American Loan offers domestic and cross-boarder loans, this simply means
that people in America and other countries can apply for loan with
American Loan and get approval
American Loan doesn’t affect your credit score
Apply for a loan that suits you without it affecting your credit scores.
Use the loan calculator to calculate your monthly repayments
by entering the amount of loan you’re applying for, how many years
you want it to run, then you click calculate.
Funds will be deposited directly into your bank account you provided by the
financial institutions that accepts to grant your loan through us, if we are unable
to verify your bank account for any reason we will not be able to send any loan
funds to you and your Loan agreement will be void and unenforceable
Your loan will be sent to your bank account within 24 hours after you’ve signed your
loan agreement and completed all necessary verification steps. It’s important to
know that your bank may take additional time to post your loan funds to your
account, if any loan funds do not post to your account within two weeks, please
contact us or your bank.
Loans are payable in fixed monthly installments. The amount of your monthly payment
will depend on the amount you borrow, the repayment period you select, and the total
interest charged on your loan (based on the interest rate that applies).
On your application, you can choose your repayment period from the options shown.
Keep in mind that a longer repayment period may result in a lower monthly payment,
but more total interest than if you choose a shorter repayment period for the same
loan amount.
You apply by logging in to your American Loan account to check
your
eligibility. Before you apply, we'll let you know the maximum amount you can borrow,
the maximum annual percentage rate(s) (APR), and your repayment period
options.
During the application process, you'll need to provide basic information such as the amount you wish to borrow, the repayment period, your income, and what you'll be using the loan for. You may also be asked to provide additional basic contact information.
It's important to know that even if you are eligible to apply for a Loan, it does not guarantee you'll be approved. At any point during the process, we may require additional information from you. We may also deny your application if there is any material change to your financial situation or creditworthiness, or for other reasons as required by law.
During the application process, you'll need to provide basic information such as the amount you wish to borrow, the repayment period, your income, and what you'll be using the loan for. You may also be asked to provide additional basic contact information.
It's important to know that even if you are eligible to apply for a Loan, it does not guarantee you'll be approved. At any point during the process, we may require additional information from you. We may also deny your application if there is any material change to your financial situation or creditworthiness, or for other reasons as required by law.
You can apply for a Personal Loan of up to $990,000, And a business loan of up to
$49,999,999 to your maximum eligible loan amount, which depends on your location,
creditworthiness, and other factors at the time of applying. Your maximum eligible
loan amount will be displayed when you view your offer on the application page.
Most applicants will receive a decision within 24 hours. However, our decision may
be delayed if we require additional information from you. We may also decline your
application if there is any material change to your financial situation or
creditworthiness or for other reasons as required by law.
You have two days from when your loan is approved to review and sign your Personal or business
Loan Agreement. We'll send you an email with a direct link to your Personal Loan
Agreement. Please note that the Personal Loan agreement must be signed before the
expiration date noted in the email. If you don't sign your Personal Loan agreement
within those two days, we will withdraw our approval and the application will be
canceled. You may be able to re-apply if we reconsider.
No, you cannot increase your existing Loan amount. The loan amount will remain fixed
for the full duration of the Loan agreement.
Yes, there are no pre-payment penalties with our Loan, and you can make as many
payments as you like with no related penalties.
To pay off your Loan early, you can pay the Outstanding Loan Balance that appears in
your online account or on your current Loan invoice. Payment must be received before
the Next Invoice Date shown on your Personal Loan invoice for your account to be
deemed paid in full; otherwise, you will owe any additional interest that may be
posted to your account after the Next Invoice Date.
American Loan There is no fees asssociate with Americans Loan
. In addition, there are no
pre-payment penalties if you decide to pay your Personal Loan off early. We will
charge a $99 fee for any month that we receive your payment after the due date
listed on your invoice or if you make any payment that is returned due to
insufficient funds.
No, you will not be able to change your payment due date. This date will be set at
the time you are approved for your Loan and will be the same date of each month
during your Personal Loan repayment period (for example, the 15th of each month).
Frequently Asked Questions
We are here for you. You can contact our Support & Help Center via online chat by
logging into your American Loan online account or by sending us a direct
email,
Monday through Friday, 9:00 am – 8:00 pm EST.