Last Updated: 04/18/2025
SuperMoney User Recommendation Score +17
Mostly recommended6 total votes
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Highlights
Community Rating
Mostly recommended
APR (Variable APR)
5.99% - 35.99%(Verified 06/21/2024)
Amount Range
$100 - $35,000
Loan Term (Months)
Up to 72
Number of Reviews
Grace Loan Advance Personal Loans Review
Grace Loan Advance Personal Loans is offered by Grace Loan Advance, a marketplace lending platform founded in 2015 and based in Los Angeles, CA. Grace Loan Advance are available in 50 states and Washington, DC.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. Personal loan interest rates typically range between 9% and 36%. The starting rates for Grace Loan Advance Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, Grace Loan Advance will send the money in as little as 24 hours.
- No origination fee. Grace Loan Advance Personal Loans does not charge a loan origination fee.
- Super long loan terms. Grace Loan Advance Personal Loans offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.
Grace Loan Advance Pros & Cons
| Pros | Cons |
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Grace Loan Advance FAQ
What interest rates and personal loan terms does Grace Loan Advance offer?
Grace Loan Advance has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Grace Loan Advance offer?
Grace Loan Advance offers a variable APR personal loan product that ranges from 5.99% APR up to 35.99% APR.
How much can you borrow via Grace Loan Advance?
Personal loan amounts start at $100 and go up to $35,000
What is the maximum loan term you can get with Grace Loan Advance?
Grace Loan Advance offers loans with terms of up to 72 months.
| Personal Loan Amount | $100 - $35000 |
| Loan Term | up to 72 months |
| APR | 5.99% - 35.99% |
What fees does Grace Loan Advance charge?
Does Grace Loan Advance charge an origination fee?
Grace Loan Advance does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Grace Loan Advance charge a late fee?
Grace Loan Advance does not disclose whether it charges late payment fees.
Does Grace Loan Advance charge prepayment fees?
No, Grace Loan Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | up to 0% |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for Grace Loan Advance Personal Loans?
When it comes to credit scores, Grace Loan Advance Personal Loans doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Grace Loan Advance Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Grace Loan Advance Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking or savings account
- Proof of income
- Bank account information
- Driver's license or other government photo ID
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| Credit Score | 300 - 850 VantageScore |
What is the estimated funding time for a personal loan via Grace Loan Advance?
Grace Loan Advance will typically fund loans starting at 1 business day of approval and clearing necessary verifications.
Does Grace Loan Advance Personal Loans report your account activity to credit bureaus?
Yes, Grace Loan Advance Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Grace Loan Advance perform a hard credit pull?
Yes, Grace Loan Advance performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Grace Loan Advance Personal Loans legit?
Grace Loan Advance was founded in 2015, it is a well-established company that has been in business for 11 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +17, or 3.3 on a 5-point rating scale.
+17
-1000+100
No one recommends
Everyone recommends
Grace Loan Advance Personal Loans Community Reviews
Would you recommend Grace Loan Advance Personal Loans to your friends?
AN
Aii N.
Sep 27, 2023
May or may not recommend
New to this service , desperate need
so I searched around and came over .
With this in mind that I discourage awareness campaign . It is up to those individuals to look around
AC
Angela C.
Aug 24, 2023
May or may not recommend
Pi have just begun this process. I will k ow better if I would recommend when the process is over.
JD
Jennifer D.
Jul 25, 2023
May or may not recommend
They took my bank information and then somehow I was logged out of their site and all these other loan places are emailing and contacting me. They told me I was approved after my dad and husband both died.of COVID and going through hard times. What the hell is this shit??!!!
AH
Akeria H.
Jul 22, 2023
May or may not recommend
Bills and a get a car and get some furniture and get and apartment and pay back some of my school loan.
JU
John U.
Feb 8, 2023
May or may not recommend
Good day sir/ma,
I haven't received any but I believe it could be given to me and I knw I am very good in advertising and making some sales to the public. So referring my friend could be an easy and simple thing for me but I will like make a confirmation and also have a prove to convince him or her the more.
Thanks.
U
Anonymous
Dec 9, 2022
May or may not recommend
It's great, and I hope to floats extremely great. Thank you
Showing 6 of 6 reviews
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