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American Web Loan Review
19 Sep 2019

Payday Loan Lender Review: American Web Loan

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Did you know anything under a 620 is considered low, poor, or a bad credit score? And about 30% of the United States population has a credit score between 650-699.

With numbers like these, it makes some people with bad credit feel that they won’t be able to secure a loan.

Have you found yourself in a bind recently and need some emergency cash? Have you been looking into taking out a payday loan online? You’re in the right place!

Make sure you know who your lender is. Keep reading to learn everything you need to know about American Web Loan in the following review.

Editor’s note: If you like this article, feel free to join the conversation and leave your comments at the bottom!
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What Is American Web Loan?

American Web Loan is an online loan lender that is owned by the Otoe-Missouria Tribe of Indians and has been around since 2010. It is completely owned and operated by this tribe that has lived in the Missouri River Valley since the 1600s.

They are a direct lender and offer personal loans in 45 states plus Washington DC.

American Web Loan requires the applicant to be at least 18 years of age or the state minimum whichever number is higher. They also require applicants to have a minimum credit score of 350. For those people with less than low credit, this might be a good option.

Rates and Terms

American Web Loan offers higher interest rates than the average lenders out there. Their APR’s range between 600% up to 780%. This rate varies on factors such as your credit score.

Their terms range between six to twelve months making them installment loans that you pay back with multiple payments.

Amount You Can Borrow

American Web Loan offers loans as low as $300 and will lend up to $2,500. The max amount allowed can also vary based on the credit score. While these are not guaranteed approval loans, American Web does accept a wide range of credit scores, so approval is highly likely.

The good thing is once you borrow the money you can use it for what you need. Whether it’s emergencies, special purposes, or unexpected emergencies.


It’s always good to stay informed on any fees to avoid surprises. American Web Loan does charge a loan origination fee which is good to keep in mind. They do charge a late payment fee if you were to miss a payment or get behind in payments.

Something that they don’t charge a fee for is prepayment which is good compared to other bad credit loans. This means that if you receive unexpected money you can pay them back sooner. This is important because some lenders will charge you a fee for paying the loan back early to cover the amount of interest they would have received for fulfilling the entire term of the loan.

Speed of Loan Process

Something that we found is that the entire process is fast. From the moment you apply, you will know their decision within a few moments making these almost instant approval loans. Once you are approved they will have you review the loan online and accept the terms by signing electronically.

Once they have your signature and agreement on paper they will send the funds right away via your choice. You can choose a paper check, a wire transfer or a direct deposit.

If your loan is processed before the cut-off time you might even receive same day funds once the loan is finalized. If the loan is received and approved by 11 am Monday-Friday then the borrower will receive their funds by 5 pm local time.


American Web Loan has several affiliations such as Online Lenders Alliance (OLA) and the Native American Financial Services Association (NAFSA).

OLA is a professional trade organization that represents the growing industry of U.S. based companies that offer loans online. Their mission includes educating their consumer about the practices in the online lending industry and advising on industry standards including best practices.

OLA also provides resources such as credit counseling to borrowers. They also serve as a resource for State and Federal policymakers.

NAFSA is an association that’s dedicated to advocating for Native American sovereign rights. They also enable tribes to offer responsible online lending products.


American Web Loan has a very detailed privacy policy on their site because they pride themselves in protecting their client’s internet privacy. They are transparent about the information that they collect and how they might use your information.

Mobile App

Something that makes this specific lender stand out is that they’re keeping up with technology and the app trend. Who doesn’t like the convenience of an app?

American Web Loan offers an app where you can do everything right from your cell phone. You have the option of applying for your loan directly from the app. You can also manage your entire loan once you’re approved including payments and payment history and set up alerts as needed.

You have the ability to update your information as well. All this from the device that most people use nowadays and it doesn’t come with any additional costs, only convenience!

Final Thoughts: American Web Loan

As you can see after reading all about American Web Loan above this lender has quite a few pros for those with less than perfect credit. While it’s not a personal loan with no credit check, the likelihood of approval is quite high. It’s also convenient because you can do the entire application process form the comfort of home.

Yes, you have a limit on how much you can borrow and their rates are higher than most but if you’ve been turned down because of your credit score then this option might be one of the few you might have available.

Here at Bonsai Finance, we can help you find the finance help you need to get you out of a bind. It doesn’t matter what your credit score is.

Check out more information we have regarding payday loans right here!