American Web Loan Reviews

Is American Web Loan legit? Read our in-depth review to find out...

american web loan reviews
american web loan

Article Title: How Does This Lender Stack Up?

Short Description: They are a tribal lender specializing in short-term installment loans for people with bad credit. Owned and operated by the Otoe-Missouria Tribe of Indians, a sovereign nation located within the United States of America.

Publisher Logo:

2.4 of 5 stars 1 review
  • Customer Support
  • Cost of Loan
  • Funding Time
  • Application Process


They are a lender that helps people with bad credit obtain short-term loans, otherwise known as installment loans.  This lender does not openly share average interest rates on their website, which is a red flag.  Their level of transparency with consumers is lacking.  That said, you can borrow as little as $200, up to a maximum of $2,500.  And according to their website, you can have the funds deposited into your account within 24 business hours.

User Review
3.57 (7 votes)
Comments Rating 0 (0 reviews)


  • Fast and easy application process
  • Funds deposited within 24 business hours
  • Decent option if you have bad credit and have exhausted all other resources


  • Lender is not transparent with consumers about APR loan rates
  • Very expensive form of borrowing
  • Not a good solution if you have average to excellent credit rating

Tribal loan lenders are a less known segment of the lending market. However, there are many that attempt to bring clients such as yourself value and a seamless application process.

American Web Loan is a tribal lender that provides small unsecured loans through a quick and online process.

Located in Stillwater, Oklahoma, American Web Loan (AWL) has been around for several years and this review aims to provide you with information to make an informed decision about obtaining a loan with American Web Loan.

However, you should know that the majority of American Web Loan reviews we came across were extremely negative.

Here’s just a taste of the American Web Loan reviews we came across on Google.

american web loan reviews

Overview of American Web Loan

Immediately on their about us page, you’ll see the company strives to have a loan process that is easy and quick. AWL touts three major benefits and they include convenience, speed and security.

The convenience statement is backed by their online and mobile application. That’s right, AWL gives you the option to utilize their mobile app for the application process, allowing you to apply from anywhere. You can also give them a call 24/7 if you have any issues or questions on the application process. AWL’s goal is, “to give you the best customer experience possible…”.

Speed is their next power statement, which is backed by a fast and secure application process. The company claims you’ll know their decision moments after you submit your application. If approved, you’ll move forward with the finalization of your loan.

The final bullet point is security and you can view the complete detail under their privacy policy. Knowing your information is securely and safely transmitted is of utmost importance. You can view the detailed privacy here.

Loan Products

As mentioned, AWL is a company that specializes in smaller unsecured installment loans. According to their website you can borrow anywhere from $300 up to $2,500 hundred dollars. One item that is missing from their product page is an interest rate.

AWL does not post an interest rate, rather they disclose that the rates differ for each loan they review. While there are certain factors such as creditworthiness and current income levels, you should have the ability to know generally where your interest rate may fall.

Once approved for a loan, you will follow an amortization schedule that is paid either weekly, bi-weekly, twice a month or monthly. When repaying the loan, you can repay early, and AWL encourages this as it will save you from interest expenses.

For those of you residing in the states of Arkansas, Connecticut, Georgia, New York and Washington, you are unable to apply for a loan with AWL currently.

The Application Process

The application process is simple to begin and can begin right from the homepage. Depending on if you begin the application on the home page or by clicking the apply now button at the top, you will start by deciding how much you wish to borrow.

From there, you will begin by inputting your information such as name, address, driver’s license, social security number and a few other personal details.

Once that’s completed, you’ll begin completing employment information and banking information, which are how the funds will be sent once approved. After that, you should receive a decision on your application relatively quickly.

Upon approval, you will find the finance charges and APY fully disclosed and at that point you can choose to accept or decline the loan.

Right of Recession

Buyers remorse is a real thing and when it comes to lending you can rescind the loan within a certain timeframe. With AWL, you can request a rescission prior to the second day from the loan date listed on your loan agreement.

However, if you miss that deadline you can repay the note in full with the accrued interest you owe for the few days you had the funds. There’s a phone number you can contact the company if you have any questions regarding a rescission request.

Receipt of Funds

With advances in financial technology, you can receive your finds same day in some cases. With AWL it depends on when the loan approval occurs as to when you will receive your proceeds. Loans approved prior to 12pm (noon), you will receive funds the same day via ACH. Approvals occurring after 12pm, funds will settle the next day.

If you choose to receive your loan proceeds via wire, your times shift to 2:35pm for same day and anything past that funds are received the next day.

Also, if you so choose you can have your loan proceeds mailed as a paper check. This can take anywhere from 7 to 10 business days to arrive.

A few other items of note include the limit of one note at a time. This is likely to ensure both the lender and you the client have the right interest aligned. Over lending can lead to higher delinquency and default rates.

Also, keep in mind that a credit report will likely be run and show up on your updated report. While this can impact your credit score it varies from person to person.

Overall, AWL certainly has a product and platform that stands out among the crowed. With both a web based and mobile application, you can easily apply for a loan from nearly anywhere in the world. If you are approved for a loan, ensure you pay on time to avoid late charges and pay the loan off early if possible.

AWL appears to be a reputable platform but don’t let us decide that for you, check out their website for yourself and see if they are a good fit.  And be sure to read all of American Web Loan’s reviews you come across!

American Web Loan Reviews: Read Our Reviews on This Fast Cash, Short Term Lender to Find Out

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