Gravity Lending auto loans: 2025 review

Gravity Lending refinancing is best for minimal fees

Gravity Lending is a marketplace that can help you find a good option to refinance your current auto loan. It encourages borrowers to work directly with a loan officer, which is perfect for those who are nervous about changing their loan. This process provides extra assistance that is not available through all lenders.

Types of car loans Gravity Lending offers

The Gravity Lending marketplace presents borrowers with options for auto loan refinance and lease buyout. While terms and rates vary between lenders, you will likely be offered terms between 36 and 84 months. 

Refinance auto loans

Drivers looking to lower their monthly payments or adjust lending terms can refinance through one of the lenders in the Gravity Lending network. The auto loan refinancing offers you receive can potentially have an APR below the current average rate, but only if you have excellent credit. Otherwise, you will need to use a refinance calculator to ensure you are saving money in the long run. 

Lease buyout loans

A lease buyout is a great way to hold onto your current set of wheels and avoid potentially high fees from your lessor. However, Gravity Lending doesn’t provide much information on its lease buyout process. You will need to contact customer support for details on how it works.

Where Gravity Lending auto loans stand out

• No upfront fees: Like many other marketplaces, Gravity does not charge any fees when you compare lenders. However, the lender you refinance with may still have its own fee structure.
• Online application: The application process is entirely online. You can compare offers and upload your documents without needing to leave Gravity Lending’s website. 
• Delayed payment schedule: Gravity Lending allows borrowers to delay payments for up to 90 days. However, interest will continue to accrue. 
• Availability: Gravity Lending is available in all 50 states and is open to a range of credit backgrounds. You even have the option to add or remove a co-borrower. If you don’t quite meet a lender’s requirements, adding a co-borrower may help you secure a lower rate or better terms.

Where Gravity Lending auto loans fall short

• Long potential funding timeline: Although approval can be as soon as the day you apply, funding can take 10 days or longer.
• Refinancing restrictions: The lenders in Gravity Lending’s network have refinancing requirements. You must have a minimum loan balance of $15,000. Some rivals have a much smaller minimum loan amount.
• Max rate not disclosed: While Gravity’s minimum rate of 4.99 percent is competitive, that rate is reserved for borrowers with excellent credit. It’s not clear how high rates can go for borrowers with lower scores.
• Fees may apply: Gravity Lending doesn’t charge any fees to use its service. However, the lenders in its network might charge origination fees, early payment penalties or late payment fees.

Gravity lending customer resources

Customer support

You can email Gravity Lending at loans@gravitylending.com or call at 888-602-1125. Customer service is available Monday to Friday from 8 a.m. to 6 p.m. CT and Saturday from 9 a.m. to 1 p.m. CT. Specific questions can also be uploaded online through its contact form. 

Digital experience

Gravity Lending’s loan process is entirely online, so the company’s approach is optimized for a smooth digital experience. While the company does not offer an app, the website is extremely mobile-friendly and easy to navigate on any device.

How this lender compares

Gravity Lending vs. RefiJet

Like Gravity, RefiJet works with an expansive network of lenders to match borrowers with refinance or lease buyout loans. Additionally, both lenders offer excellent customer service, accompanied by financial advisors available to guide you through the funding process. RefiJet stands out against the competition for its faster funding timeline — as soon as one day — which is better for borrowers who are in a pinch. 

Gravity Lending vs. iLending

Another loan marketplace, iLending, offers refinance loans to borrowers with a range of credit backgrounds. The process comes with personalized assistance to navigate the complexities of refinancing. Its minimum APR is similar to that of Gravity Lending but has a much lower minimum loan amount of just $5,000.

Do you qualify for a Gravity Lending auto loan?

Each lender in the Gravity network has its own requirements for approval. Gravity Lending lists few eligibility criteria:

• Minimum credit score: At least 640
• Minimum loan amount: $15,000

Additionally, these are common requirements that you’ll likely need to meet to qualify for borrowing:

• Income: Lenders will want to see that you have consistent and sufficient income to cover your monthly payments.
• Vehicle: Lenders have restrictions on the age of a vehicle and its mileage. In addition, some lenders will not approve cars used for ride-share apps.

How Bankrate rates Gravity Lending