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  American Web Loan Personal Loans

American Web Loan Personal Loans

in Personal Loans from American Web Loan

Unaffiliated

American Web Loan Personal Loans

Unaffiliated

in Personal Loans from American Web Loan

SuperMoney Net Recommendation Score -80%

SUPERMONEY NET RECOMMENDATION SCORE

-80%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly not recommended

3 users recommend
2 users are unsure
35 users don't recommend
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Highlights
Community Rating Strongly not recommended
APR 600% - 780%
Loan Amount $300 - $2,500
Loan Term (Months) 6 - 12 months
Number of Reviews 40

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.
  • Hard credit pull required. You can't check your rates or see if you prequalify for American Web Loan Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Short loan terms. American Web Loan Personal Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.
American Web Loan Personal Loans 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 Personal Loans FAQ

What rates and terms does American Web Loan Personal Loans offer?

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

What APR rate does American Web Loan Personal Loans offer?

American Web Loan Personal Loans offers a personal loan product that ranges from 600% APR up to 780% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via American Web Loan Personal Loans?

Loan amounts start at $300 and go up to $2,500

What can a personal loan from American Web Loan Personal Loans be used for?

Personal loans from American Web Loan Personal Loans are typically used for special purchases, unexpected expenses or similar purposes.

What is the maximum loan term you can get with American Web Loan Personal Loans?

American Web Loan Personal Loans offers personal loans with terms ranging from 6 to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

American Web Loan Personal Loans Rates & Terms
Loan Amount $300 - $2500
Loan Term 6 - 12 months
APR 600% - 780%

What fees does American Web Loan Personal Loans charge?

Does American Web Loan Personal Loans charge an origination fee?

American Web Loan Personal Loans may charge a loan origination fee.

Does American Web Loan Personal Loans charge a late fee?

Yes, American Web Loan Personal Loans may charge borrowers a late payment fee.

Does American Web Loan Personal Loans charge prepayment fees?

No, American Web Loan Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

American Web Loan Personal Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

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 Personal Loans 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 Personal Loans?

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

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    • Headquarters
    •   2128 N. 14th St. Suite 1 #130
      Ponca City, OK 74601 USA
    •   Visit Site

    About American Web Loan Personal Loans

    Message From American Web Loan

    American Web Loan is a tribal lending entity wholly owned by the Otoe-Missouria Tribe of Indians, a sovereign nation located within the United States of America. American Web Loan is licensed and regulated under the Otoe-Missouria Tribal Consumer Financial Services Ordinance.

    Availability

      Available in 45 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • California
    • Colorado
    • Delaware
    • Washington, DC
    • Florida
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Prepayment Fee  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Credit Score Range 350 - 700
    Loan Amount $300 - $2,500
    APR 600% - 780%
    Loan Term 6 - 12 months

    American Web Loan Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    -80%

    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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