Loans

How to apply for the Avant personal loan?

The Avant loan is made for those who do not have very high credit scores. So, if you need a personal loan, keep reading to know how to apply!

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by Victória Lourenço

10/07/2021 | Updated on 10/25/2021

Applying for Avant personal loan

See how to apply for the Avant loan! Source: Avant Facebook
See how to apply for the Avant loan! Source: Avant Facebook

The Avant loan can help those who need personal loans but do not have a very high credit score. This lender offers great loan options that have amounts ranging from $2,000 to $35,000. And you can get paid within the next business day. So, if you want to know how to apply for a loan with this lender, keep reading our post!

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Apply online

Find out how to apply online for a loan with this lender. Source: Gettyimages
Find out how to apply online for a loan with this lender. Source: Gettyimages

You can make an online application to get a loan with this lender. And the application process can be easy to make. But, before applying for a loan, make sure that you can pay the fees and check your rate online.

So, you can easily check your rate on the lender’s website. And all you have to do is provide the personal information required. Also, there is no credit inquiry in this part of the process. After checking your rate, you can make the official application also on their website. However, a hard credit inquiry will be made at this part.

Apply using the app

See if you can make your loan application using the app. Source: Gettyimages
See if you can make your loan application using the app. Source: Gettyimages

If you already made a loan with this lender, you can use their mobile app to manage your loan and loan payments. However, to apply for a loan, you have to do it online through the lender’s website. So, you cannot apply for a loan using the mobile app.

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Avant vs. LendingClub personal loan

If you still don’t know if you want to make a personal loan application with this lender, we can give you information about another lender. The LendingClub is also a great lender, but you will need a higher credit score to get a chance of approval. So, here is our comparison between Avant and LendingClub.

AvantLendingClub
APRThis personal loan charges an APR that ranges from 9.95% to 35.99%.The APR charged varies from 7.04% to 35.89%.
LOAN PURPOSEYou can get a loan with this lender to consolidate debt, pay for emergencies, make home improvements, and other expenses.This personal loan can be used to consolidate debt or for any other unexpected expenses.
LOAN AMOUNTSThe personal loans offered by this lender range from $2,000 to $35,000.Loans from $1,000 to $4,000 are available from this lender.
CREDIT NEEDEDTo get a loan with this lender, your credit score can be poor or fair.It is recommended that you have a credit score of at least 600 points.
TERMSDepending on the circumstances of your loan application, this lender’s terms range from 24 to 60 months.The terms range from three to five years.
ORIGINATION FEEYou might have to pay an origination fee of up to 4.75% of the loan amount.The origination fee ranges from 1% to 6% of the total loan amount.
LATE FEEIf you make a late payment, the late fee can go up to $25 per payment (after a grace period of 10 days.)Late payment fees can be as much as $15 or 5% of the unpaid balance, whichever is greater.
EARLY PAYOFF PENALTYThere are no early payment penalty fee charges by this lender.There are no penalties for paying off your loan early with this lender.

How to apply for LendingClub personal loan?

Do you need a loan to help you pay down debt and pay for other emergencies? Then, read more to know how to apply for the LendingClub loan!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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