Avio Credit Review

Avio Credit Review

Online installment loans and lines of credit up to $5,000 this legit lender

Home » Personal loans

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. 

  • Flexible loan requirements
  • Multiple loan term types
  • Apply online
  • APRs up to 159%
  • Only available in 10 states
Table of Contents

    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.


    What types of loans can you get through Avio Credit?

    Currently, Avio Credit offers online installment loans and a line of credit loan. The loan terms and amounts vary depending on the state you apply in.

    How do you repay your loan?

    Avio Credit recommends that you set up autopay from your bank account, but you can also call them at 1-888-638-2846 or sign into your account to make a payment.

    What factors determine how much you can borrow?

    Your state, credit score, credit history and income all affect the amount you’ll be approved for.

    What’s the difference between an installment loan and a line of credit?

    Installment loans have a fixed term with regular payments until fully paid off. If you need more money later, you must apply for a new loan. Line of credit loans are like credit cards, with no set term and regular payments as long as there’s a balance. You can take cash advances anytime without applying for a new loan.

    Avio Credit

    Loans: $100 - $5,000

    APR: 80% to 159%

    Credit score: No minimum credit score 

    Application simplicity
    User experience
    Customer Service
    2.3 Overall Rating

    Loan Reviews

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    Best Egg is an online lending platform that helps people who have good to excellent credit get fast loans up to $50,000. Watch out for the origination fee and if you have bad credit you're better off applying elsewhere. 

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    Have bad credit and in an emergency? Get a same-day loan up to $2,000 with MoneyKey. MoneyKey is a legit lender with an easy online application, quick approval and fast funding.

    Red Arrow Loans provides fast funding for loans up to $5,000 and terms up to 12 months. They are a legit lender but watch out for fees and marketing from 3rd party companies. 

    Avio Credit Review