Flexible Installment Loans in 5 Easy Steps

An American Web Loan FlexLoan is a short-term installment, small denomination loan that the borrower agrees to pay back over up to 16 convenient payments. Consumers can normally apply online in the privacy and comfort of their own home.

Step 1: Fill Out the Application

Fill out an American Web Loan online application once you’ve determined it’s the right loan for your needs. These applications are normally very short forms to fill out. Generally, you must be at least 18 years or older, have a steady source of income and a bank account with income directly deposited into that account. You will also need an active home phone number in your name.

Step 2:Be Honest

Make sure that you don’t have any outstanding American Web Loan installment loans.

Step 3:Read the Terms

Read the American Web Loan contract thoroughly before signing it. It should specify the loan fee, repayment schedule and representative annual percentage rate (APR). The length of the loan should be clearly stated, and the total amount of the loan should be in U.S. dollars.

Step 4: Avoid extra Fees

Ensure that the agreement shows the due dates and your options should you not be able to repay the full amount within the specified period.

Step 5: Get the Money

After an approval, expect to have the funds direct deposited into your checking account by the next business day. American Web Loan typically deposits the funds within 24 hours after approving the application, although it may take longer for your bank to process the deposit. .

Customer Resources

  • FDIC: Money Smart
  • CNN's Money 101
  • FTC Credit Info