Avant Personal Loan Review
pros and cons
Because it offers a wide range of potential APRs,
requirements
See New Mexico consumer brochure for common terms and definitions and regulations around rates and fees.
How to get a personal loan with
How compares to other personal loan companies
Even if you believe
| Avant | Best Egg | Prosper | |
|---|---|---|---|
| LendingTree’s rating | 3/5 | 3.4/5 | 3.9/5 |
| Minimum credit score | |||
| APRs | |||
| Loan amounts | |||
| Repayment terms | months | months | months |
| Origination fee | |||
| Funding timeline | May receive funds as soon as the next business day | May receive funds as soon as the next business day | May receive funds as soon as the next business day |
| Bottom line | offers quick funding and short-term loans. It has lower credit requirements than Best Egg and Prosper, making it a good choice for borrowers with bad credit. | Best Egg offers more money and a lower starting rate than Avant, making it ideal for larger loans and borrowers with excellent credit who can qualify for low starting rates. | Prosper offers larger loans than Avant, but it has a slightly higher credit requirement. |
How we rated
We evaluate personal loan lenders on more than just interest rates. Our goal is to show how accessible, affordable, transparent and supportive each lender really is.
Our categories
Every lender is scored out of 5 stars, with 5 stars being the highest rating. LendingTree loan experts determine this score using dozens of underlying data points across four weighted categories covering the full borrowing journey.
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
In some cases, our editors may apply a small adjustment (no more than 4% of the overall score) to account for factors not captured by the methodology. This could include J.D. Power customer satisfaction surveys, recent regulatory actions or features that stand out in ways our rubric doesn’t measure directly.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings.
Frequently asked questions
The exact size of your loan depends on your credit score and what you intend to use the loan for, but the most you can borrow from Avant is $35,000.
Avant may require proof of income and employment. Avant may call your employer to verify your employment. If Avant needs additional documents to verify your income, a member of Avant’s team will reach out to you directly.
You can check your rates while only taking a soft credit check, but if you choose to move forward with the loan, Avant will do a hard credit check as part of the approval process.
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