Before Personal Loans Review 2021 – Forbes Advisor

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The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Avant’s personal loans compare to other popular lenders:

Before against. SoFi

SoFi offers higher loan amounts ($ 5,000 to $ 100,000) than what is available through Avant, and APRs start at around 6% with automatic payment, exceeding the lower Avant rate. Likewise, Sofi’s maximum APRs peak at around 20%, while Avant’s rates peak at nearly 36%. SoFi’s loan terms (two to seven years) are also longer.

Report: Review of SoFi Personal Loans

Before against. LightStream

LightStream personal loans are available from $ 5,000 to $ 100,000 and APRs start below 3% (for some loans) for borrowers who sign up for automatic payment; rates cap at just over 20%. This means LightStream borrowers with the highest credit scores can access rates far lower than the best Avant offered. However, LightStream’s eligibility requirements make it more difficult to qualify, while Avant imposes a low minimum score requirement.

The terms of LightStream loans are also longer than Avant loans, with terms available between two and 12 years, depending on the purpose of the loan.

Related: LightStream Personal Loan Review

Before against. Marcus

Marcus offers smaller personal loans than some competitors, with options ranging from $ 3,500 to $ 40,000, similar to the loans offered by Avant. Rates start around 7% but reach a maximum of around 20%, which is still significantly more competitive than Avant’s APRs. Marcus doesn’t charge setup, prepayment, or late fees, and borrowers can save 0.25% on their APR if they register for the autopsy.

Related: Review of Marcus Personal Loans


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