Avio Credit Review

Founded in 2017 and based in Kansas, this online lender offers personal loans with fast funding.

Best for: Best for people who need quick funding for a personal loan to cover unexpected expenses. 

What to watch out for: Watch out for triple-digit interest rates and note that payments don’t get reported to credit bureaus. 

Features of Avio Credit

Here’s what you should know before you apply for a loan with Avio Credit:

• Minimum and maximum loan amount – $100 to $5,000 (may fluctuate by state)
• Loan term – 2 weeks to 24 months
• Loan interest rate range – 80% to 159% (may fluctuate by state)
• Fees – Does not charge any origination or prepayment fees, but charges a $25 late fee.
• Where they’re available – Alabama, Idaho, Kansas, Missouri, Rhode Island, South Carolina, Texas, Tennessee, Utah, and Wisconsin

Product details

• Minimum credit score for approval: 300
• Turnaround time: Can deposit the funds into your account in as little as one business day, but three business days is more common. 
• Requirements: Must have an active checking account in good standing, be 18 years or older (19 in Alabama), live in one of the serviced states, and be able to prove your ability to repay the loan with a minimum monthly income of $1,000.  
• Acceptance: This lender accepts people with past bankruptcies as long as they don’t have an ongoing case and part or full-time employment (including self employment). They also accept people on government assistance and those retired or receiving a pension. 
• Loan security: Unsecured 
• Do they perform a credit check? Yes, they perform a hard credit check if you apply for a loan. 

What are the benefits of Avio Credit?

Avio Credit is an online lender that has a few benefits of working with them. These benefits include: 

• Offers personal loans and lines of credit up to $5,000
• $0 prepayment fee
• Requirements are reasonable

What to watch out for

Unfortunately, there are drawbacks that comes with working with this lender, including: 

• APRS between 80% and 159%
• Doesn’t do a soft credit check
• Doesn’t report to credit bureaus

Is Avio Credit legit? 

Yes, Avio Credit is a legit online lender founded in 2017 and based in Wichita, KS. They offer personal loans and lines of credit. However, this company’s rating is a bit odd. According to the Better Business Bureau, it’s not accredited and has a 1.5/5 star rating, but it’s also showing to be an A+ company. Reviewers complain about the APR rate with one stating that they’re paying back triple what they borrowed. 

If you look at TrustPilot, Avio Credit has a slightly better rating at 4.6/5 stars. However, looking at the reviews, one common theme is funds not showing up after approval or funds getting deposited into the wrong account and it being a headache to fix.

At the time of writing this, Reddit doesn’t mention anything about this company, but reviews in general seem to be scarce (except on TrustPilot).

Avio Credit reviews

Am I eligible?

The eligibility requirements do vary slightly from state by state, but the common elements include: 

• 18 years old (19 in Alabama)
• Be a US citizen
• Reside in one of the accepted states 
• Minimum monthly income of $1,000
• Active checking account in good standing 
• Be able to prove your income and residency 

What documents do I need to apply?

When you apply for a loan, you’ll need a few key documents to prove your identity and income, including: 

• Government-issued ID (driver’s license, state ID, passport)
• Proof of residency (mortgage papers, rental agreement, current address on your ID)
• Proof of income/ability to repay the loan (check stubs, bank statements)

How do I apply for a loan with Avio Credit?

Avio Credit makes it easy and straightforward to apply for a loan through them, and you’ll: 

1. Go to Avio Credit and click “Get Started” 
2. Create an account
   1. Input your email 
   2. Create/verify a password
   3. Select a security question and answer
3. Personal information
   1. First/last name
   2. SSN
   3. Birthday
   4. ID type with number and state
   5. Active duty military or dependent? Y/N
   6. Address
   7. Own or rent
   8. Date you moved into your current home
4. Marital status
5. Income information
   1. Income source (employed, military, self-employed, retirement/pension, or government assistance)
   2. Fill in the relevant information (will change depending on your answer)
6. Banking information
   1. Routing number
   2. Account number
   3. Debit information (card number, expiration date, name on card, billing zip)
7. Read and sign the disclosures and perform a hard credit check 

Sign your paperwork if approved and wait for the money to get deposited

What are other loans like Avio Credit 

If Avio Credit doesn’t seem like a good fit for your situation, you do have options. A few viable lenders to consider include: 

• MoneyKey: This is a direct online lender that offers emergency installment loans, line of credit loans, and payday up to $2,000 for people with bad credit. 
• Opploans: You can choose from $4,000 payday loans, debt consolidation, and installment loans with this online lender with no hard credit check. 
• eLoans Warehouse: This tribal lender allows you to borrow up to $2,500 with an installment loan.

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