Reviewed by Editorial TeamUpdated October 15, 2026

Avant Personal Loans: Rates, Terms & What to Know

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Key Features

Loan amounts from $2,000 to $35,000 (minimums vary by state)

APR range of 9.95% to 35.99% as of the lender's published disclosures

Repayment terms of 24 to 60 months

Soft-pull rate check that does not affect your credit score

Funds generally deposited the next business day after approval

Loans issued by WebBank, a Utah-chartered industrial bank

At a Glance

APR Range	9.95% – 35.99%
Loan Amounts	$2,000 – $35,000
Repayment Terms	24 – 60 months
Min Credit Score	550
Origination Fee	Administration fee up to 9.99%
Funding Speed	Next business day

Pros and Cons

Pros

Serves borrowers with fair or rebuilding credit; third parties report a 550 minimum
Checking your options uses a soft inquiry
Next-business-day funding for most approved applicants
No prepayment penalty, so paying early saves interest

Cons

−Administration fee of up to 9.99% is deducted from the amount you receive
−Late and returned-payment fees apply, with amounts that vary by state
−No joint applications or co-signers
−Not available in every state (Hawaii, Iowa, Maine, Massachusetts, Washington, and West Virginia are excluded per third-party reporting)

Who Avant Serves

Avant is a Chicago-based financial technology company founded in 2012. It does not lend its own money; loans are issued by WebBank. Avant's underwriting is aimed at borrowers in the fair-credit range who may not qualify with prime-focused lenders, and its published APR range starts higher than lenders that target excellent credit.

The trade-off for broader access is cost. Borrowers with strong credit will usually find lower rates and lower fees elsewhere, so Avant is best compared against other fair-credit lenders such as Upgrade or OneMain rather than against LightStream or SoFi.

Understanding the Administration Fee

Avant calls its origination fee an administration fee. It can be as high as 9.99% of the loan amount and is deducted from the proceeds before they reach your account. On a $10,000 loan with the maximum fee, you would receive about $9,001 while repaying the full $10,000 plus interest. The fee is non-refundable, even if you repay the loan early.

Because the fee is deducted up front, compare lenders on APR rather than interest rate; APR captures the fee's effect on your real cost. If you need a specific amount in hand, request enough to cover the fee.

Payments, Late Fees and Hardship Options

Avant charges a late fee and may charge a dishonored-payment fee, but it does not publish the amounts; both depend on your state. Review the loan agreement before signing to see the exact figures that apply to you. There is no prepayment penalty and no balloon payment.

According to third-party reviews, Avant offers payment-date changes, deferments, and loan modifications to borrowers who run into trouble. If you anticipate a missed payment, contacting the servicer before the due date is generally the best way to access those options.

Frequently Asked Questions

What is the minimum credit score for an Avant personal loan?

Avant does not publish a minimum. NerdWallet reports that borrowers with scores as low as 550 may be considered. Approval depends on income, existing debt, and credit history as well.

Does Avant charge an origination fee?

Yes. Avant charges an administration fee of up to 9.99% of the loan amount, deducted from the proceeds. The exact fee depends on your offer.

How fast does Avant fund a loan?

Avant states that funds are generally deposited by ACH the next business day if your loan is approved by its afternoon cutoff on a weekday.

Eligibility Requirements

1Fair credit or better; Avant does not publish a minimum score (550 reported by NerdWallet)
2Must be at least 18 years old with a valid Social Security number
3Verifiable income and an active bank account
4Must live in a state where Avant offers loans
5Debt-to-income ratio and credit history are considered during review

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