Are you preparing for a home renovation or some expensive health care procedures? In that case, a personal loan can certainly be helpful. But most options are quite limited, as low as $2,000 or $10,000, which may not be enough. This is why the Grace Loan Advance is a great option. With it in hand you can get up to $35,000 with low interest rates and also some advantages that help you to have a better financial condition.
Grace personal loans are among the most popular in the United States, connecting borrowers with independent third-party lenders who can provide loans ranging from $100 to $35,000.
Also, it is worth noting that the minimum repayment period starts from 61 days of repayment, and the maximum repayment period you can get with independent lenders is 72 months, which applies to larger loan amounts.
Pros and Cons for Grace Loan Advance
There are some pros to using Grace Loan Advance. This service offers a minimum loan amount that is really reasonable for most of the US, $100 and maximum of $35,000, but that depends a lot on the property. We’ll talk a little more about that later.
Other advantages you may want to check out include:
- Many financial options
- Get APR 5.99% – 35.99%
- Repayment in up to 72 months
- Business day financing available
- Considers applicants with fair credit
- Loan options with $0 origination fee
- Apply for loans from $100 – $35,000
- Low APRs available to qualified borrowers
- Documentation and minimum information
If you are looking for a great loan for any need, take advantage of Grace Loan Advance because of all these advantages above.
Cons for Grace Loan Advance
When you research personal loan providers, it is important to know that no service is perfect. Such is the case with Grace Loan Advance which has some cons that users should consider before actually taking out a loan. Learn about the main problems we found with this service to see if it is perfect for you:
- APRs As High As 35.99% – according to the higher loan withdrawal amounts, these rates can end up going up and weighing on the borrower’s pocket.
- Does Not Offer Soft Credit Pull Pre-Approval – the entire verification process is not done smoothly, and may hinder your credit score when doing pre-approval.
- Charges Prepayment Fees, Late Fees, and Are Not Clear – these fees are not transparent enough for borrowers to review the terms until the loan is approved.
How to Qualify for Grace Loan Advance
According to Grace Loan Advance the company makes its decisions based on each unique credit profile, analyzing many details. This means that even if you have a good credit score, it is not guaranteed that you will get an approval at the desired rates.
However, we have brought some details that can help you have the best chance of getting the perfect loan:
- Be over 18 years old
- Be a US citizen
- Have a valid government issued ID
- Have a bank account
- Have a valid email address
- Have a valid telephone number
- Have a stable income
How to Apply
The Grace Loan Advance qualification process actually begins with an online form that you must fill out with some personal information on their website.
You will need to take your documents, scan them, and submit them, awaiting a response from the bank. In less than 48 hours you will have a positive or negative result.
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