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Avant Credit Review [Read Our Experts Opinion]

Jane Wardle

Written by Jane Wardle on February 2, 2018

Updated July 11, 2018


Overall Rated: 5.0 / 5

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Designed to make borrowing easier, AvantCredit considers its business model as lowering the barriers and costs of unsecured personal loans. AvantCredit wants to make accessing loans easier for their customers. As an online lender, AvantCredit focus on a quick application process and many borrowers receive their funds on the same business day.

As a wider organisation, AvantCredit has so far lent over £3.5 billion to over half a million customers across the globe. With this success, AvantCredit has also achieved a 95% satisfaction rate from their customers.

With a commitment to making loans more accessible to customers. Avant Credit offer loans to a range of customers and will consider moderate and impaired credit ratings, those with weaker credit histories will notice a higher rate, on average at 59.9%. However, for those with good credit history may see rates as low as 9.3%. With their loans, Avant Credit applies a 5% administration fee to their loans but do not charge fees for enquiring or receiving a quote.

With a focus on accessibility, AvantCredit offers a loan term between 12 and 60 months, but will not charge extra for early repayment. The main benefit of AvantCredit is their focus on common sense, treating every customer as an individual to prepare the right loan option for each customer.

With flexible loan solutions, AvantCredit help customers who want to complete home renovations, pay unexpected costs and consolidate debt. In fact, with every personal situation reviewed, AvantCredit can help to find the right loan product that is required.

Trust & Reputation

Rated 5.0/5

With offices in London, Los Angeles and Chicago, AvantCredit is an established lender whose primary driver is the success of their customers, which is why each loan is personally considered so that borrowers receive the right lending solution based on their personal circumstances.

Since the UK office opened in October 2013, AvantCredit has quickly built a reputation for supply fast, individually tailored decisions. Furthermore, trust is built by having a range of experienced advisors available seven days a week to answer any queries and offer solutions to any problems.

AvantCredit has established their trust and reputation in the industry by winning the 2016 altfi award for ‘up and coming direct lending platform of the year’.

Expertise & knowledge

Rated 5.0/5

As an established company operating across the USA and the UK, AvantCredit has expertise in flexible unsecured loan solutions. With their tailored, personal approach, it is clear that advisors have the appropriate knowledge to fully consider each circumstance and provide a loan solution accordingly.

With a tailored solution and encouragement to pay back the loan early with no early repayment fees, it is evident that AvantCredit wants to help customers to build their credit score and support their customers. One stand-out factor for AvantCredit is their speedy loan options, with many being completed on the same day. AvantCredit achieves this by building a secure and advanced online system where customers can complete their application as well as signing their loan contract with an e-signature. To focus on security, AvantCredit is Norton secured and comply with data protection regulations. If loans are approved by 9 pm, and your bank accepts fast payments, then you can receive your loan on the same day as application.

Customer Service

Rated 5.0/5

AvantCredit makes sure that customers receive the help they need by having advisors available to contact seven days a week. With fast payment options, AvantCredit focus on making sure the loan application process is as quick and efficient as possible. With loans received in 24 hours, many choose AvantCredit for their outstanding fast service.

On independent review site, Trustpilot, AvantCredit are considered ‘great’ based on 951 reviews. 80% of customers have given AvantCredit the best possible score, while 8% rate AvantCredit as bad. Many customers compliment the fast and efficient service that they receive. From complaints, the fact that customers cannot top up or obtain a second loan, regardless of their reliability and good credit. With this, AvantCredit has a current TrustScore of 7.8 out of 10.

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