Fair-credit personal loans with a mobile-first management experience.
Get started at WebBank (originated through Avant, LLC, NMLS #1468801) → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4.1 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Borrowers with 580–680 FICO who want a regulated, transparent installment loan and prefer mobile app management.
Avant — Fair-credit personal loans with a mobile-first management experience. Best for: Borrowers with 580–680 FICO who want a regulated, transparent installment loan and prefer mobile app management.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Avant calls its upfront loan fee an 'administration fee' — but it functions identically to an origination fee at other lenders. The fee is up to 9.99% of the loan amount, deducted from the loan proceeds at funding. On a $10,000 loan with a 5% administration fee, you receive $9,500 but repay based on the $10,000 principal. Under Truth in Lending Act (TILA/Regulation Z), this fee is incorporated into the disclosed APR — so compare APRs across lenders for an apples-to-apples cost comparison. Verify the current fee range and how it applies to your loan at avant.com.
Avant targets borrowers with 580+ FICO — below the prime-credit threshold of most major online lenders. The model evaluates income, employment, and debt-to-income ratio alongside the credit score. Borrowers closer to 580 FICO will generally land at the higher end of the APR range; stronger profiles (640+) qualify for meaningfully better pricing. Use the soft-pull pre-qualification at avant.com to see your estimated rate and terms before a hard-inquiry application.
No. ClearValue Lending is a small business funding platform — not a personal loan lender, broker, or financial advisor. This review presents publicly available editorial information about Avant personal loans. Loan terms, APRs, fees, and eligibility are determined solely by WebBank through the Avant platform (NMLS #1468801). Verify current terms at avant.com before applying.
Avant advertises next-business-day funding for most approved applicants. Funding speed depends on completing your application, uploading required income documents, and signing the loan agreement before Avant's daily processing cutoff. Your bank's ACH processing timeline also affects when the deposit appears in your account — typically by the next business day for most major banks. Not all approved applications qualify for next-day deposit. Verify current funding timelines at avant.com.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
See all picks, methodology, and side-by-side comparison in Best Personal Loans 2026.
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