If you are looking for a personal loan to help you through some hard times, you need to know Grace Loan Advance, they offer loans between $100 and $35.000.
Grace Loan Advance is a marketplace lending platform that offer personal loans, the company was founded in 2015, and is a Los Angeles based business. The loans are available for residents of all 50 states and Washington, DC.
GRACE LOAN ADVANCED
REPAYMENT FLEXIBLE INTEREST RATES ARE VERY REASONABLEIf you want to know more about how the Grace Loan Advance Personal Loan works and how to apply, continue reading.
Grace Loan Advance Personal Loan
Grace Loan Advance is a lending platform that connect borrowers with third-party personal loan providers, Grace Loan Advance is not a direct lender, this is an important information you should be aware. They work to provide short-term personal loan, that can be in the form of cash advance or payday loans.
They offer loans up to $35.000, the lowest amount they offer is $100. Even if they offer loans up to $35.000, they specialized in connecting costumers with low credit to lenders, so most of the loans offers are smaller than that.
Another important thing is that Loanhas loan terms between 61 days up to 72 months, most lending platform offer loan terms up to 60 months, so this is another great differential in this platform. Besides that, they have fast-funding, meaning that after your loan is approved, the money will be on your bank account within a business day.
More about Grace Loan Advance Personal Loan
Like we said before, the Loan is not a lender in itself, but they are a platform that connect their customers with multiple lenders. With that you can have access to multiple loan options from different lenders, being able to choose the one that is best for you.
Grace Loan Advance does not charge an origination fee or any other type of secret fees, but the lender you choose may charge some fees, the lender is obligated to full disclosure all fees they will charge you before you sign-up your loan, so read all the information with care.
The loans offered through Grace Loan Advance have an APR between 5.99% and 35.99%, this will depend of the lender, of the amount you borrow and of course of your credit score, even though, Grace Loan does not have a minimum FICO score required, the higher your score, better loan rates and terms you can get.
Requirements of the Grace Loan
As we said before, the Grace Loan Advance is a not a lender, this website is a tool that help anyone that need a loan, to get in contact with personal lenders, that offer lower interest and faster than in more common traditional bank and credit issuers. One of the main advantages of this method of loan is that you get the money the next business day, after the loan is approved.
There are some criteria you need to meet to be able to apply for the Loan, they are:
- Minimum 18 years old.
- Be a U.S citizen or a permanent resident or green card holder.
- Currently employed or receive steady income
- Valid savings or checking personal account
- Have a driver’s license
It is important to know that Loan does not establish a minimum income requirement, but they require prove that you are employed or have a steady income. Besides that, some lenders can impose some additional requirements.
Main Benefits of the Loan
The Loan Advance is a free website that allows borrowers to connect with personal lenders, this method has some great benefits, such as:
- Apply through Grace Loan Advance website, the application is fast and you can see the loan options within minutes.
- No origination fees or other hidden fees
- Fast-funding, receive your money after one business day
- Loans starting on $100 and up to $35.000
- Loan terms starting with 61 days up to 72 months, more than most lending platforms offers.
Apply To Loan
If you are over 18 years old, have an income, and a valid bank account you can apply for a personal loan on the Grace Loan Advance website, you will need to answer a pre-qualification questionnaire to be able to see the loan options available for you, before sign-up the loan contract.
To know more details about the Grace Loan Advance Personal Loan, keep reading our article.
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