Avant Personal Loans
Borrow $2,000 to $35,000, fixed APR from 9.95%–35.99%, with loan terms up to 60 months and quick next-business-day funding available if approved.
Avant Personal Loans are a solid option for those who need quick access to cash for a range of needs, including emergencies, home improvements, or consolidating debt. Loan amounts start as low as $2,000 and go up to $35,000, with APRs ranging from 9.95% to 35.99%. Loan terms are flexible, spanning 24 to 60 months, making it possible to find a payment schedule that fits most budgets. There is an administration fee of up to 9.99%, and a late fee of $25 and a dishonored payment fee of $15 may apply.
How to Apply: Step-By-Step
First, check your personal loan options by submitting some basic financial information. This step won’t impact your credit score. Then, complete the simple online application which takes just minutes. Once you’re approved, you can get a decision in just a few minutes, and funds may be deposited as soon as the next business day.
Pros
Avant stands out for its speed. Approved borrowers can receive funds extremely quickly, often the very next business day. In addition, fixed interest rates and predictable monthly payments make budgeting easier. The ability to manage your loan via the Avant mobile app adds convenience for busy users.
Cons
The main downside is the relatively high maximum APR, which can reach 35.99%. There is also an administration fee up to 9.99%, which is higher than some competitors. Minimum and maximum amounts, as well as fees, may vary by state.
Our Verdict
For borrowers seeking a quick, easy application and next-day funding, Avant Personal Loans are a strong choice. They’re particularly worth considering for those who need smaller loan amounts and flexible terms but are comfortable with the possibility of higher fees. However, borrowers with excellent credit might be able to find cheaper alternatives elsewhere, so it pays to shop around before committing.
