Avant is an online financial services provider tailored specifically to the “middle market” of consumers—primarily targeting borrowers with fair-to-average credit scores (typically in the 600-700 range) who may face hurdles securing loans from traditional banks. Avant offers a straightforward, transparent personal loan product designed to help individuals consolidate debt or cover unexpected expenses.
The platform provides a highly efficient online application process with rapid decisioning and funding that can be completed as soon as the next business day. Loan amounts range from $2,000 to $35,000, with repayment terms from 1 to 5 years. Avant is known for having a very user-friendly mobile app, which makes managing monthly payments, checking balances, and communicating with customer support simple.
Because Avant serves borrowers with average credit, their APRs can be higher, reaching up to 35.99%, and they charge an administration fee up to 4.75%. However, there are no prepayment penalties, giving borrowers the freedom to pay off their loans early and save on interest. For fair-credit borrowers who value speed, reliable customer support, and easy payment management, Avant is a solid, trustworthy lender.