At a Glance
Rates & Fees
Key Features
Accepts borrowers with below-average credit (580+)
Fast next-business-day funding
Simple online application with soft credit check
Pros & Cons
Pros
- Accessible to fair credit borrowers
- Fast funding turnaround
- Flexible term options starting at 12 months
Tradeoffs
- Higher APRs for lower credit scores
- Smaller max loan ($35k)
- Administrative fee required
How to Apply
Check your rate with Avant — most personal loan lenders let you pre-qualify with a soft credit check that doesn't affect your credit score.
Compare the estimated APR, term, and monthly payment against at least one other lender before committing.
Gather proof of income, identification, and bank account details for the formal application.
Submit the full application directly on Avant's site; approval typically requires a hard credit inquiry.
If approved, review the final loan agreement for the origination fee and funding time (as soon as next business day) before signing.
How It Compares
Current product highlighted| Product | APR Range | Loan Amount | Origination Fee |
|---|---|---|---|
| Avant Personal Loan | 9.95%–35.99% | $2,000–$35,000 | Up to 9.99% |
| LightStream Personal Loan | 7.24%–24.89% | $5,000–$100,000 | None |
| SoFi Personal Loan | 6.99%–35.49% | $5,000–$100,000 | None (optional fee for lower rate) |
| LendingClub Personal Loan | 5.96%–35.96% | $1,000–$75,000 | 0–8% |
Rates and terms shown are illustrative as of 2026 and vary based on creditworthiness, income, and loan amount — always confirm current terms directly with the lender.