Avant Personal Loans 2021 Review

Top perks

Soft credit inquiry: There’s no need to commit to Avant to find out your options. Avant will conduct a soft credit inquiry and let you know what your interest rate will be. Unlike a hard credit inquiry, a soft credit inquiry won’t negatively impact your credit score.

Available loan amounts: Many lenders have higher lending limits, which makes Avant’s $2,000-$35,000 especially attractive. If you only need enough money to make a small home or auto repair, there’s no reason to borrow more.

No prepayment penalty: Let’s say you earn a bonus at work or otherwise come into extra cash. Avant doesn’t charge a prepayment penalty, which makes it easier for you to pay your loan off early.

Easy to qualify: Borrowers with credit scores as low as 580 can get approved for a personal loan, provided they meet the income requirements.

Funding time: Most loans are funded by the next day. That means you won’t have to wait long if you have an emergency situation that requires cash.

Loan terms: Loans terms are available from 24 to 60 months. That gives you flexibility. If you choose a longer repayment term, you’ll have a lower monthly payment but you’ll pay more in interest over the life of the loan. If you’re looking for the best loans to consolidate credit card debt, being able to extend payments out for as long as 60 months may be an attractive feature. Still, try to weigh how much interest you will pay by the time your loan is paid in full.

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View more information: https://www.fool.com/the-ascent/personal-loans/avant-personal-loan-review/

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