Image: Man sitting on the couch in his living room, reading a review of AWL loans on his phone
In a Nutshell
If you’re approved for an AWL loan, you may be able to get money the same day you apply and cover an emergency expense like a car repair. But AWL isn’t transparent about its interest rates, making it difficult to compare to other lenders.
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Who an AWL loan is good for
This lender isn’t transparent about its interest rates upfront, making it an option to consider only as a last resort.
But, if possible, apply for loans from other lenders that are transparent about rates and terms. That way, you’re less likely to get caught off guard — and in greater debt — by interest, fees or other costs.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.
About the author: Anna Baluch is a freelance personal finance writer from Cleveland, Ohio. You can find her work on sites like The Balance, Freedom Debt Relief, LendingTree and RateGenius. Anna has an MBA in marketing from Roosevelt Un… Read more.
