Avant Personal Loans: Flexible Options for Everyday Borrowers

How Avant Personal Loans Work

Avant offers unsecured personal loans with few spending restrictions that can be used for a wide range of purposes, including:

• Debt consolidation
• Emergency expenses
• Medical bills
• Home repairs
• Major purchases

The application process is fully online. To check offers you can visit the lender directly online or navigate through platforms such as Acorn Finance that allow you to check offers from multiple lenders. Checking offers with Avant typically does not require a hard credit pull. If you move forward with an offer, Avant completes the underwriting process, verifies information, and — if approved — can fund the loan directly to your bank account.

Because Avant focuses on a broader credit spectrum, its underwriting considers more than just a single credit score. Income, employment, and overall financial profile all play a role in determining the offer and details. 

What Is Avant?

Avant is a financial technology company that specializes in personal lending and digital financial tools. Founded in 2012, the company was built around the idea of expanding access to credit for consumers who often fall between prime and subprime categories.

In addition to personal loans, Avant also offers credit cards and financial education resources. Its online-first model emphasizes speed, convenience, and clarity — features that appeal to borrowers who want fewer hurdles and faster decisions.

Is Avant a Legit Company?

Avant is a legitimate and established lender featured in our list of top national lending partners at Acorn Finance.  The company operates nationwide (with some state restrictions) and follows applicable lending regulations. Avant has issued billions of dollars in loans and serves hundreds of thousands of customers across the U.S.

Like any lender, Avant receives a range of reviews — positive and negative — often influenced by borrower expectations around rates, fees, and repayment. Understanding the loan terms before accepting an offer is the best way to ensure there are no surprises.

Avant Personal Loan Rates and Terms

Avant personal loans rates and repayment periods can vary depending on the borrower’s qualifications and loan request. Loan amounts can vary from $2,000 up to $35,000 and rates can vary from 9.95% to 34.99%, depending on qualifications. Avant can offer repayment periods ranging from 24 to 60 months, depending on qualifications and loan amount. Avant limits can vary by state too. Given that rates and terms are personalized, the most accurate way to understand what Avant can offer is to review a real loan offer rather than relying on advertised ranges. At Acorn Finance, you can explore offers from Avant and competing top national lenders – all with no credit score impact.

Who Should Consider an Avant Personal Loan?

Avant may be a good fit for borrowers who have fair or average credit, prefer an online experience,  and need access to funds quickly. Avant may be less appealing for borrowers with excellent credit that may qualify for lower rates elsewhere. Ultimately though it’s encouraged to compare your options to determine which offer and lender is most suitable based on your needs. 

Avant Personal Loan Pros & Cons

Pros

• Accessible to borrowers with fair credit
• Fully online application and account management
• Fixed interest rates and predictable monthly payments
• No collateral required

Cons

• Interest rates may be higher than prime lenders
• Origination and late fees may apply
• Not available in every state
• Lower maximum loan amounts compared to some competitors

Avant Personal Loans FAQs

Are Avant loans hard to get?

Avant loan offers are accessible online and favorable for borrowers with fair credit. That said, approval is not guaranteed and depends on factors like income, credit history, and overall financial health.

Can I have 2 Avant loans?

Avant typically allows only one active personal loan at a time. In some cases, borrowers may be eligible to refinance an existing Avant loan, but holding multiple concurrent loans is uncommon. For specific questions, reach out to the lender directly. 

Can You Pay Off Upstart Loan Early?​

Avant does not charge prepayment penalties. Paying off your loan early can reduce the total interest paid over time.

How fast can I get funds from Avant?

If approved, funds may be deposited as soon as the next business day, although funding times may vary. 

What do Avant loan reviews say?

Avant reviews often highlight the straightforward application process and fast funding. Negative feedback typically centers on higher interest rates or fees – which can be attributed to their broader approval criteria supporting the ability to help borrowers with less than perfect credit. The lender may use a higher rate to offset the risk associated. 

Does Avant charge fees?

Avant may charge an origination fee, which is typically deducted from the loan proceeds. Late payment fees and other charges may also apply. Always review the loan agreement to understand the full cost.

How Avant Compares to Other Lenders

Avant is known for offering a fast application process and flexible credit requirements. However, for borrowers with strong credit scores, rates may be higher than competitors. 

Compared to other online lenders, Avant sits in the middle of the spectrum — not the cheapest option, but often more accessible than prime-focused platforms.

This is where comparison shopping becomes valuable. Using a marketplace like Acorn Finance allows borrowers to review multiple offers side by side, helping them weigh Avant against other national lenders based on real terms rather than assumptions.

Is Avant the Right Loan for You?
Avant personal loans are designed for borrowers who value accessibility, speed, and predictability — even if that means paying a higher rate than prime lenders. If you’ve received an offer from Avant or see it among your options, the key question is whether the monthly payment and total cost align with your budget and goals.

Before accepting any loan:

• Compare offers when possible
• Review fees and repayment terms carefully
• Consider how the loan fits into your broader financial picture

The right loan isn’t just about approval — it’s about choosing an option you can manage confidently from day one through payoff.