Gravity Lending summary
- Rates as low as 1.99%
- Fast application process
- Simple lending terms
- Additional loan protections included
- Not a direct lender
- Need to apply for credit to get rates
Online application but no learning resources
Customer services and support
Multiple ways of reaching lender but limited hours
Offers all loan types*
Offers flexible repayment plans & the option for special repayment programs
Eligibility (credit score)
Doesn't cover bad credit
Gravity Lending is suitable for those who want a quick and easy process to refinance their auto loan. They work with a variety of other lenders to connect you with competitive rates and terms, based on your credit profile (note: personal and student loans are coming soon).
Gravity Lending offers auto refinancing loans today. Coming soon is the ability to get student loans, personal loans, and home improvement loans. To start, you’ll get low rates and the simplest terms on the market. This is because Gravity connects you to a variety of other lenders who compete for your business.
In addition, their process is streamlined (more on this below) and funding happens fast. So essentially, you can refinance your auto loan in a matter of minutes without leaving your couch.
Gravity also offers protection on your loan. First, you’ll be eligible to receive Guaranteed Asset Protection (GAP) which typically pays the difference between the cash value of your vehicle and what’s owed to the lender if you have a total loss. You’ll also be eligible for a Vehicle Service Contract (VSC), which is like a warranty but is more of an agreement to pay for specific repairs to your vehicle if needed. Finally, Gravity offers Depreciation Protection, which helps cover the value of your car where GAP protection can’t.
Gravity Lending Highlights:
- Fast application and lending process
- Excellent rates and lending terms
- Expedited funding
- Additional protection
- Multiple loan options
- A+ Better Business Bureau rating
The application process with Gravity Lending is easy, and there are four steps you need to take:
- Contact information. You fill out your basic contact information such as your name, email, and phone number.
- Loan request information. Enter your vehicle make, model, and year, as well as mileage, estimated payoff amount, and VIN number (optional).
- Applicant information. Fill out a loan application with your detailed information, such as your date of birth, Social Security Number, residential information, and employment information.
- Disclosures and submit your application. The final step is to read their disclosures and give Gravity Lending permission to run your credit, at which point you’ll be presented with loan options if you’re approved.
The entire process takes about 5 minutes, assuming you have the information mentioned above handy. The initial pre-approval is based on a soft pull of credit, intended to make sure you like the offers before a hard credit inquiry is run.
Loan Types and Terms
Gravity Loans connects you to other lenders for competitive rates and loan terms. Because of that, they don’t list specific loan terms on their site. Regarding loan types, their main product is an auto loan - which you can get for as low as 1.99%. You’re also able to apply for a home improvement loan and coming soon is the ability to get student loans and personal loans.
Gravity Lending doesn’t list specific lending requirements, either, since they’re a marketplace and each lender they work with will have their own lending requirements. However, you will have to enter your employment information, housing information, and your credit will be reviewed -- which will all ultimately determine the rates and terms you’re offered.
Since Gravity Lending is a lending marketplace, they do not list specific loan repayment terms. That will be determined by the individual lender you go with.
How Safe Is It?
Gravity Lending is about as safe as any other online lender. While they can’t entirely prevent malicious attacks and hacking, they do take every measure they can to protect your secure information. Your information is safeguarded through encryption and firewalls to prevent unauthorized usage. Also, only those who need to see your information will (i.e., lenders willing to give you a loan).
Help & Support
Gravity make it easy to contact them in a variety of ways. First, you can contact them directly by calling 877-822-8404. You can also contact them on social media, including LinkedIn, Facebook, Twitter, and Instagram. Available Monday - Friday 8:00am - 6:00pm.
How Gravity Lending Compares
3.49% - 4.27%
|Minimum credit score||600||None|
|Loan amounts||Up to $100,000||Up to $300,000|
|Loan term||25 - 84 months||Varies|
|Suitable for||Fast & easy auto loans||Multiple loan options|
Overall, we’re impressed with Gravity Lending. They’re a newer company (founded in 2015), but already have a stellar rating with the Better Business Bureau and excellent customer reviews. If you’re looking purely for an auto loan and you want a fast and easy process, Gravity Lending is a great choice.
3432 Greystone Dr, Ste 200
Austin, TX 78731