Personal loans from Avant may have less credit requirements, but their loans come with a lot of fees. On the other hand, Check City Personal Loans don’t have any origination fees!
Personal Loans are loans that you pay back through monthly installments for a set period of time outlined in your loan contract. Generally, personal loans can be used for any personal reason. Avant personal loans are most commonly used to consolidate debt, cover emergency costs, or improve your home.
Avant Personal Loans: A Quick Look
When shopping for a loan the first things you’ll want to know are all the basics like loan amounts and APR. Let’s take a quick look into the basics of an Avant personal loan.
Loan Amount: $2,000 to $35,000
Rates: 9.95% to 35.99% APR
Fees: no prepayment fee, but there is a 4.75% administration fee, a $25 late fee, and a $15 dishonored payment fee
Terms: 24 to 60 months (2 to 5 years)
Basically, an Avant personal loan offers some pretty standard loan terms, with the added bonus of allowing lower credit scores to still apply. But Avant does have quite a few fees for administration and late or failed payments.
Who are Avant Personal Loans Perfect For?
There are a couple of reasons why an Avant personal loan might be right for you. Avant personal loans are catered toward borrowers with less than stellar credit. Also, if you want to check their personal loan eligibility you can easily do so on their website without negatively impacting your credit score. The bottom line is that Avant personal loans are perfect for borrowers with low credit scores looking for loan amounts between $2,000 and $35,000.
PROS
- Fixed payments
- Quick application
- No prepayment fee
- Funds the next business day
- Low credit borrowers can apply
Who Should NOT Get an Avant Personal Loan?
If you have a credit score that is average or better, then you might want to consider other loan options where you can get an even better interest rate. Avant personal loans are also not ideal for loan customers that frequently make late payments or can’t afford any additional fees.
CONS
- 4.75% administration fee
- $25 late fee
- $15 dishonored payment fee
An Alternative to Avant Personal Loans
Looking for an alternative to Avant personal loans? Then look no further. Check City Personal Loans also allow borrowers with low credit to apply, but unlike Avant personal loans, Check City doesn’t have any origination fees. Check City also offers shorter loan terms so you can get smaller, easier to pay back loans. But these aren’t the only reasons to check out a Check City Personal Loan.
Reasons to Get a Check City Personal Loan:
Direct Lender. Check City is a direct lender, meaning they don’t just connect you to lenders, they are the lender.
State Licensed Lender. Check City is a licensed lender in each state they operate in. That way you’ll always know your Check City loan is secure.
Fast Online Application. Check City loan applications only take a few minutes to fill out. All you need is a couple of minutes!
No Origination Fee. Check City won’t charge you just for starting an account.
FAST FUNDS. Visit a Check City store to apply and you can walk away with your cash in hand today!
How to Apply for a Check City Personal Loan
The loan application process at Check City doesn’t take very long. All you need is a few short minutes and some documents to complete your application and move on to getting your loan funds.
What You’ll Need to Apply:
- A government ID
- Proof of bank account
- Proof of direct deposit
- Proof of income
- A valid phone number
APPLY ONLINE. Would you rather apply for a loan in person? Check City provides that option too! You can also apply for a Check City Personal Loan over the phone or in the store.
APPLY IN THE STORE. By applying inside the Check City store, you can actually walk out with cash in hand in that very same visit!
Or call Check City’s LOANS BY PHONE NUMBER: 800-404-0254 to speak with a Check City representative and apply over the phone.
The Check City personal loan was created for everyone. Anyone can apply and get their funds FAST with our simple streamlined loan process. Don’t hesitate to give us a call, pull up our website, or visit your neighborhood’s Check City store to get your money now.
COMPARE SIMILAR PERSONAL LOAN OPTIONS
| Check City | Discover | PNC Bank | US Bank | Avant | |
|---|---|---|---|---|---|
| Amount | $300 to $3,000 | $2,500 to $35,000 | $1,000 to $35,000 | $3,000 to $25,000 | $2,000 to $35,000 |
| Rates | lower APR than our payday loans | 6.99% to 24.99% | 5.99% to 25.99% | 6.49% to 17.99% | 9.95% to 35.99% |
| Fees | no origination fees | no origination fees, no closing costs | no origination fee, no prepayment fee, no application fee, but there are late fees | no origination fee, but there is a prepayment penalty | no prepayment fee, but there is a 4.75% administration fee, a $25 late fee, and a $15 dishonored payment fee |
| Terms | 6 months | 36 to 84 months | 36 months | 12 to 60 months | 24 to 60 months |
| Min. Credit Score | none | 660 | high credit score | n/a | 580 |
Don’t settle for less in a personal loan. Research the personal loan options available to you before making a choice. That way you’ll know you’re getting the best personal loan for you.
*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.
