Avant AI
Avant
Personal loans designed for everyday borrowers
Quick Answer
Avant AI serves fair to good credit borrowers with personal loans from $2,000 to $35,000 using machine learning for nuanced credit decisions. Fast decisions with next-day funding available. APR from 9.95% to 35.99%. US only.
What It Does
Avant AI provides instant personal loan decisions using machine learning credit assessment beyond traditional credit scores, offers personal loan amounts from $2,000 to $35,000, provides the Avant credit card for ongoing credit building, processes applications quickly with funding as fast as the next business day, manages loans through the Avant mobile app, allows loan management including payment scheduling and payoff options, and provides credit education resources for borrowers.
What It Cannot Do
Avant serves fair to good credit borrowers — rates are higher than lenders serving excellent credit. Origination fees apply. Maximum loan amounts are lower than some competitors. Available in most but not all US states. Not suitable for borrowers with very poor credit or those seeking large loan amounts.
Who Is It For
US borrowers with fair to good credit scores typically 580-700 who need personal loans and may not qualify for the best rates at traditional banks. Particularly suitable for borrowers who have been declined by mainstream lenders but do not want subprime terms.
About Avant AI
Avant is a personal loan platform that uses AI and machine learning to serve the middle market of borrowers — those with fair to good credit who are underserved by traditional banks offering only the best rates and overlooked by subprime lenders. Avant's AI considers hundreds of data points beyond traditional credit scores to make more nuanced lending decisions, allowing it to approve borrowers that bank algorithms might decline. The platform has originated billions in loans and uses its AI models to continuously improve underwriting accuracy and pricing. Avant also offers a credit card product targeted at the same credit tier.
Pricing and Access
Administration fee up to 9.99% of loan amount. Loan amounts $2,000 to $35,000. Terms 24 to 60 months. Rates higher than prime lenders reflecting fair credit market. US only.
Platforms
How AI Works
LLM PoweredFounded
2012
Headquarters
Chicago, USA