Whether you are looking for a simple way to consolidate your debt, planning a home improvement project or dealing with an unexpected life event. Avant Credit offer unsecured loans to a range of customers and will consider moderate and impaired credit ratings.
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About Avant Credit
Avant personal loans are geared towards customers who have low credit score and want to consolidate their debt or meet their urgent short-term expenses. The focus of Avant Credit is middle-class, fixed salaried individuals looking for fast and flexible personal loans. A personal loan through Avant Credit can be used for almost any situation. Whether you are looking for a simple way to consolidate your debt, planning a home improvement project or dealing with an unexpected life event. Avant Credit may be able to help, right when you need it the most.
The personal loans offered by Avant range from £1000 to £25,000. With an APR (representative) ranging from 11.8% to 49.8%, on average, and the choice of repayment tenure as 12 to 72 month, Avant Credit serves as a great option for the borrowers with bad credit who want a debt consolidation loan. According to the company, about 50 percent of the Avant’s borrowers take loans for debt consolidation purpose.
Who Should Take Avant Loans?
Ideally, anyone can consider Avant personal loans if he or she wants to:
- Fund a big purchase
- Pay off sudden or unexpected expenses
- Consolidate a debt
- Improve credit score
- Borrow funds but application refused by the banks and other lenders
The Core Features of Avant Personal Loans
- APR ranging from 11.8% to 49.8%, on average
- Borrowing from £1000 to £25,000
- Acceptance of poor credit, CCJ’s & Defaults
- Fast application processing
- Flexible loans repayment terms, from 12 months to 72 months
- Prompt customer service
How does it work?
Customers can apply on Avant’s website by providing their name, address, Social Security number and other details. Usually, the company approves the loan application within an hour, on average, while it takes 3 business days, on average, to fund the loan.
Avant customizes its rates and terms for the customer on a case-by-case basis. When they apply for a loan, Avant won’t automatically reject their application even if they have a lower-than-average credit score. Instead, Avant will look at their complete financial history when considering their application.
Avant ‘s loan origination fee is 4.75% of the loan amount, which is bit higher than other lenders. Avant takes the fee directly from your loan amount prior to the deposit, so make sure you are well aware of this fee when deciding the amount to borrow. In addition, the late payment fee is up to 25%, which is charged if a borrower is 10 days late. The company does not charge prepayment fees, which implies that the borrower doesn’t have to pay additional fees if he or she decides to pay the loan off early. You can use Live chat option, phone call and email to talk with the representatives. Avant’s user-friendly website makes it easier for the borrowers to apply and get funds within a day.
The Final advice
Avant Credit is one of the best places for getting unsecured, personal loans for bad debt consolidation. No collateral needed for an unsecured loan, which is great even if you have to pay relatively higher rates at Avant, than other lenders. The online application process is simple and quick, while the mobile app allows more accessibility to the customer service and prompt application tracking.
I have some adverse credit, can avant help me?
Yes. Avant Credit specialise in loans for those with adverse credit.
Can I get a loan with Advant Credit without a credit check?
No. Avant Credit will require a credit check to ensure your creditworthiness.
Will I need to show Avant Credit proof of income?
Yes. They will require evidence of your income. This may be in the form of payslips if you are employed, or business accounts / SA 302 forms is self employed or a company director.