Best Reviews TopConsumerReviews.com Best Personal Loans Best Reviews
Best Reviews
      March 29, 2020

Home  >  Personal Loans  >  LendingClub vs Avant

Best

Personal Loans

  1. LendingClub
  2. Upstart
  3. Avant
  4. 100 Lenders
  5. Prosper
  6. NetCredit
  7. Personal Loans
  8. OneMain Financial
  9. LifeLoans
  10. Better Loans Mutual

Your Information Is Secure
Personal Loan Tips Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Latest Reviews

Auto Warranties

Bad Credit Loans

Batteries

Cheesecake Clubs

Creatine

Credit Monitoring

Diabetes Supplements

iPhone Repair

Popcorn Clubs

Prenuptial Agreements

 

Individual Reviews

SoFi

LendingClub

Upstart

Avant

100 Lenders

Prosper

NetCredit

Personal Loans

OneMain Financial

LifeLoans

Better Loans Mutual

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LendingClub vs Avant

Best Personal Loans

To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingClub and Avant.

To see ALL of our reviews for the Best Personal Loans, please Click Here

Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.

Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.

Continue reading below reviews

Best Reviews

2020

Personal Loan Reviews

4.5 stars
LendingClub

LENDINGCLUB

Visit Site

Loan:

From $1,000 to $40,000

LendingClub is a recognized leader in the social lending market. They do an excellent job of bringing together lenders and those wanting a loan between $1,000 to $40,000. The benefit of choosing LendingClub is that without a bank in the mix, borrowers are able to get a lower rate on their personal loans. LendingClub currently holds a strong Better Business Bureau rating of A and helps facilitate thousands of loans for happy customers each month.

The loan rates at LendingClub are among the lowest we've found. Of course, the best APR is available to borrowers with excellent credit. Applying for a loan is simple:

  • Enter the amount you want to borrow, the purpose of the loan, and your credit score range
  • Next you'll be asked to input your name, address, income, and date of birth
  • LendingClub will verify your identity and creditworthiness
  • After verification occurs, your loan and loan terms will be available for you to select from
  • Select your loan
  • LendingClub authenticates your bank account
  • You receive your funds

The size of your loan and your credit worthiness impacts the turnaround time of the process. At any point you can speak to a LendingClub customer service representative to assist. Your loan request will be listed on the LendingClub website for up to two weeks, or until lenders are willing to fully fund your request.

Like any peer-to-peer lending company, a fee is assessed in order to cover costs. At LendingClub you can anticipate a one-time processing fee that ranges from 1% to 6% of the loan amount, depending on your loan and loan terms. For a $1,000 loan that equates to a fee starting around $11.

If you're looking for a personal loan, LendingClub offers an excellent lending process and affordable rates, from a reputable company that you can feel confident with.

Visit Site
4 stars
Avant

AVANT

Visit Site

Loan:

From $2,000 to $35,000

Avant is one of the newest providers in the personal loans market, opening its doors in Chicago in 2012 and receiving its first accreditation with the Better Business Bureau in March 2015. It currently holds a solid A+ rating with the BBB.

Avant provides access to one of the larger ranges of consumer loans available, from $2,000 to $35,000. Loans through the Avant platform include terms from 2 to 5 years. As an example, a $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33.

Although Avant is relatively new to the online lending business, the Avant platform has already issued more than $1 Billion in loans to over 450,000 customers. With nearly 500 employees working to provide affordable loans to consumers in need, they bring a professionalism and dedication that is welcome to this industry.

There are no extra charges for prepayment of your loan, although late fees may apply if a payment is missed. Customer service is available 7 days a week.

Another feature that we liked with Avant is how quickly they provide access to funds. The Avant platform can often send your money via direct deposit as soon as the next business day‡.

Avant's loan application and approval process is very easy:

  • You provide basic information about yourself, such as your full name and address, income details, and social security number
  • After you receive your electronic loan offer, you digitally sign the contract they send
  • If approved, you could receive your money as soon as the very next business day‡

We're encouraged to see this lending platform enter the marketplace. They've earned a high BBB rating in a very short period of time, and don't charge exorbitant or hidden fees. Combined with the ultra-fast loan application process, Avant easily earns very high marks.

Visit Site

Continued from above

No matter where you borrow money from, before you get your next personal loan you should consider the following:

  • BBB rating. Does the lending company have a solid history of doing good business with its customers?
  • Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
  • Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?

TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!

Lone Star loans ventilators, personal protective equipment to local hospitals

Kingwood is helping support local hospitals during the novel coronavirus pandemic by loaning eight ventilators, five nebulizers and 75 kits. Houston Methodist Baytown received three ventilators, CHI ...

Published:  Sat, 28 Mar 2020 07:15:00 GMT



Application for disaster loans exposed business owners' personal data

About 100 business owners had personal information exposed when they used a government online portal that was unsecured to apply for federal disaster loans, officials said Friday. The information, inc ...

Published:  Fri, 27 Mar 2020 14:52:00 GMT



Banks under fire over personal guarantees on coronavirus loans

HSBC and Lloyds Bank are asking entrepreneurs to put their savings on the line to access government-backed loans of over £250,000.

Published:  Thu, 26 Mar 2020 03:56:00 GMT



Discover Personal Loans Review

Read our detailed Discover personal loans review to learn about the interest rates, terms, fees, loan amounts, and more offered by Discover Bank.

Published:  Thu, 26 Mar 2020 23:23:00 GMT



Can I Get a Personal Loan With Bad Credit?

Bad credit can limit your choices if you want to take out a personal loan or borrow money in any form. You can find personal loans if you have bad credit, but the lower your credit score, the pricier ...

Published:  Tue, 24 Mar 2020 06:58:10 GMT



People need loans as coronavirus spreads but lenders are making them tougher to get

Banks and financial-technology firms are starting to toughen their approval standards for new loans to consumers and small businesses. That means many ...

Published:  Sat, 28 Mar 2020 08:27:00 GMT



Personal loans affect your credit - how to maintain a good score

Available from a bank, credit union or online lender, personal loans can be helpful tools. Just like any form of financing, however, they can impact your financial future. Here' ...

Published:  Wed, 25 Mar 2020 09:28:00 GMT



Banks may soon offer Americans more loan options-here's what experts say you need to know before borrowing

As the number of unemployed Americans soars because of the coronavirus pandemic, federal regulators are looking for ways to get cash into their pockets. One new initiative: get more banks and credit ...

Published:  Fri, 27 Mar 2020 18:01:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure