| Basic requirement to get the loan | |
| |
| Lender states | |
AL, AK, AZ, CA, CO, DC, DE, FL, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MH, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WV, WI, WY | |
| Loan term | 6 -12 Months |
| APR up to | 480.69% |
| Loan amount | $ 300 - $2500 |
| Time to money | Same day if done before 12pm CT |
| Online/Offline | Online |
| Funding Method | Bank account or check through the mail (7 to 10 days) |
American Web Loans – Get Unstuck
AWL is a tribal lending company. They are affiliated with the Otoe-Missouria Tribe, which essentially implies that some of their proceeds are channeled into the tribe’s development efforts, such as funding education, improving housing, building infrastructure, etc.
The close of 2019 marks the nine years the company has been offering loans. You can even visit their headquarters in Stillwater, Oklahoma. Since they operate from a sovereign state, their loans have a wide reach. Only six states are not covered.
American Web Loan Review
The company cares about helping underserved customers. You’ll not need a 660 score to obtain an American Web Loan Installment Loan. Just show them that you’re income is sufficient to handle the loan’s installments.
Customers get to borrow $300 to $2,500. The amount is well suited for small emergencies like fixing broken-down cars, paying for AC repair, etc. The loan term is equally short at just 6 to 12 months. So, this is not a long-term option.
When and How Will I Receive My American Web Loan Payment?
Most customers have their cash reflecting on their current balance by the next working day. What if you need the funds today? Well, this lender provides this service.
See most lenders approve loans in a matter of hours. Funds are then released immediately. The payment method you choose affects how soon funds reach you. For instance, if you choose to receive a wire transfer from the company, the cash will reach you in one day if you applied before 2:35 pm Central Time.
For ACH transfers to be finalized in one day, the company has to approve and fund your loan by 11:00 am CST. If you opt for a paper check, get set for the slow arrival time of 7 to 10 days.
How Much Is It Going to Cost?
The APR is up to 480.69%, but you can get a reduced American Web Loan interest rate if you demonstrate that you have above-par credit scores or sufficient income.
Pros of American Web Loans
- Uncomplicated application & intuitive website
Something of interest to note in this American Web Loan Review is the lender’s modern and intuitive website. In fact, if you want to apply now, just land on their home page. Set your desired loan amount using a slider. Enter your names and SSN number. Then select “Apply Now.” That is all that’s required.
- The lender’s app
Their mobile app is geared towards improving your user experience. It helps you perform tasks such as applying for a new loan, viewing upcoming repayments, etc. Find it from the App Store or Play Store.
- Availability
Banks are open for an average of 9 hours. But AWL’s lending department operates from 6 to 11 PM CST on weekdays. That’s a 17-hour window for you to apply. The lender also processes applications on Saturdays and Sundays from 8:00 am to 8:00 pm.
- High approval
While American web loan rates might be above those for traditional loans, it’s easier to get approved for the loans.
Is American Web Loan Legit?
It is a legit company running a very secure website. Prominently displayed in their site’s footer section are GoDaddy and McAfee secure certification badges.
Any data you enter in their site is protected from attacks. What’s more, the company is an Online Lending Alliance Member. The company is also regulated by the Customer Finance Regulatory Commission.
Is There an Active American Web Loan Lawsuit?
The last complaint brought against the company was in 2017. At the writing of this American Web Loan review, there were no active claims. Despite the past claim, the company has continuously offered credible loans with full disclosure on the loan’s costs and terms.
How to Get American Web Loan Pre Approved?
Getting pre-qualified is easy, and it will not hurt your scores since the company doesn’t order a hard credit pull from the three main credit reporting agencies. Just find their form and fill it.
American Web Loan Customer Service
The company has nice agents that can help you with anything. They are well-conversant in English and Spanish. Get help by calling them. (see the top of this page).
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