Can you have more than one loan with Avant? This question is about Avant

Can you have more than one loan with Avant?

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This question is about Avant

Grace Enfield, Content Writer

@grace_enfield • 09/14/22 This answer was first published on 09/14/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, you cannot have more than one loan with Avant since the company only allows applicants to have one loan at a time. The only way to get another loan with Avant is to fully pay off your original loan and apply for a new loan.

Alternatively, you could get a second loan through a different lender. For example, you can get a personal loan with Avant and then get another loan through a different bank, credit union or online lender.

You can read more about Avant personal loans and which lenders let you have two loans at a time on WalletHub.

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What are Avant's interest rates?

Avant’s interest rates are 9.95% - 35.99% or less, depending on whether there is an administration fee. The 9.95% - 35.99% range is actually Avant’s APR, which includes both the interest rate and a fee of up to 4.75% of the loan amount.

When you qualify for a personal loan with Avant, they will tell you what APR they can offer you. Your actual interest rate will be less than that, but you’ll be making payments based on...

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How do I apply for an Avant personal loan?

To apply for an Avant personal loan, first check for pre-qualification and decide which way you will apply (online or by phone), then enter your personal and financial information on the application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for an Avant Personal Loan

Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before...

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Does Avant do a hard inquiry?

Yes, Avant does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

Avant's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual...

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