Avant Bad Credit Loan Review

Avant is a lending company that boasts high consumer rankings online, with a 4.5/5 star rating on Trustpilot, based on nearly 12,000 reviews. It offers personal loans, secured loans, and even credit cards to clients who need additional funds for specific purchases or to get through difficult times. But how does it stack up for borrowers with bad credit?

avant bad credit review
Best for
4 /5
$ /mo
Starting Price
Table of Contents

    What we want you to know about Avant:

    • In the industry since 2012
    • Has provided more than $6.5 billion in loans
    • Big-name investors like QED Investors, DFJ, KKR, Tiger Global, and more
    • Offers an Avant phone app for easy access

    Avant Financial Terms In a Glimpse

    Loan Amounts


    Term Length

    24 to 60 months

    Loan Rates

    9.95% to 35.99%

    Min. Credit Score

    Average client score of 600

    Better Business Bureau Rating


    Time to Funding

    1 business day

    Avant Highlights

    When reviewing any lender, we check for the following features. These are items that can significantly improve the experience of people with bad credit.

    Pre-qualify with Soft Credit Pull

    Avant uses a soft credit pull so that you can check your loan options and eligibility online without harming your credit score.

    High Debt to Income Ratio Allowed

    We could not find information on the debt to income ratio you need to qualify for a loan here.

    Line of Credit

    Borrowers can get a credit card that can be used as a line of credit between $300 and $1,000. These can be used to build back your credit if your score is low. 

    Credit Health Tools

    The Avant credit card is a health tool you can use to build your credit. You also have access to a regularly updated blog on credit and financial health.

    Hardship Programs

    Borrowers struggling to make repayment plans have the option of restructuring their loan terms. Specifics will be determined based on each borrower’s details.

    No Prepayment Penalty

    This lender is explicitly against prepayment penalties and will not penalize early repayment.

    Unsecured Loans

    Both unsecured personal loans and loans secured by collateral are offered. Generally, unsecured loans require higher credit scores, so people with bad credit may need assets to secure their loans.

    Avant Fees

    Avant is transparent about its fees, does not have hidden fees or charges, and tacks on an administration fee of up to 4.75% to its loan terms. Additional fees charged include a late fee of $25 and a Dishonored Payment fee of $15 for payments that are returned.

    How to Qualify

    Getting a loan from Avant requires you to meet its credit score and income criteria. These are not entirely explicit on the company’s website, but checking eligibility is risk-free, as it does not affect your credit score.

    The Bottom Line

    We think Avant is a good choice for borrowers, especially those who have poor credit. However, the average borrower with Avant has between a 600 and 700 credit score. If you are denied a loan here or just want to check out alternative options, we suggest similarly trustworthy lenders like Upstart or Upgrade, or even NetCredit.