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Gravity Lending Review

Andrew Omalley Andrew Omalley Last update:
Est. APR
1.99% - 4.9%
Max loan
$100,000
Term
25-84

Overview

Gravity Lending is a Texas-based car loan marketplace that has been in the space since 2015. Its main offering is refinancing existing auto loans, placing a focus on low-interest loans. The company works with over 100 reputable credit unions, so you have good peace of mind that you are dealing with legit entities. Gravity Lending does not charge the customer any fees for their service and currently operates in all 50 States and Washington DC.

This Gravity Lending review is going to look at all the main aspects of getting a car loan through this lender.

Car Loan types Car Loan Refinancing
Loan amount  Varies
Repayment terms 25-84 months
APR Starting at 1.99%
Minimum credit score Varies
Lender type Market
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Best for:

  • People looking for low-interest car loans
  • A fully online process
  • Access to a wide range of lenders

Pros & Cons:

Pros

  • Offers very competitive APRs
  • Good variation of repayment term lengths
  • Deals with legit lenders
  • Fully online application process
  • Well-respected company

Cons

  • Exact loan terms vary depending on the lender

Application Process

If you are looking to get a car refinancing loan with Gravity Lending, there is a fast and secure application process. Everything can be done online, which makes the entire process extremely efficient.

The pre-qualification process is very seamless, taking less than 90 seconds to complete. You simply answer a few straightforward multiple-choice questions regarding your personal and vehicle information. You will then be given a quote for a car loan that is tailored toward your particular situation.

Only a soft credit check is necessary at this point. You will then be presented with relevant loan offers from various reputable lenders. If you like the terms of the loan that Gravity Lending is offering, you can then proceed with an official application.

A hard credit check will be necessary at this point. You also will need to upload certain documents to verify information, including proof of auto insurance, a valid driver’s license, proof of income, and so on. Once everything has been completed, you can then sign the loan documents electronically. The exact time to funding will depend on the particular lender that you decide to go with.

Terms & Requirements

There are always going to be different types of terms and requirements associated with any loan that you are getting. As Gravity Lending is a marketplace, the specific terms are going to vary depending on which lender you ultimately go for. Here is a general overview of what you can expect:

Car Loan Requirements

There are certain documents that you will need to provide when you are getting an auto refinancing from Gravity Lending. This includes a valid driver’s license, proof of auto insurance, proof of residence, as well as proof of employment and income.

You also need to provide some details about the vehicle that you are getting the loan from, such as the make, model, milage, and year. The credit score requirements also vary depending on the specific lender. Usually, the better the credit score, the more competitive a rate you will get.

Car Loan Terms

You can get an APR on your Gravity Lending car loan for as little as 1.99%. This will rise depending on certain factors, such as your credit score. There are no fees charged by Gravity Lending when you are getting a car loan. However, the specific lender you go with may have their own fees in place.

Repayment Terms

The repayment term lengths for your car loan will be between 25 and 84 months. The exact terms are going to depend on variables such as your vehicle and credit score, as well as the lender you ultimately go with.

Privacy & Security

Gravity Lending has developed a very good reputation in the auto refinance space since it first launched. It has an A+ rating with the Better Business Bureau and also has very good reviews on objective customer review websites.

As Gravity Lending is a marketplace, it places a major emphasis on ensuring that the sharing of your sensitive data is all done in an appropriate and safe manner. It will only share data when necessary and only when it has your permission to do so. Top-level encryption technology makes sure that your data is kept safe from prying eyes.

Customer Support

There is a good variety of ways through which you can contact Gravity Lending. There is an email address to which you can send correspondence. Otherwise, you are able to give the team a call over the phone.

Gravity Lending phone lines will be open during the week between 8am and 6pm CST, but they are closed on the weekend. You also have plenty of information pages on the Gravity Lending website that you can refer to if you need answers to certain questions.

Final Thoughts

Gravity Lending is a top-quality choice for people who are looking to get an auto-refinance at a competitive rate. The marketplace will pair you with a variety of reputable lenders, allowing you to decide which option is going to be the best possible fit for your needs. Gravity Lending does not charge any fees and the process of finding an ideal lender takes little time at all.

Address

1835B Kramer Lane

Suite 2-150

Austin, TX 78758

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Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Andrew Omalley Andrew Omalley
Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.
This review is based on the writer's personal opinion.