Avant Review
Good for: Fast Cash, Easy Approval, Personal Loans, Debt Consolidation Loans, Building Credit
AVANT OVERVIEW
Avant is one of the largest personal loan providers operating today. They’ve funded over $4 billion in unsecured loans and helped 600,000+ customers (and counting) get the financial help they need when they need it. Their passionate staff has a single minded focus on lowering the barrier and cost of borrowing. This allows Avant to approve you for a personal loan at an affordable interest rate and payment schedule. Whether you need money to consolidate your debts, fund a home improvement project, or cover an emergency, Avant can help.
SERVICES PROVIDED
Avant is a leading personal loan provider and also provides debt consolidation loan and credit card services.
Personal Loans
Personal loans, also called installment loans or unsecured loans, are loans that don’t require any collateral or a standard credit check for you to qualify. The main determining factor in your “credit worthiness” is your ability to repay the loan, not some three digit number. This lowers the overall borrowing barrier so you can be approved quickly and have the money in hours rather than days.
Debt Consolidation Loans
Like the name implies, debt consolidation loans are loans that are meant to wrangle all of your different outstanding debts and put them under one roof. No more worrying about which debt’s interest rate is higher and needs to be paid off first. No more juggling different payment methods. Once you’re approved for a debt consolidation loan, you use those funds to close out your other debts and you make a single monthly payment to that lender. This loan type is great for most people, but you want to make sure that you get approved for an interest rate that lower than most, if not all, of your current debts.
AVANT LOAN PROCESS
Avant’s personal loan application process can be done entirely online and is quick and transparent. When you apply online, be sure to have your address information, income information, and social security number (SSN) handy so you can fill out the application in full. Once you’ve submitted that information, Avant will offer you an array of loan options for you to review and choose from. Each loan will have pertinent information, i.e. interest rate, loan term, etc., so you can find the loan that’s right for you. When you’ve found your loan, you can sign your contract online and get your funds as early as the next business day. Sometimes earlier!
LOAN REQUIREMENTS
- Government Issued ID
- Social Security Card
- Proof of Residence
- Proof of Income (Most recent pay stubs)
LOAN DETAILS
- Loan Amount: $2,000 - $35,000
- Loan Duration: 24 - 60 months
- Collateral Needed: No
- Interest Rates: 10% - 36%
- Minimum Credit Score: Not Listed
- Approval Time: ~1 Business Day
- Loan Deposit Time: ~1 Business Day
- Late Fees: Yes
- Insufficient Funds Fees: Yes
- Administration Fees: Yes
AVANT REVIEW
While they may be “new” to the industry, Avant makes up for that by being pretty much the best at what they do. That may sound like a bit of a bold claim, but the numbers don’t lie. Avant has lended almost $4 billion to 600,000+ customers in just over 5 years of operation. They have a 9.2 out of 10 rating on TrustPilot in an industry that is usually riddled with disgruntled customers. You don’t lend that much money to that many people and maintain that high of a customer satisfaction rating without doing a whole lot of things right.
Avant’s main focus is making their borrowing process transparent and convenient. We have to say that they’ve succeeded on both counts. Their loan application process is simple, straightforward, and comes at zero risk to you since it doesn’t affect your credit score. You can see multiple personal loan options during the application process so you can pick the one that meets your financial needs.
They offer personal loans from $2,000 to $35,000 at interest rates from 10% to 36%, both of which are better than industry averages. In a nutshell, this means that you can get more money for less. With personal loans’ low barrier for approval, you can get the money you need, when you need it, and at an interest rate that’s affordable.
Avant’s real competitive edge, in our opinion, is their passion. We’re not talking about that tired old “The Company That Cares™” chestnut. When you go through their site, you can tell that they’re a company that is genuinely trying to change the lending industry rather than one that’s content at just being another cog in the machine. Where others are content at coasting, they’re innovating. Their company culture is one of diversity and inclusion that’s focused on delivering the best product and service possible.
AVANT BBB REVIEWS
Avant has been accredited with the BBB since 3/1/2015 and they've earned an A+ BBB rating. The 106 customer reviews on Avant's BBB profile has resulted in a 1.25 BBB review score. There have been 216 complaints, but Avant's has answered or resolved them all.
IS AN AVANT LOAN RIGHT FOR YOU?
When it comes to getting a personal loan, it doesn’t get much better than Avant. They have a fantastic customer satisfaction score. Their loan amounts, interest rates, and loan terms are fiercely competitive with the rest of the industry. They’re transparent when it comes to any and all information about their services and company. They’ve climbed to the top of the private lending industry in just over 5 years. If there’s anything negative about their services, we haven’t found it. If you’re in the market for a personal loan, Avant is an excellent choice.
