Avant is one of the leading personal loan lenders for borrowers with fair or poor credit. Unlike many lenders who only serve prime borrowers, Avant specializes in serving the "middle" credit market — people with FICO scores from 550 to 700. Here is our complete 2026 review.
Pros & Cons
✅ Pros
- Accessible to borrowers with 550+ FICO score
- Fast funding — as early as the next business day
- No prepayment penalty
- Soft pull for rate check — no credit score impact
- Loan modification support if you face financial hardship
- Avant mobile app for account management
❌ Cons
- Origination fee up to 4.75% — not the lowest
- APR can be very high: up to 35.99%
- Smaller loan amounts: $2,000–$35,000
- No co-signer or joint loan options
- Not available in Colorado, Iowa, Vermont, West Virginia
- Monthly administration fee applies to some loans
Rates & Fees
| Feature | Details |
|---|---|
| Loan Amount | $2,000 – $35,000 |
| APR Range | 9.95% – 35.99% |
| Loan Terms | 2 to 5 years |
| Origination Fee | Up to 4.75% |
| Prepayment Penalty | None |
| Late Payment Fee | $25 (after 10-day grace period) |
| Minimum Credit Score | ~550 FICO |
| Funding Speed | As soon as next business day |
Who Should Apply
Avant is designed for borrowers in the 550–699 credit score range who need $2,000–$35,000 for debt consolidation, home improvement, or unexpected expenses. If you have been declined by SoFi or LendingClub due to lower credit, Avant may still approve you — though at higher rates. Ideal for people with stable income but a credit history that includes some past difficulties.
How to Apply
- Visit avant.com and click "Check Your Loan Options."
- Enter loan amount, purpose, and basic personal information.
- Receive a soft pull rate check — no score impact.
- Review your offers and select the term that fits your budget.
- Submit a full application with income verification and ID.
- Receive a decision within minutes and funding as soon as the next business day.
Frequently Asked Questions
What credit score does Avant require?
Avant accepts borrowers with credit scores as low as 550, though approvals are more common at 580 and above. Income and debt-to-income ratio also play important roles.
What is Avant's administration fee?
Some Avant loans include a monthly administration fee of up to $25 in addition to the origination fee. Check your loan agreement carefully for this line item.
Does Avant help if I have trouble making payments?
Yes — Avant has a dedicated customer assistance team. You can request a payment deferral or loan modification if you are facing financial hardship. Contact them proactively before missing a payment.