Avant

Founded in 2012, Avant has established itself as a leading digital lending platform focused on providing access to credit products for middle-credit consumers—those who may not qualify for the most favorable rates from traditional banks but deserve better options than high-cost alternatives. The company has leveraged technology and data analytics to build a streamlined loan application and servicing experience that has helped hundreds of thousands of borrowers across the United States. Unlike many traditional lenders who primarily serve those with excellent credit, Avant's mission has been to expand access to affordable credit by developing sophisticated underwriting models that more accurately assess risk for consumers with credit scores in the 580-700 range, providing opportunities for those who might be overlooked by conventional financial institutions.

What sets Avant apart in the personal loan space is their technology-driven approach to underwriting and customer experience. Their online platform enables borrowers to check rates without affecting their credit score, complete applications in minutes, and potentially receive funding as soon as the next business day. For many borrowers with less-than-perfect credit histories, Avant provides an accessible alternative to high-interest credit cards or payday loans, with fixed-rate installment loans that offer predictable payments and clear payoff dates. Additionally, their mobile app allows borrowers to manage their accounts, make payments, and track their progress toward debt-free status conveniently from their smartphones—a feature that enhances the overall user experience and encourages responsible repayment practices.

Avant offers personal loans ranging from $2,000 to $35,000 with terms typically between 24 and 60 months, providing flexibility to match different financial needs and repayment capabilities. Their rates are competitive for the middle-credit segment, though as expected, they're higher than what prime borrowers might obtain elsewhere. For individuals looking to consolidate debt, finance home improvements, cover unexpected expenses, or fund major purchases, Avant offers a balance of accessibility, convenience, and transparency. Their commitment to building long-term relationships with their customers is evidenced by features like late fee forgiveness for on-time repayment history and the ability to adjust payment due dates to align with individual cash flow patterns. This customer-centric approach, combined with their focus on an underserved segment of borrowers, has helped Avant carve out a distinct niche in the crowded personal lending marketplace.