grace loan advance reviews

Grace Loan Advance Reviews: Legit or Scam?

Sometimes, money can put a big question mark on our dreams. With an average job, you have to think a thousand times before buying a car or just going on vacation with your family. 

Even when you decide to take a personal loan for your needs, the question of which one to choose out of so many options can hold you back. 

If you’re here, you must be scrolling through various grace loan advance reviews. Well, it is time you stop your hunt. 

Today, we will provide you with a complete guide to a recently started company, Grace Loan Advance. If you want to know whether Grace Loan Advance is the right choice for you or not, keep reading this grace loan advance review

Description 

When choosing a company to take a personal loan, many questions come to mind, such as the amount of loan they offer, the duration of the loan, extra fees and more. 

Grace Loan Advance has many legal loan Singapore options according to the different needs of an individual. It is flexible in terms of the application and funding process. 

More about Grace Loan Advance 

Even though the Grace Loan Advance is new when compared to other companies, it offers many more options than most financiers. You can apply for a personal loan with Grace Loan Advance online. If your application gets approved, you can receive the funding in your preferred bank account within no time. 

How does Grace Loan Advance work? 

Grace Loan Advance offers a wide range of loan amounts to choose from. It lets you take out a loan starting from $1,000 to $100,000 which makes it suitable for people who want to take out small loans as well as big ones.

Having said that, you must remember that you can’t take any amount of your choice. For instance, loan amounts start from $1,000 and can go up to $500 increments which means if you want to borrow $2,800, you will have to take out a loan of $3,000.

Also, just like any other financier, it charges a late fee. So, you need to be extra careful about paying your instalments on time. But, you can ask your licensed money lender in Singapore for a waiver in case you have an emergency. 

How can I apply for a personal loan with Grace Loan Advance? 

If you check the criteria carefully, it doesn’t mention anything. But you need to be at least 18 years old with a minimum monthly earning and credit score. The exact details for the same aren’t mentioned anywhere on the website. 

The application process for Grace Loan Advance isn’t complicated. You just need to visit their official website and enter the required personal details, such as your social security number, address, employment status and more. 

If it gets approved, you will receive a confirmation email. From here, you can discuss your agreement and other aspects of the loan. 

For your clarity, we have mentioned the interest rates and term lengths below. 

Interest Rate: 5.99%

Term Lengths: 61 days to 72 months 

Final Verdict 

So, is grace loan advance legit? It’s difficult to say that Grace Loan Advances is a good choice to make because of its lack of transparency. Though it offers a wide range of loan amount options, it doesn’t reveal extra fee charges until your agreement is final. 

Did you find this review by Accountiod helpful? 

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