Introduction to Avant Personal Loans
A trustworthy online lender, Avant focuses on providing personal loans to clients with fair to good credit.Known for its streamlined application process and quick funding, Avant offers competitive loan options tailored to individuals seeking financial flexibility. Whether borrowers need funds for debt consolidation, home improvements, or unexpected expenses, Avant provides accessible solutions with transparent terms.
This guide walks through the Avant loan application process, eligibility criteria, required documents, and expert tips to improve approval odds. By following these steps, prospective borrowers can confidently navigate the application and secure the funds they need.
Types of Loans Available Through Avant
While Avant primarily focuses on personal loans, it’s important to understand the key features before applying:
1. Personal Loans
- Loan Amounts: $2,000 to $35,000
- APR Range: 9.95% to 35.99%
- Repayment Terms: 12 to 60 months
- Best For: Debt consolidation, emergency expenses, home repairs
2. Auto Refinance Loans (Previously Offered)
Note: Avant discontinued auto refinance loans in 2023, but borrowers can explore alternatives like LightStream or Capital One.
3. Business Loans (Via Avant’s Partnership with Funding Circle)
- Loan Amounts: $25,000 to $500,000
- APR Range: Varies by creditworthiness
- Terms: 1 to 5 years
- Best For: Small business expansion, equipment financing
Since Avant’s core offering is personal loans, this guide focuses on that application process.
Eligibility Requirements for an Avant Loan
Before applying, borrowers should ensure they meet Avant’s basic criteria:
Credit Score & Financial History
- Minimum Credit Score: 580 (fair credit)
- Ideal Score for Better Rates: 600+
- Credit History: No recent bankruptcies or excessive delinquencies
Income & Employment
- Minimum Annual Income: $20,000 (may vary by state)
- Employment Status: Consistent earnings (self-employed, employed, or receiving regular benefits)
Debt-to-Income (DTI) Ratio
- Preferred DTI: Below 50% (lower improves approval odds)
Required Documents
- Proof of Identity: Government-issued ID (driver’s license, passport)
- Pay stubs, tax returns, or bank statements can be used to verify income.
- Residence Proof: Utility bill or lease agreement
- Bank Account Details: For direct deposit of funds
Step-by-Step Guide to the Avant Loan Application
Step 1: Prequalify Online (Soft Credit Check)
- Visit Avant’s official website.
- Click “Check Your Rate” and enter:
- Loan purpose
- Desired amount
- Personal details (name, address, income)
- Credit scores are unaffected by the modest credit draw that Avant does.
- Review loan offers (amount, APR, and term options).
Suggestion: Insert screenshot of the prequalification form here.
Step 2: Submit a Formal Application
If satisfied with the offer:
- Complete the full application with:
- Social Security Number (for hard credit check)
- Employment details
- Bank account information
- Upload required documents (pay stubs, ID).
Step 3: Await Approval Decision
- Approval Time: As fast as same-day.
- Verification: Avant may contact borrowers for additional details.
Step 4: Accept Loan Terms & Receive Funds
- Review Loan Agreement: Check APR, fees, and repayment schedule.
- E-Sign Documents: Accept terms electronically.
- Funding Timeline: Money deposited within 1-2 business days.
Suggestion: Insert a table summarizing the steps.
| Step | Action | Timeframe |
| Prequalification | Soft credit check | Instant |
| Full Application | Submit documents | 10-15 mins |
| Approval | Lender review | Same day |
| Funding | Money deposited | 1-2 days |
Tips to Improve Approval Odds
- Boost Credit Score: Pay down debts and correct credit report errors.
- Lower DTI: Reduce existing debt before applying.
- Apply for a Reasonable Amount: Approval rates are greater for smaller loans.
- Double-Check Application: Ensure all information is accurate.
Frequently Asked Questions (FAQ)
1. What credit score is needed for an Avant loan?
Avant accepts borrowers with scores as low as 580, but rates improve for those above 600.
2. How fast does Avant disburse funds?
After being approved, the majority of borrowers receive their money in 1-2 business days.
3. Does Avant charge origination fees?
Yes, Avant may charge an administration fee up to 4.75%.
4. Can I apply with a co-signer?
No, Avant does not permit co-signers.
5. What if I’m denied?
Avant provides denial reasons. Borrowers can:
- Reapply after improving credit.
- Explore alternatives like Upstart or OneMain Financial.
Alternative Lenders if Denied by Avant
| Lender | Credit Score | APR Range | Loan Amounts |
| Upstart | 580+ | 6.40%-35.99% | $1,000-$50,000 |
| OneMain Financial | None (secured loans) | 18.00%-35.99% | $1,500-$20,000 |
| LendingClub | 600+ | 8.98%-35.99% | $1,000-$40,000 |
Final Thoughts & Call-to-Action
Avant simplifies personal loans for borrowers with fair credit, offering competitive rates and a seamless online process. By following this guide, applicants can confidently navigate the Avant loan application and secure funds quickly.
Ready to apply? Check your eligibility today at Avant’s website and take the first step toward financial flexibility!
Note: Rates and terms are subject to change. Always review Avant’s latest guidelines before applying.
