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American Web Loan installment loans review

Get funds the same day you apply — but it's not upfront about rates and fees.

Bottom line: This tribal lender is easy to use, but could cost more than a US-based lender — it isn’t subject to payday loan regulations.

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Min. Amount


Max. Amount

As fast as the same day

Turnaround time


Product NameAmerican Web Loan installment loan
Min. Amount$300
Max. Amount$2,500
Loan Term6, 9 or 12 months
Turnaround TimeAs fast as the same day
RequirementsActive checking account in your name, verifiable income, live in eligible state, age of majority in your state


  • Same-day funding available via wire transfer
  • Mobile app to manage your account
  • Live chat on website


  • Isn’t upfront about costs
  • Potential $15 to $25 wire transfer fee from your bank
  • Must be a current customer to use the app

Review by

Anna Serio is a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY.

Expert review

American Web Loan could be best for borrowers who struggle to qualify for a personal loan. It’s fast — even for an online lender. You have the option to have money deposited into your bank account on the same day you apply.

But it doesn’t disclose loan costs until after you apply, making it difficult to compare to other providers. It’s also a tribal lender, which means it may charge more than your state’s legal limit.

You should compare more loan options to ensure you’re getting the best deal.

American Web Loan rates, fees and terms

American Web Loan is not up front about rates and fees that come with its installment loans. You’ll have to apply first — which involves submitting personal information — before you can get a rate quote.
You can borrow between $300 to $2,500 with 6, 9 or 12 months, to repay the loan. You can always pay off your loan early without a penalty to save on interest.
Use the calculator to see how much this loan might cost at different loan amounts, rates and terms.

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What is American Web Loan and is it legit?

American Web Loan is a tribal lender that doesn’t have to abide by federal and state laws regarding short-term loans. It’s a member of the Online Lenders Alliance (OLA) as well as the Native American Financial Services Association. These organizations create and uphold standards for short-term lenders.
But even with these credentials you still have fewer protections, since it’s generally unregulated. This means there’s no cap to how much it can charge in interest and fees, which could lead to APRs into three or even four digits.
It uses SSL encryption to protect any information you enter online. And its website uses McAfee security to protect against malware, malicious links, phishing scams and other threats. The site’s security is verified by

Beware of imposter sites posing as American Web Loan

Imposter sites can steal your money or even identity without giving you the money you need. Only submit applications to, through the app or over the phone by calling 877-860-7171.
If you think you’ve been scammed, file a report against the company with the Consumer Financial Protection Bureau (CFPB) and reach out to your local regulation authorities.

American Web Loan reviews and complaints

Recent borrowers have all had problems with American Web Loan working with them during the COVID-19 crisis. Many customers have also complained about a high volume of calls — some stating that they never borrowed from American Web Loan in the first place. Before you borrow, ensure you can afford to make payments every two weeks.

Am I eligible?

You must meet the following requirements at a minimum to qualify for an American Web Loan installment loan:

  • Bank account. You must have an active checking account in your name.
  • Verifiable income. You must show you have enough money coming in to afford your repayments.
  • Age of majority. You must be the legal age in your state to take out a loan.
  • Live in eligible state. You can’t qualify for this loan if you live in Arkansas, Connecticut, Georgia, New York, Vermont or Washington.

You might have to meet additional criteria to qualify, which American Web Loan doesn’t disclose.

Where are American Web Loan installment loans available?

As a tribal lender, American Web Loan can offer installment loans in all states except:

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

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How do I apply?

New borrowers can apply online through its website and returning borrowers can take advantage of its app. Follow these steps to get sttarted on your application:

  1. Go to the American Web Loan website.
  2. Select how much you want to borrow.
  3. Enter your full name, email address and the last four digits of your Social Security number. Click Apply Now.
  4. Fill out the form with your personal information. Click Next.
  5. Fill out the form with details about your income and how often you’re paid.
  6. Enter your bank account information and select if you’d like to receive the funds as a direct deposit.
  7. Select the amount you’d like to borrow and read the terms of use. Check the box agreeing to the terms and click Apply Now.

A representative should get in touch with an offer and further instructions to complete the application. If you like the offer, follow the steps to complete, sign and submit your application.
Once you’re approved, you have the option of getting your funds through wire transfer, direct deposit or by paper check. Wire transfers can come as fast as the same day if your loan is finalized before 2:35 p.m. CT on a weekday.

What information do I need to apply?

You might have to provide the following information at a minimum:

  • Driver’s license. You need to have your driver’s license number to complete the application.
  • Proof of income. Pay stubs or other documentation of income determine your repayment dates and show you have the funds to afford the loan.
  • Bank account information. You need to provide your bank account and routing number to have funds transferred to your checking account.

What are my repayment options?

You can repay your loan online or through the mobile app, which is available through Google Play and the App Store. Your repayments are due the same day you get paid, though you can make additional payments to save on interest.
If you have any questions, contact customer service as soon as possible through the live-chat feature on its website, by email or by calling 877-860-7171. Customer service is available weekdays from 7 a.m. to 8 p.m. CT and on Saturdays from 7 a.m. to 4 p.m. CT.

Because American Web Loan is a tribal lender, expect to pay high rates when you borrow. However, you can compare lenders based in the US — although your loan may still be pricey.

Frequently asked questions

What’s the difference between getting paid biweekly and semimonthly?
For the purposes of your American Web Loan application, biweekly means every two weeks. Semimonthly means twice a month.
Can I get an American Web Loan installment loan without a bank account?
No, you must have a bank account to qualify for this loan.
What’s a tribal loan?
A tribal loan is financing from a lender that is regulated by tribal entities, rather than the US government. That means they aren’t subject to the same rules that nontribal lenders must follow. For example, American Web Loan is regulated by the Otoe-Missouria Consumer Finance Services Regulatory Commission.
You can learn more about how these work and what you should know before borrowing by reading our guide to tribal loans.

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    Default Gravatar
    November 30, 2020

    My loan was approved at 11:30amCT. My money will be direct deposited. Will I receive my money the same day?

      Default Gravatar
      December 1, 2020

      Hi Chris,

      Thank you for reaching out.

      Once you’re approved, you have the option of getting your funds through wire transfer, direct deposit or by paper check. Wire transfers can come as fast as the same day if your loan is finalized before 2:35 p.m. CT on a weekday.

      I hope this information we provided you today helps.


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