Regions Bank is using Avant’s tech platform to provide a digital experience for the bank's customers that want a consumer loan. Customers apply for a loan through the AvantPlatform through on the Regions website.
“Working with Avant, we will be able to offer a better online experience, while maintaining our commitment to responsible lending -- something that benefits customers, the community and our shareholders,” said Logan Pichel, executive vice president and head of Consumer Lending for Regions Bank. “Regions is pleased to pair our expertise in service and traditional bank lending with a trusted and proven FinTech leader like Avant.” The Regions/Avant co-branded loan application process will be made available during the second half of 2016. Customers may apply for an unsecured personal loan through the AvantPlatform on the Regions website -- http://www.regions.com. Applicants are assessed and receive an immediate credit decision, followed by automated verification steps for final approval. Loans sizes range from $1,000-$35,000 and many applicants may have access to funds as soon as the next business day.