Jan 6, 2026

Avant Personal Loans Review: Flexible Terms and Transparent Pricing

Avant is a Chicago-based lending platform that offers access to personal loans with flexible terms and transparent pricing. With over 600,000 customers served, this online lending platform has a loan portfolio of $4 billion.

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.

An Avant personal loan can be used to address many different financial needs, including:

Debt consolidation: Consolidate two or more unsecured debts into a single monthly payment for convenience.
Home improvement: Upgrade your home however you want without refinancing or using the equity in your home.
Emergencies: Handle unexpected costs, such as car repairs or medical bills, through a loan that will deposit funds directly into your bank account.

All Avant personal loans come with consistent monthly payments and a fixed APR ranging from 9.95% to 35.99%. Terms range from 24 to 60 months and you can borrow between $2,000 and $35,000.

How to Apply for Avant Loans

The Avant loan application process is quick to complete online, but keep in mind that you'll need to provide certain information to view your Avant loan options:

Full name
Social Security number
Address
Income information

Avant will perform a soft credit inquiry, which doesn't affect your credit score, when you check your loan options through its website. After reviewing your rates and selecting the loan options that you want, you'll finish the application process by e-signing a contract with Avant. Funds could arrive in your bank account as soon as the following business day.

Advantages of Avant Personal Loans

Avant personal loans offer several perks:

Easy five-minute application process
Flexible terms and amounts
Customer service available seven days a week

Avant's customer support can be reached via email or phone between 7 a.m. and 10 p.m. CDT Monday through Friday, and between 7 a.m. and 8 p.m. CDT on the weekend. The application process is quick and simple, and you can borrow up to $35,000 with loan lengths up to five years.

Disadvantages of Avant Personal Loans

Here are a few disadvantages that come with Avant personal loans:

Significant fees
High APR depending on creditworthiness

Avant personal loan interest rates are quite steep, with APRs as high as 35.99% for applicants with low credit. The fees are noteworthy as well: up to 9.99% in administration fees, $25 for late payments and $15 for returned payments. However, there's no prepayment penalty.

Avant Offers an Accessible Personal Loan Option

Avant personal loans are best for people with high credit scores because they have a better change of getting a manageable interest rate.

But watch out for the platform's hefty fees administration fees.

Written by

Grace Lin

Grace has an editorial background in print journalism and magazines. She has pitched books and movies from Renaissance Literary & Talent, a literary agency and management firm representing clients such as the estate of Audrey Hepburn, Kirk Douglas, Goldie Hawn and Heidi Murkoff of the "What to Expect When You're Expecting" series. Grace graduated from UCLA and received a bachelor's degree in psychology and English with a concentration in creative writing.

Edited by

Emily Gadd, CCC™

Emily Gadd is a NACCC Certified Credit Counselor™, editor and personal finance expert responsible for writing about personal finance and credit cards. She got her start writing and editing at Healthline. She is passionate about creating educational content that makes complex topics accessible. Emily holds a credit counselor certification, accredited by the National Association of Certified Credit Counselors (NACCC). She lives in Seattle with her husband and two cats.

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