Avant works to have your loan amount transferred into your bank account quickly. After loan approval, the funds could be in your account as soon as the next business day. The actual fund time does depend on your bank and your Avant loan.
There are a variety of ways to make your Avant loan payments. You can make payments through ACH transactions. This method will automatically withdraw money from your linked bank account. You can make payments with debit or credit cards, except Visa credit cards. They do accept Visa debit card payments. There are no fees for making extra payments to your loan.
Avant customers must have a personal checking or savings account on file. As part of the application, you may need to submit your bank details. In some cases, the bank account on file with Avant must be the account where you receive most of your income.
Avant loans do not come with the option of joint loans or cosigner loans. If you apply for a loan with Avant, the approval is based entirely on your personal information. You cannot add any one else’s income.
Avant is a Chicago company that began in 2012. The team who started the company wanted to change the way people received online loans. They issued their first loan in February 2013, and by May, they had 28 employees. By October, Avant launched in the United Kingdom. In May of 2015, Avant reached $1 billion in loan originations.
Forbes listed Avant as one of "Americans Most Promising Companies" in 2015. They were number six on the list.
In February of 2017, Pitchbook named Avant the fifth fastest startup to reach a valuation of $2 billion.
Today, Avant has:
They have an operations center in Tennessee. Avant serves customers across the United States through online services. They are an accredited business with the BBB.
Yes. Avant loans are completely online.
Typical Avant customers credit scores are around 600. You may qualify with a lower credit score. It depends on your other qualifications.
The smallest Avant loan amount is $2,000.
The largest loan amount, if you qualify, is $35,000. You must qualify to receive this amount.
Avant term lengths range from 24-60 months.
Avant interest rates are competitive with other online lending options. The rate you receive depends on your qualifications.
Yes. Avant loans offer fixed rates for the life of the loan.
Avant offers personal loans for home improvements or debt consolidation. They offer loans for medical expenses, home or auto repairs, and for trips. You can also use the money for lost valuables like a phone or laptop. Avant offers credit cards as well.
Avant requires your full name, address, income information, and if you rent or own your home. A valid social security number, bank information, and income information is also required. You may need to provide other documentation, including a driver’s license.
Applying for an Avant loan only takes a few minutes. Approval may take longer based on credit, state laws, or if more documents are necessary.
Funds from Avant loans are generally deposited the next business day. This may take longer depending on your loan and your bank.
If your loan application is declined, you must wait at least 30 days before you reapply.
Avant requires loan repayments monthly. You can make payments through automatic withdrawals or sending in a check. You can also make your payment with a debit or credit card. They accept Visa debit cards, but do not accept Visa credit cards.
Yes. There is not a fee if you pay your Avant loan off early.
Avant offers security measures that comply with federal laws. Their computers have safeguards. Their buildings and files are secure. They restrict the personal information employees can see about customers.
Yes. Avant has a mobile app for iOS and Android. With the app, you can make payments, see account history, and receive notifications.
Reach Avant customer service through phone or email. Business hours are Monday through Friday from 7 a.m. to 10 p.m. CT. Saturday and Sunday they are available from 7 a.m. to 8 p.m. CT. You can follow Avant on Facebook and Twitter.