Online borrowing platforms have been gaining popularity over the past couple of years due to a simple application process and instant access to cash along with flexible payment options. Consequently, the market has witnessed substantial growth in online lending platforms that have helped people in borrowing billions of dollars. These platforms offer various types of loans to consumers with flexible payment options along with other debt management services.
Choosing the right platform for borrowing money is essential. This is because each platform offers different types of loans with different interest rates and repayment options.
To help you with that, we review Avant, which is among the platforms that offer instant access to cash with a simple application process.
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- Loans From $100 to $15,000
- Instant Application & Approval
- Bad Credit Considered
- Lenders From All 50 US States Onboard
What is Avant?
Established in 2012, Avant entered into the market with a small team of passionate Chicago loans who were looking to change the online lending industry. They have been working on a strategy of lowering the barriers and costs of borrowing. The platform is looking to make borrowing easier for consumers when compared to traditional banks that require a lot of upfront paperwork. They are also seeking to outperform payday loan companies that charge significantly higher rates. Avant’s seeks to offer quick loan application along with instant access to cash and friendly customer service.
What are the Pros and Cons of Avant?
Avant Loan Lender Vs other Competitors
Avant is a revolutionary online lender looking to lower the cost of borrowing and innovating solutions to overcome the barriers around the lending process. The company prides itself in offering loans at significantly reduced rates through a straightforward online loan application process. Its counterparts Speedy Cash, Oportun Loan, and Lend Up also offer aim at making it easy to access loans, by offering their services online. Here is a quick comparison of their services in terms of loan limit, credit score requirement, interest rates, and repayment period among other costs.