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  Gravity Lending Auto Loans

Gravity Lending Auto Loans

in Auto Loans from Gravity Lending

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Gravity Lending Auto Loans

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Highlights
Highlights
Credit Score Range 660 - 850
Loan Amount $10,000 - $100,000
APR  (Fixed APR) 1.99% - 16.99%
Loan Term (Months) 12 - 94 months

Gravity Lending Auto Loans Review

Gravity Lending Auto Loans is offered by Gravity Lending, a marketplace lending platform founded in 2015 and based in Austin, TX. Gravity Lending Auto Loans is available in 49 states (and Washington, DC).

Gravity Lending Auto Loans FAQ

How much can you borrow via Gravity Lending Auto Loans?

Gravity Lending Auto Loans auto loan amounts start at $10,000 and go up to $100,000.

What APR does Gravity Lending Auto Loans offer on its auto loans?

Gravity Lending Auto Loans offers a fixed APR auto loan product that ranges from 1.99% APR up to 16.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with Gravity Lending Auto Loans?

Gravity Lending Auto Loans has auto loans with terms ranging from 12 to 94 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Does Gravity Lending Auto Loans charge an origination fee?

No, Gravity Lending Auto Loans does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Gravity Lending Auto Loans charge a late fee?

No, Gravity Lending Auto Loans will not charge you a late fee.

Does Gravity Lending Auto Loans charge prepayment fees?

No, Gravity Lending Auto Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like Gravity Lending Auto Loans that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Gravity Lending Auto Loans loan?

Yes, you can. Gravity Lending Auto Loans does not charge a prepayment fee, so you can save money by paying your auto loan early.

What do you need to qualify for Gravity Lending Auto Loans?

Applicants with a credit score of at least 660 and up to 850 may be eligible for Gravity Lending Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with Gravity Lending Auto Loans, applicants need a minimum annual income of $18,000 or higher. Gravity Lending Auto Loans only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Gravity Lending Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Gravity Lending Auto Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Driver's license

What is the estimated funding time for an auto loan via Gravity Lending Auto Loans?

Gravity Lending Auto Loans will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 7 business days of approval.

Does Gravity Lending Auto Loans report your account activity to credit bureaus?

Gravity Lending Auto Loans reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   3432 Greystone Dr, Suite 200
    Austin, TX 78731

Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 4:00pm
  • Tuesday 6:00am - 4:00pm
  • Wednesday 6:00am - 4:00pm
  • Thursday 6:00am - 4:00pm
  • Friday 6:00am - 4:00pm
  • Saturday Closed

Other Services by Gravity Lending

Availability

  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
No Late Fees  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Annual Income $18,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
Credit Score Range 660 - 850
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
Funding Time Range 1 - 7 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Storefront
  • Credit/Debit Card
  • Bank Transfer
Pre-Approved Soft Credit Inquiry  
Loan Amount $10,000 - $100,000
APR (Fixed APR) 1.99% - 16.99%
Loan Term 12 - 94 months

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