Avant Personal Loan Review (2026)
Avant is a Chicago-based online lender that focuses on the middle segment of the credit spectrum: borrowers with FICO scores between 550 and 700. While many prime lenders cut off at 640 or 660, Avant works with applicants as low as 550 — making it one of the more accessible lenders for fair-credit borrowers. The tradeoff is an administration fee of up to 9.99% and APRs that can reach 35.99%.
Pros and cons
Pros
- Accepts 550+ credit scores (among the lowest minimums)
- Mobile app for easy account management
- Next business day funding available
- No prepayment penalty
Cons
- Administration fee up to 9.99%
- Maximum loan $35,000 (lower than prime lenders)
- Higher APRs for below-average credit
- Not available in all states
Avant — common questions
What is Avant's minimum credit score?+
Avant accepts applicants with FICO scores as low as 550. This makes it one of the most accessible major online lenders for below-average credit borrowers.
Does Avant charge an origination fee?+
Avant charges an administration fee of up to 9.99% of the loan amount. This is deducted from your proceeds at funding, so you receive less than the approved amount.
How fast does Avant fund loans?+
Most Avant applicants who are approved receive funds the next business day. Same-day funding is not available.
Does Avant report to credit bureaus?+
Yes. Avant reports to all three major credit bureaus (Equifax, Experian, TransUnion). On-time payments can help build your credit history over time.
Alternatives to Avant
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Editorial disclosure: This review is prepared by Get Advance Loan’s editorial team and is independent of the reviewed lender. Get Advance Loan is a free loan marketplace and may receive compensation from lender partners when users accept loan offers through our platform. This compensation does not influence our editorial assessments. All rate data is sourced from the lender’s public disclosures and is accurate as of June 2026. Verify current rates directly with Avant before applying.