NorthWestern Financial Review


Avant Overall rating: ★★★☆☆ 2.5 based on 13 reviews.
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Online Payday Personal Consumer Loans up to $5,000

Easy Application, Fast Processing, Quick Approval, Any Credit Score

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Avant is a online lender providing access to personal loans ranging from $2000-$35000 with APR ranging from 9.95% to 35.99% . The lender works with less-than-perfect credit scores.

Company name Avant, LLC
Founded 2012
Address 222 N. LaSalle St., Suite 1700 Chicago, Illinois 60601
Phone number 800-712-5407



  • No prepayment penalties
  • Initial soft credit inquiry to receive a rate quote
  • Flexibility to use funds
  • Long repayment periods
  • Fast funding
  • Range of loan amounts
  • Low minimum credit score
  • Refinancing option
  • Mobile app
  • Good customer service
  • Easy to apply
  • Flexibility in your payments
  • Ability to receive cash quickly


  • Only offers personal loans
  • Numerous fees, including an administrative fee
  • Can’t directly pay creditors
  • Low maximum borrowing amount in some states
  • No co-borrowers
  • High APR not advantageous to those with good credit

Bottom line

If your credit history is far from perfect, then Avant can be a good choice, as it offers more competitive interest rates than other lenders who work with borrowers in the fair credit category. Using their service and repaying the loan on time will help you improve your credit score. However, if you have with better credit scores, you may find lower rates elsewhere.

Types of loans

The lender currently provides access to standard unsecured and secured personal installment loans. The most common reasons for choosing Avant personal loans are debt consolidation and business start-ups, but users also use these loans for everyday reasons, like unexpected expenses, life event, car repair, moving/relocation, home improvement, vacation.

Avant loan requirements

To be approved for a personal loan with Avant, a borrower must:

  1. be a U.S. resident with a valid Social Security number;
  2. be over 18 years of age or the age of majority in their state;
  3. have valid identification;
  4. have an active phone number;
  5. have access to a bank account that accepts ACH (or electronic) transfers.

Category: Online Loans

Tags: Alabama, Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming

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Avant Reviews

I don't understand all of the bad reviews I’ve read. I had a good experience with this lender, no issues. Yes, the interest rate is high but is about the same as most of these personal loan companies. The website is easy to use, customer service is friendly. I would highly recommend Avant for a personal loan. Always read carefully the loan contract with any lender before accepting. I would use their service again.
- Theron Joseph

Do not use this company for a loan, you will never pay it off!!! I took a $3000 in 2016, made timely payments each time. Payments were $220 a month! This week I decided to check my remaining balance, it was $2100! I’m not good at math but something is really wrong here! What happened to my 3 year loan? Please DO NOT apply for a loan with these scammers! Btw, I sent them a $2100 payment to be done with them for EVER!
- Pricilla Martin

This lender is a scam!!! I would not recommend Avant to anyone! I paid my loan off 5 days before the due date and for some reason they charged me twice. Now they do not answer my emails and phone calls…I will be reporting this lender to the Better Business Bureau. Please never use their service.
- Tyler Ramirez

This company will do anything possible to take your money. I wanted to get a personal loan but was smart to read their Terms and Agreement Policy in advance. The policy was a joke!!! It states that Avant has the right to charge you higher interest whenever they want! Refused their service right away! They are scammers!
- Chad Smith

Be warned!!! Never sign up for their promotions! Signed up because of $50 Amazon gift card offer advertised on the web. Never received it! I even called and emailed them before signing up to confirm the promo and they told it was valid!!! Liars!
- Lauren Woods

I was approved for a personal loan paid in time every month. I repaid the loan early thinking this was a good idea. Tried to get a new loan 6 months later and was denied.. Why? I was a responsible borrower and paid in time then repaid the loan early so why wouldn't you give me a new loan after 6 months?? I guess because they didn't make extra cash it would have if I would have made monthly payments. So disappointed…
- Brad Deluca

I could not believe how quick and easy it was to apply and get the cash! All my loan info and payment dates can be seen on the website! Auto payment option is great and I can change it anytime! 3 months in now and all is well, very transparent, I am very happy!!
- Gary Sherman

This company is so bad! They are not transparent at all with the borrower about how much you actually owe them. They take advantage of consumers going through a difficult time. I just made my final loan payment and I am so glad to be done with this company. I am just praying they stop calling me 10 times a day!
- Dana Hoge

I had a quick and easy loan process with no problems. Yes, their interest rate is high but that is how we get personal loans… Their website is easy to use, their customer service is friendly and helpful. I would highly recommend Avant for a personal loan. I have not had any issues with this lender and would use them again if I need financial diffuculties.
- Caroline Smith

This was my worst lending experience. Every time you call them you get the same exact useless conversations. I paid off my loan but they continue to charge me a $500 administration fee!!! It’s been a week and my problem is still haven’t resolved!!!
- Bobbie Greene

Easy and quick process. They asked for some documents and I sent it. No hassle. Easy peasy!
- Elda Hollowell

I was approved for a loan to pay off debt. Application process was easy and fast. Got the funds in my account the next day. The automatic payment is a great option. I have read some of the negative reviews about Avant and I can say I am so happy those issues have not happened to me.
- Mildred Rodriguez

BEWARE. I applied for a personal loan with this lender. When I wanted to pay the loan off early, they told me that my APR would not be lowered in this case. To me this is illegal. Do not get a loan with this lender. Search for someone else. Avoid the headache.
- Jami Mudd:

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