American Web Loan Personal Loans

American Web Loan Personal Loans Review

American Web Loan Personal Loans is offered by American Web Loan, a direct lender founded in 2010 and based in Ponca City, OK. American Web Loan Personal Loans is available in 45 states (and Washington, DC).

Key Takeaways

• Same day funding available. In some cases you may be able to access your money the same day you apply.
• Small-dollar loans. American Web Loan Personal Loans has a maximum loan amount of just $2,500.
• Short loan terms. American Web Loan Personal Loans have loan terms as short as 6 months.

American Web Loan Pros & Cons

Pros	Cons
$0 prepayment fee. Considers applicants with fair credit. Funding available within 1 business day.	APRs as high as 780%. Charges an origination fee. Short loan terms (maximum of 12 months). Small loan amounts (maximum of $2,500). Do not offer pre-approval with soft credit pull. American Web Loan Personal Loans does not report to credit bureaus. Charges a late fee.

American Web Loan FAQ

What interest rates and personal loan terms does American Web Loan offer?

American Web Loan has higher than average interest rates for lenders reviewed on SuperMoney.

What fees does American Web Loan charge?

What do you need to qualify for American Web Loan Personal Loans?

Applicants with a credit score of at least 350 and up to 700 may be eligible for American Web Loan Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

American Web Loan Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. American Web Loan Personal Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the American Web Loan Personal Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by American Web Loan Personal Loans. Permanent resident / green card holders are also eligible to apply.

American Web Loan Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	350 - 700

What is the estimated funding time for a personal loan via American Web Loan?

American Web Loan will typically provide a credit approval decision in less than an hour and fund the loan within 1 business day.

Is American Web Loan a legit company?

American Web Loan was founded in 2010, it is a well-established company that has been in business for 12 years. American Web Loan Personal Loans are strongly not recommended by SuperMoney community users.