This new peer-to-peer lender will consider factors such as your alma mater, job history, major, and even your grades and test scores when deciding on APRs, which range from 6% to 29.99%.
Pros Avant focuses on offering access to loans to borrowers with slightly lower credit scores than Lending Club.
Avant is not a peer-to-peer lender and offers access to loans through its lending platform.
Personal loans via Lending Club range from $1,000 to $40,000 at APRs from 5.99% to 35.89%* APR.
Best APR is available to borrowers with excellent credit.
The best debt consolidation loans have a balance of low fees, competitive interest rates, and flexible terms.
Here is a full list of the criteria I considered while making my picks: After considering all of these criteria, Lending Club, Avant, and Personal rose to the top of my list.
That can be an advantage for borrowers who need cash more quickly because through the Avant platform, you could have your funds as soon as the next business day.
I received answers to my questions through a helpful online chat service, which was a nice bonus with Avant.
” If you already know debt consolidation is the right path for you, here is a preview of the best debt consolidation loans revealed by my research: Next, I’ll dive into more detail on each company.