Is Grace Loan Advance Legit? Expert Focus

Is Grace Loan Advance Legit

Before we answer the question “Is Grace Loan Advance Legit? lets get a general overview of what Grace Loan Advance is.

What is Grace Loan Advance?

Grace Loan Advance is an indirect loan lending platform that offers personal loans to borrowers through its lending platform. What this website does is to collect borrowers personal information and redirect the details to partners in its lender network. 

No, they don’t offer you loans directly but can connect you with lenders that can give you the amount you need. In case you are wondering, Grace Loan Advance allows you to compare rates and terms making it easier for users to find the best loans that meet their needs. To get started, visit to explore more.  

Grace Loan Advance Overview 

Personal loans can be a great way to finance a large purchase or consolidate debt. But with so many lenders out there, finding the right one to start with can be a tough search. In that case, it’s important to compare offers from multiple lenders before making a decision.

Grace Loan Advance is an indirect lending service established in 2015 in Los Angeles, CA.  The company has its presence in 50 States across the country. Recently, there have been lots of questions thrown on the internet concerning the genuinity of Grace Loan Advance.  

Is it the right choice for your financial needs or should you find a better alternative? You will get your answer here in this article. However, after taking a thorough research of their services and going through their website, terms and conditions we found out some unique things about this company.  

The company does not offer loans directly instead it collects your personal information and forwards it to partners in their lender network. That way, you can compare rates and terms of different lenders to make informed decisions on which to settle for.  Read further to learn more about Grace Loan Advance.  

What You Need to Know 


Loan Amounts  Loan amounts vary from $500 and $35,000 but not all lenders can provide up to $35,000.
Annual Percentage Rates (APR)  It offers a variety of personal loan products with variable APRs ranging from 5.99% to 35.99%.
Time Frame  APRs are subject to change at any time.
Loan Repayment Terms  It offers loans with terms of up to 72 months.
Availability  Loans are available in 50 states (and Washington, DC).

How does Grace Loan Advance work?

The process is simple, easy, and fast. At Grace Loan Advance, you get referred to lenders that meet your financial needs and can offer you the money you want seamlessly. They have a safe and secure online form where you will be asked to fill out some personal information. 

The application is usually swift and can be completed within minutes with your loan disbursed to you afterward.  Once your application is approved by the lender you will get an approval notification and your account will be funded with the amount you applied for. This usually happens the next business day.  

How to Qualify?

Grace Loan Advance likewise every other indirect lending service has certain requirements you must fulfill to be a beneficiary of its offers.  In the case of Grace Loan Advance, you must be at least 18 years old or older and a U.S. citizen or Permanent Resident. 

It is also required that you are currently employed and have a steady income.  Lastly,  you will need valid bank account details wherein you can receive your loan funds, precisely with direct deposit. Fortunately, Grace Loan Advance Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. 

Grace Loan Advance Pros & Cons 

While Grace Loan Advance can be a good resort for anyone who is looking to get connected to lenders it is very important that you understand the pros and cons that come along with it to be sure it is the right choice for your financial needs. Check out the pros and cons of Grace Loan Advance below: 


  • Low APRs available to qualified borrowers.
  • Loan options with a $0 origination fee.
  • Considers applicants with a fair credit history. 
  • Funding is available within 1 business day.


  • APRs as high as 35.99%.
  • Does not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee
  • No co-sign option.

Why get a Personal Loan from Grace Loan Advance?

Without mincing words, a service like Grace Loan Advance could be your lifeline because of its wide range of loan offers from $500 up to $35,000. This is a really appealing range of options that other alternative services don’t offer. Moreover, from the application to the disbursement process can all be completed online, and once approved your loan funds can be deposited into your provided bank account. 

Is Grace Loan Advance Legit? 

Whether Grace Loan Advance is legit or a scam still remains a debatable topic online because of its scarce customer reviews so it is difficult to say if it’s legit or not. However, since some sources claim that it is legit and can be trusted which we can’t say for a fact, it is crucial that you consider rates and terms before taking out a loan whether for personal or business purposes.  

In as much as we are yet to verify its legitimacy, you can opt for other alternative services with positive customer reviews to pick the best option for your needs.

Do you know If yes, leave your remark in the comment section below.  

Frequently Asked Questions (FAQs) 

What interest rates does Grace Loan Advance Personal Loans offer?

Grace Loan Advance offers a variable Annual Percentage Rates (APR) personal loan product that ranges from 5.99% APR up to 35.99% APR.

How much can you borrow via Grace Loan Advance?

Grace Loan Advance offers loan amounts from as low as $100 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.

Does Grace Loan Advance charge a late fee?

No, unlike other indirect loan lending services, Grace Loan Advance will not charge you a late fee if you miss one of the monthly payments.

How to cancel Grace Loan Advance? 

It can be a tough ride trying to cancel Grace Loan Advance especially if the loan has already been dispersed. Hence, it is important that you consider your decision before taking out a personal loan to avoid issues like this. Since most personal loans cannot be reversed or canceled you should be certain that you want the loan to avoid any change of mind later on.  

In conclusion is you are asking “Is Grace Loan Advance Legit?” you need to follow all the information in this guide, you can also speak to a beneficiary to clear your doubt.


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