Is Grace Loan Advance legit? Reviews, Pros, cons, Requirements and Contacts

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By Dr Annette

In a world where financial uncertainties loom large, the quest for reliable and trustworthy lending services has become more crucial than ever. Amidst the myriad of online lending platforms, Grace Loan Advance has emerged as a prominent player, offering seemingly convenient financial solutions.

However, with the prevalence of online scams and fraudulent activities, it is only natural to question the legitimacy of such services.

In this exploration, we delve into the depths of Grace Loan Advance to scrutinize its legitimacy, transparency, and overall credibility.

As borrowers increasingly turn to online platforms for financial assistance, it is imperative to ascertain whether Grace Loan Advance is a beacon of financial relief or a potential pitfall. Join us on this investigative journey as we uncover the truth behind the curtain of Grace Loan Advance and seek to answer the burning question: is it truly legit?

What is a Grace Loan Advance?

Grace Loan Advance operates as a loan connection service, acting as a middleman between borrowers and potential lenders. They connect individuals seeking personal loans with a network of lenders, aiming to match them with suitable offers based on their financial profile. While they don’t directly provide loans themselves, they facilitate the loan application process.

Grace Loan Advance operates as a loan marketplace, not a traditional lender itself. Here’s a breakdown of what they do:

  • Connecting Borrowers and Lenders: They act as an intermediary platform that connects potential borrowers with lenders in their network based on the borrower’s information.
  • Streamlined Application Process: By applying through Grace Loan Advance, you can potentially get matched with multiple lenders with a single application, saving time and effort compared to contacting each lender individually.
  • Variety of Loan Options: They may offer a variety of loan options from different lenders in their network, allowing you to compare interest rates, loan terms, and borrowing amounts to find the best fit for your needs.

Things to consider

  • Interest Rates and Fees: Since it connects you with various lenders, the interest rates and fees will vary depending on the specific lender you’re matched with. It’s crucial to compare rates and terms carefully before accepting any loan offer.
  • Not Guaranteed Approval: Even though you submit an application through Grace Loan Advance, there’s no guarantee of approval. Each lender has its creditworthiness criteria, and your application will be evaluated based on those standards.
  • Read the Fine Print: Before accepting any loan offer, ensure you understand all the terms and conditions, including the repayment schedule, interest rates, late fees, and any other potential charges.

Alternatives to consider

  • Traditional banks and credit unions: These institutions might offer personal loans with competitive rates, especially if you have good credit.
  • Online Lenders: Other online lenders may offer personal loans directly, allowing you to compare rates and terms before applying.


Grace Loan Advance can be a convenient option for exploring loan possibilities from various lenders. However, carefully compare rates, terms, and fees before committing to any loan.

It’s also wise to consider traditional banks, credit unions, or other online lenders to ensure you’re getting the best possible deal.

Is Grace Loan Advance legit?


Yes, Grace Loan Advance is a legitimate platform that connects borrowers with lenders providing personal loans. With purportedly competitive interest rates and adaptable terms, the company positions itself as a viable choice for individuals in need of swift access to cash..


  • Wide Lender Network: Grace Loan Advance boasts access to a diverse network of lenders, potentially increasing the chances of finding a loan offer that aligns with your needs.
  • Transparent Process: They claim to offer a user-friendly and transparent online application process, making it easier for borrowers to navigate the loan search.
  • No Upfront Fees: Grace Loan Advance states that they don’t charge any upfront fees for their services, making the initial application process cost-free.


  • Limited Information: User reviews and online discussions highlight concerns regarding the lack of transparency surrounding specific lenders and the interest rates associated with potential loan offers.
  • Potential for Scams: As with any online service, the risk of encountering fraudulent lenders attempting to exploit borrowers exists.
  • Mixed User Experiences: While some users report positive experiences, others raise concerns about difficulty in contacting customer service and the overall effectiveness of the platform in connecting them with suitable loans.

Basic Loan Requirements

  1. Must be at least 18 years old.
  2. Must be a U.S. citizen or permanent resident.
  3. Currently employed or receiving a steady income.
  4. Have a bank account to receive the funds, ideally with a direct deposit.

APR, Total Loan Costs & All Applicable Fees

Loan Amount Interest Rate Loan Term (Months) Fee Cost Monthly Payment APR Total Payments Total Costs
$1,000 24% 12 $30.00 $94.56 -1086.53% $1,134.72 $2,910.00
$2,000 19% 24 $100.00 $100.82 -1139.51% $2,419.61 $9,220.00
$5,000 13% 48 $400.00 $134.14 -1167.81% $6,438.60 $31,600.00
$10,000 8% 60 $1,000.00 $202.76 -1175.67% $12,165.84 $49,000.00

Grace loan advance customer reviews

People online have different opinions. Some say it’s good because applying is quick and easy, and the interest rates are competitive. However, others complain about hidden fees and high-interest rates.

Positive Reviews

“I would recommend Grace Loan Advance to anyone who needs a quick and easy loan.”

“I was very happy with my experience with Grace Loan Advance. The application process was simple, and the funds were deposited into my account within 24 hours.”

“I was able to get a loan quickly and easily with Grace Loan Advance. The interest rate was lower than I expected, and the customer service was great.”

Would Recommend: “Bills and a get a car and get some furniture and get and apartment and pay back some of my school loan.”

“It’s great, and I hope to floats extremely great. Thank you”

Negative Reviews

“They took my bank information, and then somehow I was logged out of their site and all these other loan places are emailing and contacting me. They told me I was approved after my dad and husband both died. of COVID and going through hard times. What the hell is this shit??!!!”

“New to this service , desperate need so I searched around and came over . With this in mind that I discourage awareness campaign . It is up to those individuals to look around”

Grace loan advance Contacts is run by RBD Enterprises, LLC.
Address: 4470 W Sunset Blvd #91234 Los Angeles, CA 90027
Telephone Number: (424) 317-8925
Email Address:


While Grace Loan Advance offers a potentially diverse network of lenders, significant concerns exist regarding the platform’s transparency and the overall reliability of its services.

If you’re considering using it, extreme caution and thorough research are crucial. Remember, prioritizing responsible borrowing practices and independent research are key to navigating the complex world of personal loans and making informed financial decisions.


What is a grace period for a personal loan?

A grace period for a personal loan is a short period at the beginning of the loan term where you are not required to make any payments towards the principal amount (the money you borrowed).

However, interest will still accrue during the grace period, meaning you’ll owe more money overall. The grace period typically lasts 15-30 days, and the specific length will be outlined in your loan agreement.

How does Grace Loan Advance work?

To get a Grace Loan Advance, you just have to share some basic details about yourself, like your name, where you live, and how much money you make.

You also need to let them know your credit score. After that, Grace Loan Advance will find a lender who can give you a loan that fits your requirements.

What happens when loan grace period ends?

Once the grace period on your loan ends, you must begin making regular monthly payments towards the principal and interest. Your loan agreement will outline these payments, which usually comprise a fixed amount paid each month until you fully repay the loan.

It’s crucial to make your loan payments on time and in full to avoid late fees and potential damage to your credit score. If you anticipate difficulty making your payments, contact your lender as soon as possible to discuss your options.


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