Avant Personal Loans Review 2026

Who are Avant personal loans best for?

Avant personal loans might work for borrowers with bad or fair credit needing fast approval and funding—but those borrowers might pay a lot in fees and interest. Loans can be approved in minutes and funds will be deposited the next business day. Approvals can take longer if additional documentation is needed. Next-day funding requires approval by 4:30 p.m. Central time Monday through Friday.

Loans start at $2,000, making it an attractive option for a smaller loan, but the maximum of $35,000 is less than some competitors offer. Avant personal loans can be used for emergencies, home improvement, debt consolidation or any financial gap. Loan terms are typically 24 to 60 months.

Who might Avant personal loans not be best for?

Avant might not be the cheapest option if you have strong credit. It charges an administration fee of up to 9.99%, which is an upfront cost deducted from the loan balance if your loan is issued. The maximum APR for an Avant personal loan is high, and the maximum loan amount of $35,000 is also lower than some competitors offer. Consider other options if you need a loan for a large project.

For debt consolidation, Avant doesn’t offer direct pay, depositing funds into your account via ACH transfer instead. Some competitors pay existing creditors directly.

What are the requirements for an Avant loan?

Avant requires its borrowers to prove a minimum income is $1,200 per month, making it an option for low-income borrowers. The minimum credit score is 550, although Avant says most customers have scores between 600 and 700.

Avant offers prequalification, letting you see your loan options—such as loan amounts, interest rates and repayment terms—without affecting your credit score. The prequalification form requires extensive personal information, such as your name, address, housing payment, Social Security number, loan purpose and desired loan amount.