Avantcredit aims to provide access to personal loans, at competitive interest rates, in a timely manner.
Loans displayed have term lengths between 6 months and 5 years, and 39.5% APR.
Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.
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Avantcredit provides unsecured personal loans to individuals across the United Kingdom.
Whilst anyone over 18 can apply for one of their loans, they are targeted at people who may find it difficult to get a loan from traditional lenders. Their aim is to be a lower cost alternative to the payday loan companies. They are a UK based operation whose parent company is from Delaware, USA.
Avantcredit is a direct lender, meaning that the money provided comes from them rather than a peer to peer lender. Traditional credit sources can be out of reach for consumers who have had historical problems with loans or credit cards, or those who are new to borrowing and so don’t have a complete credit history.
Whilst Avantcredit is committed to responsible lending, they are more flexible when it comes to accepting customers who have a lower credit score. They can also help people build, or rebuild, their credit history. When payments are made on time by a customer, they inform the credit reference agencies.
Personal loans are available for amounts ranging from £500 to £20,000. They don’t have to be secured against a property, and don’t need to be backed by a guarantor.
Application is made using a simple online process, and money is deposited directly into the applicant’s current account, often on the same day that the application is made. The amount that a customer can borrow, and the interest rate that it will attract, are dependent upon a number of factors.
The customer’s credit score is one factor, but Avantcredit like to take an individual approach so will consider other factors as well. Over payments and early settlement are both available without penalty, and payments can be made via debit card through the use of a continuous payment authority.