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Gravity Lending Auto Refinance Review


ConsumersAdvocate.org Rating: 4 / 5 (Very good)
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Founded in 2015, Gravity Lending is a loan marketplace based in Austin, Texas. The company connects borrowers to multiple auto loan refinancing and home improvement loan offers via a simple online form. Gravity Lending operates in 37 states nationwide.
 
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Call: (888) 804-0499

How is Gravity Lending rated?

Breakdown

4.0/5
Loan Details
4.0/5
Customer Experience

Overall Rating: 4 / 5 (Very good)

If you're considering refinancing your auto loan, Gravity Lending offers a free service that can save you time and money. The company's loan-matching technology does a lot of the legwork required to find the right loan for you. As a borrower, you can complete a simple, three-minute application. Gravity then researches the best deals available to you, selecting offers from its large network of associated lenders and delivering a personalized set for you to compare.

Auto Loans & Refinancing

Loan Details - 4 / 5

You can refinance your existing auto loan, borrowing anywhere from $10,000 to $150,000 through Gravity Lending. That makes the marketplace a good fit for those who have expensive vehicle loans. You're able to choose which repayment term works best for your budget with options ranging from 24 to 84 months. That kind of flexibility makes it a great choice for those interested in short- or longer-term auto loans than you typically see with other lenders.

Types of Loans Offered

Purchase Loans
Refinance Loans
Lease Buyout
Private Party Purchase

Loan Refinancing

Min. Loan Amount
$10,000
Max Loan Amount
$150,000
Min. APR
5.49%
Min. Term Length
24 months
Max Term Length
84 months

Loan Qualifications

Qualification - 4 / 5

Gravity Lending's qualification requirements are pretty lenient. You only need a credit score of 620 or higher, so it's a great option for those with fair credit who may have had trouble getting an auto loan elsewhere. Each lender may have different criteria for its borrowers, but because Gravity Lending works with many lenders, it can save you time by helping you quickly identify the lenders that are willing to work with you.

Borrower Qualifications

Minimum Age
Must be 18 or older
Minimum Income
$1,800
Minimum Credit Score
620
US Citizenship Requirement
No
Verification / Documents Required
Social Security Number

Vehicle Qualifications

Mileage Limit
150000
Car Age
Model year 2010 or later
Car Makes
No commercial vehicles

Application & Service

Customer Experience - 4 / 5

You can apply to refinance your auto loan online in as few as three minutes. Gravity Lending will conduct a soft credit check, which doesn't hurt your credit score, to see what loans you might qualify for. Then it matches you with offers from top lenders who are likely to be willing to work with you. That saves you the time of engaging with a lot of lenders only to find that you don't meet their qualifications.

Because Gravity Lending is a marketplace that works with multiple lenders, it's difficult to say precisely how long it will take for you to get approved and receive loan proceeds. This will vary depending on which lender you end up working with.

Though Gravity Lending doesn't charge any fees for its services, bear in mind that different lenders may assess fees of their own. That's an important factor to consider when comparing lenders.
Approval Time
Same day
Funding Time
1-7 days
Fees
Gravity Lending is a free service. Lender fees may apply when you take out a loan.
Benefits/ Features
Online Rates / Application
Pre-approval Soft-credit Inquiry
Auto Loan Calculator

Gravity Lending Reputation & Reviews

Reputation - 4 / 5

Gravity Lending has only been around for a few years, but it's already garnering positive feedback from customers. It has an A+ rating with the Better Business Bureau and a 4.8 out of 5 on Trustpilot. That's certainly an indication that many customers are happy with the service and find it easy to use.

Gravity Lending earns 4.8 out of 5 stars on Trustpilot. Consumers praise the company for saving them money.

Because Gravity Lending is a marketplace and not a direct lender, it's a good idea to research the reputation of the lender (or lenders) Gravity matches you with. Since Gravity Lending only works with established Federal Credit Unions, but it's always good practice to know your lender before you sign on the dotted line.
Trustpilot Rating
4.8 out of 5
BBB Rating
A+
Number of BBB Positive Reviews
1
Number of BBB Neutral Reviews
0
Number of BBB Negative Reviews
0
Date Collected
2020-09-11

Contact & Additional Information

Lender Type
Marketplace
Homepage URL
https://www.gravitylending.com/
Company Phone
(888) 602-1125
Headquarters Address
3432 Greystone Dr., Ste. 200, Austin, TX, 78731
Year Founded
2015

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Customer Comments & Reviews

Loading Reviews ...
duhawkman4243
12/9/2021
I went online with Lending Tree looking for an Auto Refinance company, I received quotes from Gravity Lending, so I responded which rate would fit my circumstance. I received a text from a Senior Loan Officer that was to be followed up with a telephone call to discuss the program. Three days later and no call at the suggested times I gave him. I did get a 2nd text apologizing that the 10 AM time did not work for him. I then set up a new date and times of 9 AM or 3 PM, but no CALL... What is up with this POOP SERVICE?

luprickett
6/19/2021
Gene G. at Gravity Lending, put together a great loan for me that I'm very happy with, but that's the least of it. I had a dozen or so lenders call me from Lending Tree about refinancing. He was the only one who was willing and capable of accommodating my hearing disability. Literally, the only one. He went well out of his way to take care of me through text and email, so that I never had to pick up a phone. If you have a disability, or love someone who does, or just want to support a good, non-ablest company, this is the one. And you'll get a good loan, to boot. I don't ever want to go elsewhere again.

D
Dave R
5/4/2021
Excellent service and very easy process to refinance! Got me a very low rate!

J
John J
4/3/2021
In the process of getting my loan I had a offer to trade the car i had so i asked if they could put the app. on hold. so they did and the trade felled so i said to go a head with the Loan and they did.

Our Partner
  • No markups or hidden fees
  • Minimum credit score of 580
  • Minimum loan amount of $15,000
  • Complete your refinance in as little as 3 days
  • Take a break from payments for up to 90 days
(888) 804-0499
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