What are the banking requirements?
The following FAQ does not apply to the secured personal loan product through Avant. Please click here to contact us for inquiries related to the secured personal loan product.
Loan applicants are required to have a personal checking or savings account on file. We may require you to submit bank documents verifying your account details and income deposits. Your banking details, such as your routing number and account number are submitted at the time of application. Some customers may be required to verify that the bank account on file must be the one into which you receive the majority of your income.
Because Avant provides access to personal installment loans, customers are unable to receive loan proceeds in an account used for business purposes.