What is APR?

An annual percentage rate, or APR, is often used to express the cost of the loan, which is the interest owed PLUS additional fees. The APR is a standardized rate, allowing you to easily compare costs across multiple loan options. 

It is important to note that the APR is typically not the same as the interest rate on the loan. In addition to the interest rate, APR considers all factors affecting the cost of a loan, including whether the rate is simple or compound interest, additional loan fees, and the duration of the loan. In compliance with federal law, Avant states the APR for every personal loan offer in the loan agreement so customers can review all loan details before accepting any terms. 
If you qualify for a loan through us, we’ll work to match you with our lowest rate possible based on your selected loan amount and financial eligibility.

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