Fast funding and no credit score requirement, but APRs over 700% make it a costly choice.
EnableLoans is a tribal lender that offers short-term loans up to $2,000. With no minimum credit score requirement, it seems like a good option for borrowers with bad or no credit, but high APRs in the 700% range could keep you trapped in a cycle of debt. You’re better off using cash advance apps or finding other alternatives to cover gaps in your budget.
Best for: Emergency-only situations when less expensive alternatives aren’t available.
Pros
Easy application process 100% online
No minimum score requirement
Receive funds as soon as the same day
Cons
Extremely high APRs around 723%
Maximum loan amount of $2,000
Doesn’t offer long-term repayment options
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EnableLoans offers fast online loans with no credit check but charges extremely high APRs around 723%.
First-time borrowers can get up to $700, with quick same-day funding and minimal qualification requirements.
The lender has poor customer reviews, with complaints focused on astronomical interest rates and difficult repayment terms.
Is EnableLoans legit?
Yes, EnableLoans is a legitimate loan provider, but it has several red flags. The first is its high APRs. As a tribal lender, EnableLoans can charge interest rates and fees way beyond what other lenders offer — around 723% or even higher, depending on your repayment terms.
And even though its parent company (Wakpamni Lake Community Corporation) has a B rating on the Better Business Bureau (BBB) website for addressing complaints, it has just a single star rating from past customers. Plus, there are almost 100 alternate business names listed on the BBB website, which raises additional questions about its credibility.
We currently don't have that product, but here are others to consider:
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What is the Finder Score?
The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.
The biggest drawback to borrowing from EnableLoans is the astronomically high APRs that it charges, around 723%.
For example, if you borrow $1,000, you’ll have to repay a total of $2281.28. That means you’re paying $1,281.28 in interest and fees in addition to the principal balance of $1,000, making this a very expensive form of borrowing. If you can qualify for a small personal loan with lower interest rates, that would be a better option.
But that’s not the only way EnableLoans falls short. It also isn’t a good option if you need to borrow a large amount. With a maximum loan amount of $2,000, you’ll have to look elsewhere if you have a large expense to cover.
The same goes for longer terms. EnableLoans must be repaid within a few months. If you need to stretch repayment out over several years, it’s best to go with a longer personal loan option.
What makes EnableLoans shine?
The best thing about EnableLoans is how fast and easy it is to apply. It only takes a few minutes and can be done 100% online. You can receive your funds quickly, too — as soon as the same day if you finish your application and sign loan documents relatively early in the day.
EnableLoans also has no minimum credit score requirement, making this a viable option for borrowers who struggle to get approved elsewhere.
EnableLoans loan details
Loan amount
Up to $700 for first-time customers Up to $2,000 for returning customers
Terms
Short term (Example shows 4 months maximum)
APR
Approximately 723% (could be higher or lower depending on your repayment term)
Turnaround
As soon as the same day
Minimum credit score
No minimum requirement
Other requirements
Be old enough to legally sign a contract (18 in most states) Be a US citizen or permanent resident Have an active checking account Have a steady income source Have a valid cell phone number Have an active email address
Fees
$30 NSF fee $35 late payment fee Origination fees may apply
Availability
Not available in: Arkansas, Illinois, Massachusetts, Minnesota, New York, Pennsylvania, South Dakota, Virginia, West Virginia
EnableLoans contact information
Phone number
888-704-3223
Customer service hours
Weekdays: 8 a.m. to 11 p.m. ET
Email
info@enableloans.com
Calculate your monthly loan payments
Our personal loan calculator allows you to see how much you’ll pay each month and the total cost of borrowing — just enter your loan amount, interest rate and repayment term below.
EnableLoans includes basic criteria you need to meet to qualify for a loan:
Be able to legally sign a contract (age 18 in most states)
Be a US citizen or permanent resident
Not be active duty military, military spouse or dependent
Live in a state where EnableLoans does business
Have a valid email address and cell phone number
Have an open checking account
Have a steady, verifiable source of income
How to apply
The application process for EnableLoans can be done 100% online. Here’s how it works:
Go to the EnableLoans website and select Apply Now.
Provide basic personal and financial information.
Receive your loan offer if your application is approved.
E-sign loan documents and receive money within the next 24 hours.
EnableLoans reviews and complaints
BBB accredited
No
BBB rating
B
BBB customer reviews
1 out of 5 stars, based on 10 customer reviews
Customer reviews verified as of
09 June 2025
EnableLoans doesn’t have a profile on the Better Business Bureau, but there is one for its parent company, Wakpamni Lake Community Corporation. There are only 10 reviews from past customers, all giving it a single star. The primary issue is the extremely high interest rates, with reviewers complaining that they make large payments with very little applied toward the principal balance. Some even question how such high APRs can be legal.
Wakpamni Lake Community Corporation isn’t accredited by the BBB, but it has a B rating because it responds to formal complaints on the site. There have been 93 BBB complaints filed against the company in the past three years, with 40 complaints closed in the last 12 months. There is currently no Trustpilot profile for EnableLoans or its parent company.
What do people on Reddit say?
While there are countless posts warning Redditors about the dangers of loans from tribal lenders, there’s just one about EnableLoans specifically. In that post, a Redditor shares a video review of the company. The review states that the application process is easy, but its high interest rates will bury you in a debt that’s hard to repay.
Frequently asked questions
What credit score is required by EnableLoans?
EnableLoans does not advertise any minimum credit score requirement. Its loans are available to borrowers with bad credit or no credit history.
Is EnableLoans a scam?
No, EnableLoans isn’t a scam. But it is a tribal lender, which means you’ll be charged extraordinarily high APRs of around 723% for any amount you borrow.
How do I contact EnableLoans support?
You can reach EnableLoans support by phone at 888-704-3223 between 8 a.m. and 11 p.m. ET on weekdays or email info@enableloans.com any time.
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Christi Gorbett is a freelance writer with more than eight years of experience and a master's degree in English. She’s created a wide range of content for banks, financial product comparison sites, and marketing companies on topics like small business loans, credit cards, mortgages, retirement planning, lender reviews, and more.
As a former teacher, Christi excels at making complex financial topics accessible and easy to understand. Her interest in finance grew when she returned to the U.S. after living in South Korea for nearly a decade.
This shift was driven by several personal financial challenges: rebuilding her financial base after the move home, starting her own business, and catching up on retirement savings. These experiences deepened Christi’s practical understanding of finance and intensified her interest in the field.
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