Avant Personal Loans Review: Rates, Fees and Terms
Loan terms: Avant personal loans run $2,000 to $35,000 with fixed annual percentage rates (APRs) of 9.95% to 35.99% and terms of 24 to 60 months.
Fees: An administration fee of up to 9.99% is deducted from your proceeds and accrues interest, and late and returned-payment fees may apply.
Application: A soft inquiry shows your offer and a hard inquiry applies when you accept, and approved loans may fund as soon as the next business day.
Avant offers unsecured personal loans from $2,000 to $35,000, with fixed APRs of 9.95% to 35.99% and repayment terms of 24 to 60 months. You can check for an offer with a soft credit inquiry, but accepting an offer requires a hard inquiry. Avant may charge an administration fee of up to 9.99%, which reduces the amount you receive and is included in the loan principal. Avant is best for borrowers who want fixed payments and the option to check an offer before a hard credit pull.
What Is Avant?
Avant is an online lender that offers unsecured installment loans. A personal loan generally provides a lump sum that you repay in fixed installments. Depending on the loan agreement, borrowers may use the funds for expenses such as debt consolidation, home repairs or unexpected bills. Check the agreement for any restrictions before borrowing.
Avant's terms are worth comparing if you want fixed payments and the option to check an offer before a hard credit inquiry. The cost can be high for borrowers offered an APR near the top of the range, and the administration fee means the amount deposited may be lower than the loan amount.
Avant Personal Loan Rates, Amounts and Terms
The following are Avant's published terms as of Nov. 4, 2026. Your offer may differ based on your application, state and other factors.
Feature | Published terms |
|---|---|
Loan amount | $2,000 to $35,000; minimum amounts may vary by state |
APR | 9.95% to 35.99%, fixed |
Repayment term | 24 to 60 months |
Administration fee | Up to 9.99%, deducted from the loan proceeds and included in the principal |
Prepayment penalty | None listed in Avant's disclosures |
An administration fee can materially reduce the cash you receive. For example, a 9.99% fee on a $5,700 loan is $569.43. If deducted from the proceeds, you would receive $5,130.57 before repayment begins. This is an illustration using the maximum published fee, not a personalized quote, and your actual fee and loan terms depend on your offer.
Avant Personal Loan Fees
Avant may charge fees in addition to interest. Review the loan agreement and Truth in Lending disclosure before you accept an offer.
Fee | What to know |
|---|---|
Administration fee | Up to 9.99% of the loan amount. Avant deducts it from the proceeds, and the fee is included in the principal that accrues interest. |
Late fee | Avant lists a $25 fee if a payment is not made in full within 10 days after it is due. Terms may vary by state or loan agreement. |
Returned-payment fee | Avant lists a $15 fee each time a payment is returned unpaid. |
Avant says it doesn't charge a prepayment penalty. |
How Avant's Credit Check and Funding Work
You can first check whether you may qualify without affecting your credit score. Avant uses a soft inquiry for this prequalification step. If you accept an offer and continue with the application, Avant says it will make a hard inquiry, which may affect your credit score.
Avant says an approved application submitted by 4:30 p.m. Central time on a business day may be funded as soon as the next business day. Your bank's processing time can affect when the deposit is available, so next-day funding is not promised.
Before accepting, compare the APR, administration fee, monthly payment and total repayment amount. A lower monthly payment can come from choosing a longer term, but it may also mean paying more interest over time.
What Credit Score Do You Need for an Avant Loan?
Avant doesn't publish a single minimum. Avant says final terms depend on its credit determination, state law and other factors, so review the complete offer rather than assume a particular score will qualify you for a specific rate or amount.
For more on what lenders check, see the common personal loan requirements.
MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms and fees from different lenders and choose the best offer for you.
Pros and Cons of Avant Personal Loans
Pros | Cons |
|---|---|
Soft-pull prequalification: Check for an offer with a soft credit inquiry that doesn’t affect your score. | High maximum APR: APRs can reach 35.99%, which may make the loan expensive for some borrowers. |
Published ranges: Avant posts its APR, loan-amount and term ranges. | Administration fee: A fee of up to 9.99% can reduce the amount deposited and accrues interest. |
Fixed payments: Fixed repayment terms make monthly payments predictable. | Limited range: Loan amounts and terms may be narrower than some alternatives. |
No prepayment penalty: Avant says it doesn’t charge one. | Hard inquiry to proceed: Accepting an offer requires a hard inquiry. |
Potential next-day funding: Some approved applications may be funded the next business day. | — |
Avant vs. Upgrade vs. Upstart
Compare the posted ranges below, but remember that advertised rates aren't promised. Lenders set actual APRs, fees, amounts and terms from each application, and terms can change.
Lender | Published APR range | Loan amounts | Repayment terms | Fee information |
|---|---|---|---|---|
Avant | 9.95% to 35.99% | $2,000 to $35,000 | 24 to 60 months | Administration fee up to 9.99% |
Upgrade | 7.74% to 35.99% | $1,000 to $50,000 | 24 to 84 months | Origination fee of 1.85% to 9.99% |
Upstart | 6.1% to 35.99% | $1,000 to $75,000 | 36 or 60 months | Origination fee may apply, so check your offer |
Upgrade and Upstart advertise lower starting APRs than Avant, while Upstart lists the highest maximum loan amount in this comparison. That doesn't mean every applicant will qualify for those terms. Compare personalized offers using the APR, fee, amount deposited, monthly payment and total repayment, not the starting APR alone.
For more background, read our Upstart personal loans review, or compare personal loan offers from several lenders.
Is Avant Legit?
Avant is an established online lender, but review its terms and history before you apply. In 2019, the Federal Trade Commission (FTC) announced a settlement resolving allegations about Avant's loan-servicing practices. The FTC's complaint alleged, among other things, that Avant mishandled recurring payment withdrawals and gave consumers inaccurate information about loan payments or balances. The settlement included a $3.85 million judgment and restrictions on future conduct. These were historical allegations resolved through a settlement, and they should not be read as findings about Avant's current servicing practices.
The Federal Reserve's 2025 household survey found that 63% of adults said they could cover a $400 emergency expense with cash or its equivalent, while 12% said they would be unable to pay for it by any means. A personal loan may help cover an expense, but compare its total cost with other options before you take on debt.
The Bottom Line
Avant can be a reasonable option if you want fixed monthly payments and the ability to check an offer before a hard credit inquiry. Loans run from $2,000 to $35,000 with fixed APRs of 9.95% to 35.99% and terms of 24 to 60 months, and approved applications may be funded as soon as the next business day.
The tradeoffs are cost and size. An administration fee of up to 9.99% is deducted from your proceeds and accrues interest, so the amount you receive is smaller than the amount you repay, and the top of the APR range is high. Avant also doesn't publish a single minimum credit score, and its loan amounts and terms are narrower than some competitors offer.
Before you accept, weigh the APR, the administration fee, the monthly payment and the total repayment, and compare at least two other lenders like Upgrade and Upstart. The right loan is the one with the lowest total cost you can comfortably repay, not the one with the lowest advertised rate.
Key Terms
Annual percentage rate (APR): The annualized cost of borrowing, including interest and certain fees.
Administration fee: Avant's upfront fee, up to 9.99% of the loan, deducted from your proceeds. Avant says it is included in the loan principal and accrues interest.
Soft credit inquiry: A credit check used for prequalification that doesn't affect your credit score.
Hard credit inquiry: A credit check tied to a full application that may affect your credit score.
Unsecured loan: A loan approved based on creditworthiness and income, with no collateral.
Prepayment penalty: A fee for paying off a loan early. Avant says it doesn't charge one.
Sources
Federal Trade Commission: Online Lending Company Agrees to Settle FTC Charges It Engaged in Deceptive and Unfair Loan Servicing Practices
Federal Reserve: Economic Well-Being of U.S. Households in 2025
Upstart: Personal Loans $1K-$75K | Funds as Fast as 24 Hours
Parts of this article were created with AI assistance. MoneyLion editors reviewed, fact-checked and edited the final version and are responsible for its accuracy.
FAQs
Avant says checking for an offer uses a soft inquiry. If you accept an offer and proceed, Avant makes a hard inquiry that may affect your credit score.
Avant says it may fund an approved application as soon as the next business day if the application is approved by 4:30 p.m. Central time on a business day. Your bank's processing time can affect when the funds become available.
Avant says it does not charge a prepayment penalty. Check your agreement for the exact payoff amount, including any interest accrued through the payoff date.
Avant doesn't publish a single minimum score.
There's no single best lender for every borrower. Compare personalized offers from Avant, Upgrade and Upstart, including APRs, fees, monthly payments, terms and total repayment.
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