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Avant Loans Reviews

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Avant Loans Reviews
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Avant offers loans to borrowers with FICO scores as low as 580. Their website states that most of their customers who receive a loan have scores between 600 and 700. Their credit requirements make Avant a good option for borrowers who would get turned down due to credit score by other lenders. However, borrowers with low scores will end up with higher interest rate.

Avant charges an origination fee of up to 4.75% of the loan, a cost that is reflected in the Annual Percentage Rate you are quoted. There are no penalties for paying of your loan early.

About Avant

Avant is an online personal loan lender that was founded in 2012. Avant has made over 600,000 personal loans, totaling over $4 billion.

Avant offers a streamlined process where consumers can check their loan options without affecting their credit, apply for a loan and submit all documents electronically.

Avant offers loans to borrowers with lower credit scores than most personal loan lenders. They don't publish a minimum credit score requirement, but say that the majority of their customers have FICO scores between 600 and 700. Borrowers turned away from other lenders due to credit score may qualify with Avant.

Loam amounts ranage from 2,000 to $35,000. The minimum you can borrow can vary by state.

Interest rates range from 9.95% to 35.99% APR.

Loan repayment terms range from 24 to 60 months.

Administration fee up to 4.75% of your loan amount are taken directly from the loan proceeds at funding.