Avant

Avant is a financial services company that aims to lower the costs and barriers of borrowing for everyday people. Since 2012, they’ve helped more than 1.5 million clients get the funding they deserve.

In addition to their personal loans, Avant offers a credit card that helps their clients build credit and a FDIC-insured mobile banking service.

Program Variety

While Avant doesn’t have as wide of a product range as their competitors, their offerings cover a wide range of needs for their clients. In addition to their loans that range from $2,000 to $35,000, Avant has a low-limit credit card that can help their clients build their credit history and a mobile banking service.

Services Available

Avant provides their clients with the following services:

• Unsecured personal loans
• Mobile banking
• Credit card

Program Costs

The APR of an Avant loan can range from 9.95% to 35.99%. They may also charge an administration fee of 4.75%. Like other lenders, Avant also charges late fees and dishonored payment fees.

Avant’s credit card comes with an annual fee that can range from $0 to $59.

Industry Reputation

Avant has helped their clients borrow more than $6.5 billion since 2012. They’ve been a BBB-accredited business since 2015.

Avant’s products are FDIC-insured and highly secure. They’re backed by noteworthy investors, including August Capital, KKR, Victory Park Capital and Tiger Global.

State Coverage

Avant’s personal loans are available in all states except for Colorado, Hawaii, Iowa, Nevada, New York, Vermont and West Virginia.

Benefits

• Funds available as soon as the next business day
• Fixed monthly payments
• No prepayment fees
• Available to those with low credit scores
• Mobile banking and credit card options available