At Avant Money, we’re making it easier to understand the steps involved in getting a loan and simplify your loan application. With fast decision making, open banking, and online loan applications, getting a loan with Avant Money is straightforward and hassle free.

In order to understand how to get a loan with Avant Money, we have broken down the loan process into the following steps:

1. What is your loan purpose?

The first step is understanding your need for a loan. There are many different reasons why you might need access to finance such as to fund an upcoming wedding or an engagement ring, buying a new car, funding an educational course, refinancing an existing loan, improving your home or fitting that new kitchen, financing an overdue holiday and more. Avant Money offer the option of a personal Loan, refinance loan or home improvement loan.

2. How much finance do you need?

Once you know why you want a loan, you then need to decide how much you need to borrow. The amount you wish to borrow may determine your loan interest rate. This determines the amount you repay each month. For example, Avant Money currently offer a lower interest rate for loans over €20k.

We recommend you try the Avant Money loan calculator to help you understand loan repayments and the cost of credit.

3. Review the different loan rates

Unlike some other lenders, Avant Money loans come with fixed rates. This means that your loan repayment will be the same for the duration of the loan. There are no early repayment fees and depending on your loan purpose, terms of between 12-120 months are available. Avant Money also offer a lower interest rate for loans over 20k.

4. Gathering required documentation

Loan rates offered by lenders usually consider your financial profile and credit history. To get a loan from Avant Money, you will need to provide:

• Personal Identification: Driver’s license, passport, or other valid ID.
• Proof of Address: Household utility bill, bank correspondence quoting account number, revenue correspondence, social welfare document quoting PPS number, or correspondence from government body or local county council
• Bank Statements: 1 month of your most recent bank statement (dated within the last 30 days and showing your name and address)
• Income verification: payslips and proof of payment in the bank statement

5. Apply for the Loan

In order to apply for a loan with Avant Money, you must be over 18 and a resident of the Republic of Ireland. Avant Money’s online eligibility checker will help you understand if you are likely to be approved for a loan. You can then complete the loan application process online.

6. Review Loan Offer

Once you have received the loan offer from Avant Money, you should take a moment to review the terms and conditions and decide if you’re happy with the offer. Consider the interest rate, overall terms, fees and your future capacity to repay or any likely change in circumstance.

7. Accepting the Loan offer

If you believe the loan offer best suits your needs, then you can complete the application process by accepting the loan offer. Usually this will be done online through the Avant Money online portal where you can sign the loan offer. You will then receive the funds into your account.

Now that you have received the funds you will need to make timely repayments each month for the duration of the loan.

Avantcard DAC trading as Avant Money is regulated by the Central Bank of Ireland.