan today
Are you looking for a way to fund a large purchase or consolidate debt? So learn how to apply for Avant Personal Loan today!
With a simple application process and competitive rates, Avant Personal Loan is a popular choice for borrowers needing a loan. So let’s take a look at its process below!
Apply online
Applying for an Avant Personal Loan online is a straightforward process that can be done from the comfort of your home.
To begin the application, visit the Avant website and hit the “Check Your Loan Options” button.
Further, you’ll access a small form. Fill it out with your information, such as your name, address, and Social Security number. Ensure that all info provided is accurate!
Also, you will need to provide information about your employment and income. Avant will use this information to determine your ability to repay the loan!
Next, Avant will conduct a soft credit check to determine your eligibility for the loan. If approved for the loan, the amount will be deposited into your account!
Requirements
Before you apply for Avant Personal Loan, there are a few requirements you’ll need to meet. First, you must be at least 18 and a US citizen or permanent resident!
You’ll also need a valid email address and a checking account in your name.
In addition, you’ll need to meet Avant’s credit requirements, which typically include a credit score of at least 580.
Apply on the app
Another convenient way to apply for an Avant Personal Loan is the Avant app.
The app is available for both iOS and Android devices and can be downloaded for free from the Apple Store or Google Play.
Once you’ve downloaded the app, you can complete the application process in just a few minutes.
You’ll need to provide the same information as you would when applying online, and Avant will conduct a soft credit check to determine your eligibility.
Avant Personal Loan vs. SoFi Personal Loan: which one is the best for you?
Regarding personal loans, Avant and SoFi are two popular options.
Both lenders offer competitive rates and flexible repayment terms, but there are some differences between the two that you should be aware of.
Then here’s a quick comparison of Avant Personal Loan and SoFi Personal Loan!
| Avant Personal Loan | SoFi Personal Loan | |
| APR | 9.95% to 35.99% | 8.99% to 23.43% fixed; |
| Loan Purpose | Emergencies, home improvements, debt consolidation, and more; | Credit card consolidation, Home improvements, Relocation assistance, and Medical procedures; |
| Loan Amounts | $2,000 to $35,000; | $5,000 – $100,000; |
| Credit Needed | 550 minimum; | 650 minimum; |
| Origination Fee | 0% – 4.75%; | 0% – 6%; |
| Late Fee | Typically $25; | None; |
| Early Payoff Penalty | N/A. | None. |
SoFi Personal Loan may be the best option for higher loan amounts. So check out the step by step to apply this alternative.
SoFi Personal Loan: how to apply now!
Learn how to apply for the SoFi personal loan. No hidden fees. Borrow up to $100k and use it for multiple purposes. Read on to learn more.
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