This guide will walk you through the entire application process for an Avant Loan, including eligibility criteria, required documents, and interest rates.
Avant has emerged as a trusted name in online lending when it comes to securing a personal loan quickly and with minimal hassle.
Known for offering unsecured personal loans tailored to borrowers with fair to good credit, Avant combines speed, flexibility, and transparency.
What Is Avant?
Avant is a U.S.-based financial technology company that offers personal loans and credit cards, primarily serving individuals with fair to good credit.
Founded in 2012 and headquartered in Chicago, Illinois, Avant has provided nearly 3 million customers with access to over $8 billion in loans.
Its services are available in most U.S. states, though availability may vary.
Why Choose Avant Loan?
Avant offers an entirely online application process. You can check your loan options with a soft credit check (no impact on your credit score).
It’s ideal for individuals with credit scores starting around 580, offering a chance to access funds without perfect credit.
Avant’s loans are unsecured, meaning you don’t need to risk your assets (like a car or house) to borrow money.
Once your loan is active, you can manage your account online—adjust payment dates, view balances, and track your repayment progress.
Acquiring an Avant Loan
To get started, visit www.avant.com and check your loan options today.
Step 1: Prequalify by Checking Your Loan Options
Before you can formally apply for a loan through Avant, you must first check your loan options.
This prequalification process allows you to see potential offers without impacting your credit score.
Here is the essential information you must provide:
- First Name and Last Name
- Address Line 1
- Address Line 2 (optional)
- City, State, and ZIP Code
- Do you Rent or Own your home? Select either "Rent" or "Own"
- Monthly Housing Payment
Input only the portion of the housing cost you pay each month. - Date of Birth (MM/DD/YYYY)
- Phone Number and Email Address
- Social Security Number
Avant uses 128-bit SSL encryption and high-security standards to protect all sensitive information.
At this stage, no hard credit inquiry is performed. You can explore your eligibility risk-free.
Step 2: Provide Your Income and Loan Details
Once you submit your identity and housing information, Avant will ask you for financial details. This helps tailor your loan offer to your ability to repay.
Information required includes:
Income Type
This could include employment, self-employment, retirement benefits, or other regular income.
Individual Annual Income Before Taxes
You may optionally include alimony, child support, or maintenance income.
Purpose of the Loan
Choose from debt consolidation, major purchase, home improvement, emergency expense, or other categories.
Requested Loan Amount
Enter the amount you need, typically between $2,000 and $35,000, depending on your residence.
Step 3: Review Interest Rates and Loan Terms
Avant offers competitive interest rates, which vary depending on creditworthiness, income, and the loan amount. The terms are presented before you commit.
Key Figures to Know:
- Loan Amounts: $2,000 to $35,000 (availability varies by state)
- APR: 9.95% to 35.99%
- Loan Term: 12 to 60 months
- Administrative Fee: Up to 4.75% (deducted from your loan proceeds)
- Late Payment Fee: $25 (charged if payment is 10 or more days late)
Avant’s loans are unsecured, meaning you don’t need to provide any collateral.
Funds are usually disbursed as soon as the next business day following approval and contract signing.
Step 4: Complete the Full Application
You'll complete a full application if you choose to proceed with a loan offer.
This involves uploading documents, confirming your income, and verifying your identity.
Documents You May Need to Upload:
- Government-issued ID (such as a driver’s license or passport)
- Recent pay stubs or proof of income
- Utility bill or lease agreement for address verification
- Bank statements
Once your documents are submitted, Avant will perform a hard credit inquiry, which may slightly impact your credit score.
After verification, you will be prompted to review and electronically sign the final loan agreement.
What Happens After You Apply?
After your loan is approved and your documents verified, loan proceeds are usually deposited the next business day.
Monthly payments are automatically deducted from your linked bank account. You can pay off the loan early without any extra fees.
Track your payments through your Avant dashboard, where you can also adjust payment dates or set up additional payments.
Customer Support and Contact Information
If you have questions or need assistance during the application or repayment process, Avant’s support team is available:
- Avant, LLC 222 N. LaSalle Street, Suite 1700 Chicago, IL 60601
- Phone: 1-800-712-5407
- Email: support@avant.com
- Website: https://www.avant.com
- Customer Service Hours:
Monday to Friday: 7:00 AM to 10:00 PM (CST)
Saturday and Sunday: 8:00 AM to 8:00 PM (CST)
Frequently Asked Questions
1. Can I apply if I have bad credit?
Yes. Avant is known for approving borrowers with fair credit (typically scores of 580+). However, interest rates may be higher.
2. Will applying hurt my credit score?
The initial prequalification uses a soft inquiry, which does not impact your credit. A hard inquiry is only performed if you accept a loan offer.
3. Can I change my payment due date?
Yes, Avant allows changes to your payment schedule through your account settings or customer support.
4. Is Avant a direct lender?
Yes, Avant is a direct lender for most loans. Sometimes, loans may originate from WebBank, a Utah-chartered industrial bank.
Conclusion
Avant offers a practical and reliable way to access personal loans with flexible terms and quick turnaround.
The online application is straightforward, and the prequalification step lets you view your options without impacting your credit.
With transparent rates, next-day funding, and no prepayment penalties, Avant is a wise choice for many borrowers.
Disclaimer: Loan approval, rates, and terms are subject to eligibility, state regulations, and Avant’s underwriting criteria. All loan agreements are legally binding and should be reviewed in full. This content is for informational purposes only and does not constitute financial advice. Contact Avant directly for up-to-date terms and conditions.
