Avant Review
A bruised-credit lender whose administration fee is added to principal and then charged interest, and which settled with the FTC over its servicing.
By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 11, 2026.
Our verdict
Up to 9.99% comes off an Avant loan as an administration fee that still accrues interest, a cost worth weighing only if you're below prime and have been declined elsewhere. On $10,000 you'd receive about $9,001 and pay interest on $10,000. A $3.85 million FTC settlement in April 2019 over its servicing keeps the grade low.
Skip it if a prime lender will approve you, or you live in New York, Massachusetts or another state it doesn't serve.
About Avant
A bruised-credit lender whose administration fee is added to principal and then charged interest, and which settled with the FTC over its servicing. Avant is offered by Avant, LLC (NMLS #1246731). Credit products issued by WebBank. Our editorial rating is 4.2 out of 5.
Best for: Borrowers below prime who have been declined elsewhere and understand the fee.
Editorial grade: C (composite score 53/100).
Highlights
- $2,000 to $35,000 over 24 to 60 months
- APR 9.95% to 35.99%
- Issued by WebBank, a Utah industrial bank
- Available in 43 states
What we like
- Genuinely reaches borrowers that prime lenders decline
- Large review base at 32,178, so the 4.2 score carries weight
- No prepayment penalty, and funding is usually next business day
Where it falls short
- The administration fee of up to 9.99% is deducted from proceeds and treated as principal that accrues interest. On a $10,000 loan you receive about $9,001 and pay interest on $10,000
- Avant settled FTC charges in April 2019 for $3.85 million over deceptive and unfair servicing: unauthorised bank charges, refusing card payments it advertised, and collecting from people who had already paid the quoted payoff
- Of 3,091 CFPB complaints on file, only 13 closed with monetary relief
Fees, minimums, and rates
Monthly fee: Administration fee up to 9.99%, added to principal and interest-bearing. Minimum to open: $2,000 minimum loan. Rates and fees last checked on September 11, 2026.
How we reviewed it
This is a desk review: we have not opened an account with Avant, LLC (NMLS #1246731). Credit products issued by WebBank. It is built from Avant, LLC (NMLS #1246731). Credit products issued by WebBank's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Personal Loans shortlist. The rubric is the same for every brand.
Similar products to compare
Read our full editorial methodology for how we review products.