Frequently Asked Questions

Representative 48.2% APR

1. What does AvantCredit provide?

AvantCredit is a direct lender of unsecured personal loans in the United Kingdom. You can apply for personal loans ranging from £1,000 to £20,000.

AvantCredit Personal Loans are great for individuals that cannot get a loan with their banks or building societies but do not want to resort to payday loans or cash advances. AvantCredit focuses on providing an accurate interest rate for each applicant.

2. Can I trust AvantCredit as a lender?

Yes. AvantCredit is licensed with the Financial Conduct Authority (FCA), which is required for all companies in the United Kingdom that provides direct lending services. Our Consumer Credit Licence number is 657278, and you can search for us on the FCA public register. You can also search for other lenders you are considering here to make sure that they are fully licensed to serve in the UK.

Our entire website is also VeriSign secured, so you can rest assured that your personal information is safe with us.

Click here to see rates and terms!

3. What is Representative APR?

Representative APR is required for all lenders in the United Kingdom to display clearly on any marketing material including the website. It is the APR rate at or below which 51% of consumers who enter into credit agreements will receive.

We will look at a variety of factors when determining your eligibility, including your credit score and income. Based on this information, you will be able to select your loan amount up to your approved amount.

4. Am I eligible to apply?

Anybody is welcome to apply with AvantCredit as long as the individual qualifies the following eligibility requirements:

1. Be a resident of the United Kingdom

2. Be over the age of 18

3. Have a current account in your name

Click here to see detailed information on our rates and terms.

5. How much can I borrow?

At AvantCredit, we focus on providing the best loan offer bespoke to your financial circumstances.

Depending on multiple factors, we can provide you a loan anywhere from £1,000 to £20,000. We look at your credit score, employment history and other factors that will paint a clearer picture of your credit-worthiness and will provide you with an approval amount on your contract. You can select any amount you want to borrow up to your approval limit.

6. What is the cost of my loan?

With an AvantCredit loan, the only cost you will need to pay is the daily simple interest accrued on your loan. Your payment schedule will be clearly displayed on your contract before you sign, and also accessible at any time when you log into your account

If you do not repay on time, you will be subject to a default fee of £12.

Other payment options are available. Call 0800 610 1516 to speak with an agent today.

7. How can I repay my loan?

We make the entire loan process convenient, which means you can repay the loan at the click of a button - just as you would take out a loan with AvantCredit.

You may repay by debit card through the Continuous Payment Authority (CPA) to collect the repayment due, including any applicable charges, on the monthly payment date agreed by deducting the sum from the account you have nominated and for which you provided debit card details.

If the payment transaction fails, we may make two further attempts on the payment date and on additional days pursuant to our CPA Policy. Each payment will be for the instalment amount due, together with any applicable charges imposed in accordance with the loan agreement.

If you wish to cancel your CPA, please contact us via the number, postal or email address contained in the footer. Alternatively you may contact your bank directly to cancel it. Please note, however that if you do cancel your CPA you must make alternative arrangements to repay your loan in accordance with the agreed terms.

8. I forgot my password. What do I do?

Click here to reset your password

9. What if I can't pay back my loan on time?

Don't panic just yet. We understand that unexpected situations can happen. If you find that you can't make an upcoming payment, call our friendly Customer Service agents at 0800 610 1516. Depending on your circumstances, we may be able to offer you forbearance options to give you some needed time.

If you do not repay on time, you will be subject to a default fee of £12.

10. Can I make an early or additional payment without penalties?

At AvantCredit, you can always make a payment outside of your scheduled due dates or even pay down your loan sum completely at any time you choose. You only pay interest for the balance you have outstanding at any given time, so any early payments immediately help you save on interest charges.