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Avant Personal Loans Review 2021 – Forbes Advisor

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Avant Personal Loans compare to other popular lenders:

Avant vs. SoFi

SoFi offers higher loan amounts ($ 5,000 to $ 100,000) than available through Avant, and APR starts at around 6% with Autopay – which beats Avant’s lowest rate. Likewise, Sofi’s maximum APR are around 20%, while Avant’s rates are almost 36%. SoFi also has a longer credit period (two to seven years).

Affect: SoFi Personal Loan Review

Avant vs. LightStream

LightStream personal loans range from $ 5,000 to $ 100,000, and the APR starts below 3% (for some lending purposes) for borrowers who sign up for auto-payment. The rates are capped at just over 20%. This means that LightStream borrowers with the highest credit scores can access rates that are much lower than Avant’s best. However, LightStream’s eligibility requirements make qualification difficult, while Avant has a low pass mark.

The LightStream loan terms are also more extensive than Avant loans, with terms ranging from two to 12 years, depending on the purpose of the loan.

Related: LightStream Personal Loan Review

Avant vs. Marcus

Marcus offers smaller personal loans than some of its competitors, with options ranging from $ 3,500 to $ 40,000 – similar to the loans offered by Avant. Prices start at around 7% but end at around 20%, which is still significantly more competitive than Avant’s APR. Marcus does not charge any processing, prepayment, or late payment fees, and borrowers can save 0.25% on their APR when they sign up for an autopsy.

Related: Marcus Personal Loan Review

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Richard Dement

The author Richard Dement