What credit score is needed for Avant?
What is the minimum credit score for Avant
580
Credit Score Requirements
Most Avant borrowers have a credit score between 600 and 700. However, the lender has a minimum score requirement of just 580, and the platform aims to provide tailored credit products to a range of customers.
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Is it easy to get approved for Avant
It is not difficult to get a personal loan from Avant because they offer personal loans for people with credit scores as low as 580+. Other Avant personal loan requirements include being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.
Who is eligible for Avant
Avant is an online lending platform that offers personal loans to borrowers with fair and bad credit (689 or lower score); the company says most of its customers have a credit score from 600 to 700. It charges origination and late fees, but its loans have annual percentage rates consistent with other bad-credit loans.
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Does Avant give instant approval
Avant doesn't give instant approval, but they may approve you the same day you apply. If they need to verify any of your information, the approval process may take a little longer, but you can expect to get the funds within 1 business day after you're approved and you accept the offer.
How hard is it to get an Avant loan
Avant loans are best for people with low credit scores as they require a minimum credit score of 580 to qualify for a loan.
Does Avant verify income
If you are employed by traditional means or receiving benefits, the fastest and easiest way for us to verify your income and employment is through our online verification tool (OVT).
What is the maximum loan amount for Avant
$2,000 to $35,000
ANSWERS TO YOUR LOAN QUESTIONS
Avant branded credit products are issued by WebBank. Loan amounts range from $2,000 to $35,000.
Does Avant require proof of income
Avant might call your place of employment to verify that you work there. The approval process includes providing documents such as bank statements and check stubs. Avant reviews your credit history and debt-to-income ratio to determine if you are a good risk and will pay back the loan.
How long does it take to get approved through Avant
Feature Breakdown
| Approval Speed | 0 hours |
|---|---|
| Credit Bureau Reporting | Experian Equifax TransUnion |
| Funding Time Range | 1 – 3 days |
| Payment Options | Automatic Payments Check by mail Credit/Debit Card |
| Pre-Qualified Soft Credit Inquiry |
Does Avant call your employer
Yes, Avant may call your employer to verify your employment after you give them permission to do so during the application process. Avant will not disclose any information about the purpose of the call to your employer, except that it's to verify your employment status.
Why would Avant deny a loan
Borrowers with very good or very poor credit
If your credit score is below 580, on the other hand, you might not qualify for an Avant loan (or if you do, you'll be charged unusually high-interest rates). Therefore best to do a lot of research to be sure you are considering all your options in this type of instance.