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AVANT
PERSONAL LOAN REVIEW
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Avant is an online lender that makes small loans — both single-payment and installment loans — to borrowers with low credit scores. Avant’s rates are as high as traditional payday loans in some cases, and lower than payday loans in others
2.0 out of 5.0 stars
Fast & Easy Online Applications
Credit Card Alternative
24 Hour Approvals
CONSUMER WARNING
Over 190 BBB Complaints
Avant is one of the largest online lending platforms to focus on consumers with low credit scores. The Chicago-based company focuses on the “typical middle-class American consumer,” says Avant president Adam Hughes.
According to the company, about half of Avant’s borrowers take out loans for debt consolidation.
Avant’s annual percentage rate ranges from 9.95 to 35.99 percent. The annual percentage rate is fixed rather than a variable rate, so rates are not subject to change, meaning the rates will never go up or down. These numbers are average and aren’t very competitive interest rates when compared to other top personal loan companies.
Avant has only been in business since 2012. With limited time in business compared to other online lenders, you may feel more comfortable taking your business to a more experienced lender. You can look at Avant reviews below to see how customers feel about the lender to help you make your decision as well.
Avant has a minimum average credit score of 650 in place, meaning that a customer with a score lower than this will not even be considered and will need to improve the score before he/she will qualify for an Avant personal loan.
Avant Customer Complaints Summary:
12 Advertising/Sales Complaints
109 Billing/Collections Complaints
4 Delivery Issues Complaints
4 Guarantee/Warranty Complaints
69 Problem with a Product or Service Complaints
Total: 198 BBB Complaints