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  American Web Loan Personal Loans
American Web Loan Personal Loans
in Personal Loans from American Web Loan
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American Web Loan Personal Loans

Unaffiliated
in Personal Loans from American Web Loan
SuperMoney Net Recommendation Score -77  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -77, equating to 1.5 on a 5 point rating scale.

-77

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

4 users recommend
2 users are unsure
37 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 43

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 interest rates does American Web Loan offer?

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

How much can you borrow via American Web Loan?

Business loan amounts start at $300 and go up to $2,500.

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

American Web Loan offers loans with terms of up to 12 months.

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

What fees does American Web Loan charge?

Does American Web Loan charge an origination fee?

American Web Loan may charge a personal loan origination fee.

Does American Web Loan charge a late fee?

No, American Web Loan will not charge you a late fee if you miss one of the monthly payments.

Does American Web Loan charge prepayment fees?

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

American Web Loan Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

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.

    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.

    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.

    Contact

    About American Web Loan Personal Loans

    Availability

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

    This product is strongly not recommended by SuperMoney users with a score of -77, equating to 1.5 on a 5 point rating scale.

    -77

    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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