7 Alternatives to Avant: Other Popular Online Lending Platforms

Avant

vs.

Best Egg

93

Avant and Best Egg are both online personal loan providers that offer quick and easy access to funds. Avant offers loans of up to $35,000 with repayment terms ranging from 24-60 months, while Best Egg offers loans up to $35,000 with repayment terms ranging from 3-5 years. Avant has an origination fee of up to 4.75%, while Best Egg does not have an origination fee. Avant’s application process is more involved than Best Egg’s as it requires an income verification process. However, Best Egg only requires a soft credit check which can be beneficial for those who have lower credit scores. Both websites also offer the ability for customers to check their rate without having any impact on their credit score. Overall, both websites provide convenient access to personal loans but offer different levels of service depending on the individual’s needs and goals.

Avant

vs.

LendingClub

42

Avant and LendingClub are two popular online lending platforms offering personal loans to customers. Both offer quick loan processing times, with Avant providing a decision in as little as 15 minutes and LendingClub providing decisions in a few days. Avant is geared towards borrowers with less-than-perfect credit, and loan amounts range from $2,000 to $35,000. On the other hand, LendingClub offers loans from $1,000-$40,000 with no prepayment penalties, but applicants must have at least a minimum credit score requirement of 660 to qualify for a loan. Additionally, both offer fixed interest rates that are determined by an applicant's creditworthiness. Both companies also provide customer service via phone or email for those needing assistance during the application process. Ultimately, it will come down to which website offers better terms and conditions that work best for individual borrowers.

Avant

vs.

OneMain Financial

82

Avant and OneMain Financial are both online lending companies that provide personal loans to qualified borrowers. Both companies offer a range of loan amounts, terms, and rates. Avant focuses on providing accessible loans to people with less-than-perfect credit histories. Its application process is quick and paperless, and provides customers with personalized loan offers in as little as 15 minutes after submitting an application. Avant also has flexible payment options and fast funding times, allowing customers to receive their funds within one business day of approval. OneMain Financial offers a variety of products for those needing cash for debt consolidation, home improvement projects, or other major expenses. The company offers fixed rate loans up to $25,000 with terms ranging from 2 to 5 years. Additionally, you can apply online or in person at over 1,500 branches nationwide for same-day loan decisions and funding. OneMain Financial also allows customers to make partial payments or pay off the entire balance early without penalty fees.

Avant

vs.

Prosper

61

Avant and Prosper are peer-to-peer lending websites that allow customers to borrow money and investors to provide funds. Avant's main feature is quick access to funds: borrowers can receive their loan as soon as the next business day if approved. Avant also offers more flexible terms on their loans, allowing customers to borrow up to $35,000 with fixed rates in just minutes. Prosper, on the other hand, specializes in providing longer-term loans; they offer three-, five-, and seven-year loan terms with fixed rates. Borrowers can also take advantage of Prosper's personalized customer service and its wide variety of loan amounts (between $2,000 and $40,000). In addition, through Prosper's platform, investors can diversify their portfolio by investing in low-risk notes.

Avant

vs.

SoFi

76

Avant and SoFi are both online loan providers that offer personal loans for a variety of purposes. Avant offers loans up to $35,000 with terms ranging from 24 to 60 months, while SoFi offers loan amounts up to $100,000 with terms between two and seven years. Avant has a limited number of states that they offer services in, while SoFi is available in all 50 states. Avant also requires applicants to have a minimum credit score of 600, while SoFi's requirements are more flexible and they consider other factors such as education and employment when determining eligibility. Both websites have user-friendly interfaces and provide customers with real-time updates on their loan status throughout the process. Additionally, both websites offer customers the option to pre-qualify for a loan before making an official application.

Avant

vs.

Upstart

18

Avant and Upstart are both online personal loan services that offer a range of loan amounts and repayment terms. Avant has an online application process and provides quick decisions on loan applications, with funds available as soon as the next business day. They have flexible repayment options, including bi-weekly payments, which can help borrowers manage their debts more efficiently. Upstart also offers fast decisions on loans, but they have a higher credit score requirement than Avant. In addition to traditional repayment terms, Upstart also offers unemployment protection for their borrowers in the event of job loss. Both companies provide educational resources for borrowers to learn about different financing options.

Avant

vs.

Upgrade

32

Avant and Upgrade are both online personal loan companies that provide quick and convenient loan services for customers. Both offer competitive rates and flexible repayment options. However, Avant requires a minimum credit score of 580 to qualify for a loan, while Upgrade does not have a minimum credit score requirement. Avant also offers loan amounts as low as $2,000 up to $35,000 with terms ranging from 24 to 60 months, while Upgrade offers loan amounts between $1,000 and $50,000 with terms ranging from 36 to 60 months. Both services charge an origination fee although the amount varies depending on the loan amount and term length. For example, Avant charges a 1.5% - 4.75% origination fee while Upgrade charges between 2.9% - 8%. Additionally, Avant has an expedited funding option available in some states that allows customers to receive their funds within one business day whereas Upgrade does not offer this option.

Avant

vs.

Plus

37

Avant and Plus are both online loan services that offer personal loans to borrowers. Avant is designed for those with less-than-perfect credit scores or short credit histories, while Plus is geared toward those with good to excellent credit. Both websites allow for quick decisions on loan applications, as well as flexible repayment plans tailored to the individual borrower’s needs. Avant offers secured and unsecured personal loans up to $35,000 with fixed rates starting at 9.95%. The company also has a team of representatives available to advise customers on their loan options. Plus focuses on larger loans up to $100,000 with variable rates starting at 5.16%. Borrowers can use the site’s Wealth Simulator tool to plan out their financial goals and get an estimate of how much they could save by refinancing an existing loan into a lower-interest rate one offered by Plus. In addition, Avant has a rewards program called AvantPerks which provides discounts and deals from various retailers, while Plus has an automated account management feature that allows customers to manage their accounts easily and quickly from any device. Both websites provide helpful educational resources for customers such as FAQs and glossaries of finance terms.