Personal Loan

In this comprehensive review, we explore Avant® Personal Loan designed to meet diverse financial needs. Discover how Avant® stands out with its competitive interest rates, flexible borrowing limits, and rewarding perks.
2000 - 35000 $
Loan Amount
12 - 60 Months
Repayment Term
9.95 - 35.99 %
APR

Product Details

General Info
 Loan Amount Loan Amount
2000 - 35000 $
Repayment Term Repayment Term
12 - 60 Months
Required documents Required documents
SSN, ID
Do I fit in?
Age Age
from 21 years
Credit Score Credit Score
300
Income required Income required
Fees
APR APR
9.95 - 35.99 %

How to Apply for an Avant?

  1. Visit website. Start by going to the Avant official page. Choose the financial product you're interested in applying for—either a personal loan or the Avant Credit Card from the main menu.

  2. Check your eligibility. For the Avant Credit Card, click on "See If You Qualify" to pre-qualify without impacting your credit score. For personal loans, select the "Check Your Loan Options" to see what you may qualify for.

  3. Complete the application form. Fill out the application form with your personal, employment, and financial information as requested. This may include your full name, address, income details, and social security number. Double-check the information entered for accuracy, then submit your application for review.

  4. Wait for a decision. Avant will process your application and provide you with a decision. This may happen relatively quickly, depending on their assessment process.

  5. Accept the offer. If approved, review the offer details carefully. For credit cards, this includes your credit limit and APR; for loans, it includes the loan amount, APR, and repayment terms. Accept the offer if it meets your needs.

  6. Receive your funds or credit card. For personal loans, funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. For credit cards, wait for your card to arrive in the mail, which may take a few business days.

Conditions and Requirements

Conditions

  1. Loan amounts and terms. For personal loans, Avant offers amounts ranging from $2,000 to $35,000 with APRs ranging from 9.95% to 35.99%. Loan terms vary from 12 to 60 months, with administration fees up to 9.99%. The specific loan amount, duration, and APR that a customer is eligible for may differ depending on their credit determination and state regulations.

  2. Credit card limits and fees. The Avant Credit Card offers clear and transparent credit limits from $300 to $3,000. There is a $39 annual membership fee for the credit card, and the APR is 35.99%, which may vary based on different offers provided through different channels.

  3. Security and privacy. Avant uses end-to-end industry-standard encryption and state-of-the-art technology to ensure the safety and security of customer data.

  4. Partnership with Major League Soccer. For MLS fans, Avant offers the MLS Forward Credit Card, allowing users to earn rewards based on their purchases related to the league, gas, dining, and groceries.

Requirements

  1. Application process. Applicants need to fill out an application form on the Avant website for either a personal loan or credit card. This involves providing personal, employment, and financial information.

  2. Credit check. For credit card applications, Avant allows potential applicants to see if they qualify without impacting their credit score. For personal loans, checking loan options might involve a credit check to determine eligibility but typically involves a soft pull initially that does not affect the credit score.

  3. Income verification. Applicants may need to provide proof of income as part of the application process to verify their ability to repay the loan or manage credit card payments.

  4. Age and residency. Applicants must be of legal age (from 18 y.o.) to contract and be a resident in the U.S. Specific age requirements can vary by state.

  5. Bank account. A valid bank account is required for the loan disbursement process and for managing repayments effectively.

  6. Documentation. Applicants might need to provide additional documentation as part of the application process, such as identification, proof of income, or residence verification, depending on the product applied for and the applicant's financial situation.

Ways to Receive the Money

Avant offers a streamlined and efficient way for customers to receive their loan funds, ensuring a quick and hassle-free process. Once a personal loan application is approved, Avant generally deposits the funds via ACH (Automated Clearing House) for delivery as soon as the next business day, provided the approval is completed by 4:30 pm CT from Monday to Friday. This method is direct, secure, and convenient, allowing borrowers to access their funds swiftly without the need for physical checks or in-person visits. Avant's approach to fund disbursement is designed to meet the urgent financial needs of its customers, making it easier for them to manage unexpected expenses or finance personal projects efficiently.

Company documents

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30.05.2022
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Last update 27.03.2024