Avant's interest rates are 9.95% - 35.99% or less, depending on whether there is an administration fee. The 9.95% - 35.99% range is actually Avant's APR, which includes both the interest rate and a fee of up to 4.75% of the loan amount.
When you qualify for a personal loan with Avant, they will tell you what APR they can offer you. Your actual interest rate will be less than that, but you'll be making payments based on the APR so there's really no point in calculating out the interest rate. Here's what Avant says on their website: “Since additional costs such as the administration fee are factored into the calculation of the APR, the APR will typically be higher than the interest rate. Avant states the APR for every personal loan offer in the loan agreement.”
Avant's interest rates are fairly high. Their minimum APR starts at 9.95%, which is 3% - 4% higher than where most lenders start their ranges. And their maximum APR of 35.99% is one of the highest on the market. The main reason for this is that Avant works with customers who have bad credit. Their credit score requirement is just 600, according to multiple third-party sources.
So if you have bad credit, Avant is a good option. But if you have good or excellent credit, you'll definitely be able to find better minimum rates elsewhere.