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Higher-cost installment
Avant
Avant offers online installment loans to fair-credit borrowers—watch administrative fees and APR on your specific offer.
Typical amount
$2,000–$35,000
APR range
9.95%–35.99%
Term
24–60 months
Fees
Admin fee may apply
Overview
Avant sits between prime online lenders and storefront shops—fully digital, faster funding, looser credit than Discover or SoFi at the cost of higher APRs.
How it works
Online application, hard pull for firm offer, e-sign, ACH funding. Administrative fees may reduce cash disbursed—check amount financed on the disclosure.
APR and fees
Compare total repaid against OneMain and OppLoans, not monthly payment alone.
Eligibility
Fair credit is the core market; recent bankruptcies or weak income can still decline. State availability varies.
Who it fits
Good fit: Fair credit needing fast funds who understand fees and can pay on a bad month. Skip if: you are quoted above ~30% APR and could wait to improve credit.
Pros and cons
Pros
- Online with relatively fast funding
- More accessible than strict prime lenders
Cons
- Administrative fees possible
- High APR for many approvals
Compare in this lane
Common questions
Payday lender?
Installment loans with disclosed APR—not single-pay payday products.
OneMain Financial
OppLoans (OppFi)
Chime — MyPay