CLEARBORROW · PUBLISHED NOVEMBER 12, 2026
Avant review: rates, administration fee and terms
Avant offers unsecured personal loans of $2,000 to $35,000 at 9.95% to 35.99% APR over 24 to 60 months, issued by WebBank. The key cost to check is the administration fee of up to 9.99%, deducted from the money you receive. In Avant’s own example a $5,700 loan pays out $5,130.57 and costs 36 payments of $217.66.
Independent review. Avant is not a ClearBorrow partner and we earn nothing from it. Facts come from Avant’s own published pages, checked November 12, 2026; we did not apply for a loan. Terms differ by state.
On this page
Published terms
| Published terms | |
|---|---|
| Amounts | $2,000–$35,000; minimums vary by state |
| APR | 9.95%–35.99% fixed |
| Term | 24–60 months (some Avant pages say 12–60) |
| Fees | Administration fee up to 9.99%, deducted from proceeds; no prepayment fees |
| Lender | Avant-branded credit products are issued by WebBank, member FDIC |
Sources: Avant personal loans ↗, Avant Support ↗.
What it costs
| Avant’s published example | Figure |
|---|---|
| Loan amount | $5,700, 36 monthly payments |
| Administration fee | 9.99% |
| Amount financed (you receive) | $5,130.57 |
| APR | 29.95% |
| Payments | 36 × $217.66 = $7,835.76 total (our arithmetic) |
Avant notes the administration fee is treated as part of the principal and accrues interest (Avant ↗).
Strengths and weaknesses
| Strengths | Weaknesses |
|---|---|
| Aimed at fair credit; funding as soon as the next business day if approved | Administration fee up to 9.99% reduces what you receive |
| Fixed rate, no prepayment fee | Lowest APR of 9.95% is higher than prime lenders |
| Checking options does not affect your score, per Avant | Maximum $35,000 |
Who it may fit
Fair-credit borrowers who need $2,000–$35,000 and can accept a fee. Ask for the fee in dollars and the amount you will actually receive before signing.
Alternatives to compare
- Credit union loans and PALs — often the cheapest option if you are a member.
- Best Egg, SoFi and LendingClub for good credit.
- Upstart, Upgrade, Avant and OneMain for fair credit.
- Our loan calculator to compare total repayment.
Questions
Is the Avant administration fee the same as an origination fee?
It works the same way: a one-time fee deducted from the loan proceeds and included in the APR.
How fast does Avant fund?
Avant says funds may be deposited as soon as the next business day if approved; extra document requests can slow it.
Who actually lends the money?
Avant says its branded credit products are issued by WebBank, member FDIC.
Sources and limits
- Avant: personal loans (amounts, APR, administration fee, example) ↗
- Avant Support: loan products available ↗
Sources checked November 12, 2026. Lenders change rates, amounts and state coverage; confirm on the lender’s own rates page for your state before applying. Worked examples are our own arithmetic unless marked as the lender’s published example. How we use sources.