Avant Money
Avant Money personal loans feature low fixed APRs from 6.7% on loans €30,000+, flexible terms up to 10 years, and fast online responses with no early repayment fees.
Avant Money’s personal loans stand out in Ireland due to their appealing fixed rates, efficiency, and transparency. For borrowers looking for substantial amounts, especially above €30,000, the offering boasts some of the lowest interest rates in the market. With a minimum APR of 6.7% for large loans and a fixed nominal interest rate from 6.5%, these loans are not only affordable but also predictable, making budgeting straightforward.
Borrowers can select between one and ten years for repayment, depending on the loan and its purpose. For loan amounts between €5,000 and €19,999, APRs start from 8.5%, while larger amounts (€20,000 to €75,000) have lower starting rates. Importantly, there are no early repayment fees, and all loans are unsecured, making the application process less complicated.
How to Apply: Step-by-Step Overview
- Decide the amount and repayment term that fits your needs.
- Use the online calculator for a monthly repayment estimate.
- Complete the straightforward application form online.
- Receive an eligibility assessment and loan decision, often in minutes.
- Submit requested documents, such as ID and proof of income.
- Once approved, funds are transferred directly to your bank.
Key Pros of Avant Money Personal Loans
One significant advantage is the guaranteed fixed rates for the entire loan duration. This eliminates surprises and supports easier management of monthly finances. The transparent, online-first approach also enables applicants to quickly check eligibility and receive a decision, streamlining the borrowing process.
Another pro is flexibility: with loans ranging from €5,000 to €75,000 and repayment terms up to 10 years on higher-value loans, there’s a solution for most needs, from cars to home improvements or consolidating debts.
Notable Cons to Consider
Eligibility and final rates depend on your financial profile and credit history, so the best rates may not be available to all applicants. Additionally, as with any unsecured loan, responsible borrowing is essential to avoid credit score impacts from missed repayments.
Verdict: Is Avant Money Right for You?
Avant Money’s competitive fixed rates, lengthy terms, and efficient digital process make it a strong choice for Irish residents seeking larger personal loans. However, as with all loans, ensure you can comfortably meet repayments before committing.