American Web Loan Review [2021]

American Web Loan is a direct online lender that offers short-term loans to borrowers in need of money quickly. Borrowers can take out smaller sums of money, choose from a few different term options, and receive funds as soon as the same day.
Our Rating
Credit Karma

Installment Loan Facts

Up to 780%
Minimum Credit Score
Loan Amount
$300 to $2,500
Minimum Age
18 Years Old
Loan Term
3 Months to 12 Months
Time to Funding
Same Day
Origination Fees
Hard Credit Check

Pros and Cons

  • You can receive funds as soon as the same day that your application is approved
  • The application process is simple
  • You can find out if you qualify for a loan in a matter of minutes
  • American Web Loan has a mobile app, which makes accessing your account and submitting payments easy
  • You can speak with an agent through the live chat feature on the website
  • There are no fees for making additional payments or paying off your loan early
  • There is no information regarding interest rates, APRs, or fees readily available on the website
  • The app is only available to current or returning customers, so first-time customers will need to apply online or over the phone
  • Loan terms are short, with the longest term only 12 months
  • You can only borrow a maximum of $2,500
  • You can only have one loan at a time

How American Web Loan Compares

Opploans Logo
Industry Average
$300 to $2,500
$500 to $5,000
Up to 780%
79% to 299%
Origination Fee
1% to 3%
Minimum Credit Score
Time to Funding
Same Day
1 Day
Hard Credit Check

About American Web Loan

American Web Loan is an online personal loan lender that has been around since 2010. The company is a tribal lending entity owned and operated by the Otoe-Missouria Tribe of Indians. American Web Loan was created as a part of the Tribe’s economic development program. 

American Web Loan is a part of the Online Lender’s Alliance, which is an organization that represents companies offering online loans. The company is also a part of the Native American Financial Services Association.

In this loan review you’ll learn:

  • The types of loans offered by American Web Loan
  • How much you can borrow through the lender
  • What rates and terms are offered by American Web Loan
  • What requirements you need to get a loan
  • Information about American Web Loan’s customer service

Types of Loans Offered by American Web Loan

American Web Loan offers personal loans to borrowers. The website doesn’t specify the exact purposes the loans can be used for. Generally, loans are used to help pay for unexpected emergencies, special purchases, catching up on late bills, and similar expenses.

American Web Loan is not a payday lender. Payday loans need to be paid back in full by your next payday. American Web Loan offers installment loans, which are paid back in monthly installments over a set period.

Rates, Terms, and Fees


American Web Loan does not specify typical rates online, but the company says rates vary based on your creditworthiness, the total amount you’re asking for, and the term you select. The company also uses an internal scoring system to determine rates. Your rate and APR will be disclosed to you on your loan agreement.

While the company does not publicly disclose their interest rates, reviews from customers say that the APR ranges from 600% to 780%. The rates are higher than many other online lenders offer, but the lender offers borrowers who may not be able to qualify for other types of loans an alternative to a payday loan.


American Web Loan offers three term options to customers:

  • 3 months
  • 6 months
  • 12 months

The shorter your term, the higher your payments will be, but you will end up paying less in interest overall. If you choose a longer term, your monthly payments are smaller, but you will pay more in interest over time. American Web Loan strongly encourages you to pay off your loan early, no matter what term length you select, to help you save on interest charges.


There are some fees associated with loans through American Web Loan.

Administrative Fees:

American Web Loan does charge an origination fee for their loans, but the amount charged is not disclosed on their website.

Late Fees:
The lender also charges a fee for late payments. Again, the cost of the fee is not mentioned but will be outlined during the approval process.

Early Payment Fees:

American Web Loan does not charge any fees for paying your loan off before the end of your term. In fact, the company encourages customers to pay off loans as quickly as possible.

Loan Amounts

The amount that you can borrow through American Web Loan ranges from $300 to $2,500. While smaller than the total you can borrow through some other online lenders, the amount is often enough to help borrowers who need money for an emergency expense.

American Web Loan does not allow borrowers to take out a second loan while you are still making payments on your current one. If you need more money, you will need to pay off your existing loan first. Once your loan is completely paid off, you can apply for a new loan the very next day.


American Web Loan prides itself on being able to offer funding as quickly as the same day that your application is accepted and signed.

If your application is approved before 11 a.m. CST Monday through Friday, your funds will be deposited into your bank account by 5 p.m. the same day. Loans approved between 11 a.m. and 7:20 p.m. will disburse funds early the following day. If you submit an application on a Sunday and are approved before 6:20 p.m., you will receive your funds early Monday morning.

Funds can also be wired or sent via paper check. To have your funds wired the same day, your application must be approved before 2:35 p.m. You will receive your funds in approximately 1 to 3 hours. If you choose to have a paper check mailed, you will receive your funds within 7 to 10 business days following your application approval.

Requirements for a Loan Through American Web Loan

American Web Loan prides itself on making the loan application process simple. Even so, some requirements must be met.

Required Credit Score

American Web Loan does not specify a minimum required credit score. The website states that if you have poor credit or no credit at all, the company will still work with you to see if you can qualify. American Web Loan recommends filling out an application regardless of your credit score, stating that there is no risk associated with doing so.


The process of applying for a loan through American Web Loan is fairly simple. First, you will provide some basic information including:

  • The total amount you wish to borrow (between $300 and $2,500)
  • Your name
  • Your email address
  • The last four digits of your social security number

After completing the required information, you will be taken to a page requesting further personal information. Here, you will need to provide your birthdate, driver’s license information, your home address, and your full social security number. Borrowers must be at least 18 years old to apply.

It is important to note that American Web Loan does not offer loans to residents of the following states:

  • Arkansas
  • Connecticut
  • Georgia
  • New York
  • Vermont
  • Washington

If you are a resident of one of these states, you will not be able to qualify for a loan.

After filling out your personal information, you will need to provide your income information. In addition to how much you make, you will also need to disclose how often you are paid. There are no minimum income requirements stated on American Web Loan’s website.

Next, you will be asked to provide your bank information to have your funds electronically deposited into your account. After you select the amount you’d like to borrow, you will be asked to read the terms and agree to them. Then you can submit your application. There is no information on the website stating whether or not a soft pull of your credit is done to determine if you qualify.

Formal Application

You will have an approval (or rejection) notice within minutes after submitting your application. If you’re approved, you will be provided with information regarding your offer, including terms, interest rates, and APRs. Should you agree to the terms that you’re offered, you can complete the loan application, sign it, and submit it. There is no information regarding whether or not American Web Loan does a hard credit pull. Once approved, your funds will be deposited into your account the same day or the next business day. 


After your approval, your monthly payments are fixed. You can make payments on the website or through American Web Loan’s app, which can be downloaded to Apple or Android devices by current or returning customers.

Accepted Methods of Payment

There is no information specifically stating what forms of payment American Web Loan accepts other than through a connected bank account. You can choose to have your payments automatically deducted each month from your primary account, which is the bank account you provided during the application process. If you want to change your primary account information, you can do so by contacting American Web Loan by phone.

American Web Loan does not accept payment by credit card.

Early and Additional Payments

American Web Loan accepts early and additional payments. The lender does state that additional payments are considered supplemental and do not replace your regular monthly payments. You can add additional bank accounts to your profile for your additional payments or you can use your primary account.

Does American Web Loan Report to Credit Bureaus?

There is no clear information as to whether American Web Loan reports to credit bureaus, though it seems likely that the lender does not, which means making payments on time will not help to improve your credit score. Missed payments might still hurt you, however, if American Web Loan gives your loan to a collection agency that does report to the bureaus. 

The American Web Loan Customer Experience

Customer Support

You can contact American Web Loan seven days a week by phone or online.


For Customer Service:

  • Monday through Friday, 7 a.m. to 8 p.m. CST
  • Saturday, 7 a.m. to 4 p.m. CST

For Lending:

  • Monday through Friday, 8 a.m. to 8 p.m. CST
  • Saturday, 6 a.m. to 8 p.m. CST
  • Sunday, 8 a.m. to 8 p.m. CST




You can also speak with a specialist through the chat feature on the American Web Loan website. 

What Customers Say about American Web Loan

American Web Loan has a B rating on the Better Business Bureau. The company is not currently BBB accredited.

American Web Loan is listed on Trustpilot, but there are no customer reviews and as of October 2019, the page is unclaimed.

One of the biggest issues customers seem to have with American Web Loan is the interest rates. While many customers were pleased with the speed of the loan disbursement, the high interest rates were upsetting and often unexpected.

According to reviews on American Web Loan’s website, customers appreciate the company’s friendly service and knowledgeable specialists.  


For borrowers who are struggling to get a small loan through other lenders, American Web Loan may provide a suitable option. While the rates are on the high side, the lender’s installment loans provide an alternative to payday loans that can be paid back early to reduce the total amount of interest paid.