Personal Loan Reviews Advertiser Disclosure

Avant

4.5 out of 5 stars
3122 Reviews

From Borrowers in the last year

ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL

Application Process

4.5 out of 5 stars

Customer Service

4.5 out of 5 stars

4.5 5

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Most Helpful Positive Review

Jan 16, 2016
Most detailed review you'll get!
MarthaGalvez Borrower

I was approved for a $7k loan on Dec 18th of 2015. My details: credit score pulled was Transunion at 612 at the time, but I had 100% payment history between 5 revolving credit card accounts along with a high interest car loan in good standing (100% on time payments as well) for the last 2 years, with 2 years remaining on it. Monthly income of $5k after taxes for those who are curious. Now, my interest rate is rather high at 35% for this particular loan with Avant, but I can afford well over my $400 monthly payment, and if anything plan to pay it off in about 12 months, if not refiniance the loan with them or another company for a lesser rate now that loan has helped me bring up my score to a near 700! It's the price you pay for bad credit, but be sure you can afford it whether or not you plan to refinance! Okay .... Details about the process now! Application process was unbelievably easy. I used the prequalifying tool, and was approved for up to $15k. I decided to only request a $7k 24-month loan to consolidate some debt while still leaving me a good amount to put away. I had the money the following business day - yes, the NEXT business day. I applied on a Monday around 6pm and received an approval email at 7:15pm, which amazed me considering it was after hours. Applying took less than 15 minutes and it was so easy, clear and concise that I had more questions answered than I could think to ask prior to even officially applying. The prequalifying tool asks you simple serious of questions like full name, address, income, DOB , job type, social - you know, the usual, but it stopped there. Then it lets you know how much you're prequalified up to, and you can move the amount scale to whichever amount you want, which automatically adjusts your interest, loan term, and payment amounts. This is neat, as you can move it around to adjust to your payment/amount needs. Personal advice - try to stay at or under 24 months to save yourself the interest you'll pay. Upon selection, you're able to see your "loan dashboard," so to speak. Even if you aren't yet approved. To your left you'll see a serious of steps you need to complete to speed up the process. First step is to verify your email. The next few are to sign into your online bank account for them to verify your income, then followed by a multiple question identity questionnaire that you have to answer - I advise to have your parents on the line in the event it asks for random family members' ages and addresses (my parents helped BIG time on a few questions like was not at all familiar with regarding aunts and uncles). From there, you wait for an approval email if not a phone call for additional documents/information. In my case, the online steps were enough. I never spoke to anyone. I love that there are no prepayment penalties and no "finders fee," as they are a direct lender. Be sure you are over a 600 credit score. Additionally, my BF got his own loan with a 652 credit score and rather low income (not much above minimum wage), however, he has two car loans both around 2 years of repayment so far with 100% payment history, so I'm sure that helped. Try their prequalify tool, it won't hurt your score.  Hope this helped !!

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Most Helpful Negative Review

Sep 13, 2016
Avoid like the Bubonic plague.

Difficult approval. And when approved. I recieved $4,700.00. Dismal Customer Service. Switched Dates on Payments. And didn't help my credit score much. Do yourself a favor. Find another online lender with reasonable APR's and interest rates. Avant is for bottom feeders.

LENGTH

30months

APR

59.0%

PAYMENT

$300.01/mo

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These reviews were written by current and former borrowers in the last year.

Dec 08, 2016
Easy process great way to rebuild credit
dmalbea4him Borrower

Extremely helpful and nice. It was a breeze from start to finish.

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Dec 07, 2016
Fast and easy approval.
jetski6977 Borrower

Will definitely use Avant again in the future.

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Dec 06, 2016
Lifesaver
Anonymous Borrower

Super quick and super fast.. got approved for what I needed in less than 2hours!

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Dec 06, 2016
perfect.
Anonymous Borrower

The loan process was so easy and XXXXXXXXXXXX in customer service was very friendly and helpful. we wanted consolidate some debt and Avant made it easy.

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Dec 06, 2016
This loan allowed me to payoff my debt.
Anonymous Borrower

Quick and easy process. I was able to payoff credit card debt.

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Dec 06, 2016
Quick application and disbursement
Anonymous Borrower

Credit score in the high 650s with Transuniom and Equifax. Was approved in minutes with a reasonable interest rate. Highly recommend. 

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Dec 06, 2016
Desperate times call 4 desperate measure
Anonymous Borrower

Easy to get loan not so easy to pay off.Intrest rates are way to high 30%.Unless you really need fast cash I would not recommend this loan.

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1 Reply
Dec 07, 2016

Thank you for your feedback. Please be advised that rates are determined on an individual basis and are based on a number of factors including your credit score, repayment history, debt to income ratio, etc. At Avant, we help tens of thousands of customers to improve their credit score through our flexible personal loans. If you have any further questions, please contact us at Feedback@Avant.com.

 
Dec 06, 2016
Great experience thank you so much
asmith0766 Borrower

Quick decision and extremely helpful staff 

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Dec 06, 2016
Simple application & approval
RME329 Borrower

Great customer service. Very simple process. Loan deposited into my bank account within a day or two!

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Dec 05, 2016
great customer service
Anonymous Borrower

Very fast

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**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.