What are the fees?
We outline what to keep in mind below.
Interest, Administration Fee, Late Fees and Dishonored Payment Fees
We know loan fees and APRs can be confusing. At Avant, we are committed to a transparent fee structure that makes it easy for you to understand.
Late fees may apply if a scheduled payment is missed, although the amount and time of the application of the late fee varies by state. Additionally, dishonored payment fees may apply if a scheduled payment is returned unpaid.
Avant may charge an Administration fee, which is an upfront fee automatically deducted from your loan proceeds at the time the loan is funded. This fee, if applied, is only assessed if your loan is issued, and depending on your APR is set between 1.75% and 3.75% of your loan amount (or 0.95% if you are refinancing an existing loan). This fee is non-refundable and retained by WebBank.