Here we want to review Enable loans, its background, how it works, how to apply, key features, eligibility, requirements, benefits, and pros and cons. Is Enable Loans legit or a scam? Discover Enable loan sign-up, login, and alternative loans in the US.

Enable Loans is an online payday-style lender that is based in the U.S. and is owned by the Wakpamni Lake Community Corporation (WLCC), which is part of the Oglala Sioux Tribe, located on the Pine Ridge Reservation in Wakpamni Lake, South Dakota, though it uses a mailing address in Solon, Iowa (PO Box 70).

Enable Loans was created to help support the tribe’s economic growth and community needs, and according to WLCC’s mission, the goal is to promote the economic development and well-being of the Wakpamni Lake Community.

Enable Loans is licensed and operates under the tribe’s own laws, not state laws, with a Consumer Loan License (No. FS-51), issued in May 2024 under the Tribal Credit Code.

Enable Loans claims to offer short-term, high-interest loans, and it clearly warns customers that its loans come with a high APR (annual percentage rate) and are not meant for long-term financial solutions.

See Also: 7 Best $100 Instant Loan Apps in the U.S. (2025)

Loan Products Offered

Enable Loans offers unsecured personal installment loans (also known as small “cash advance” loans) to consumers in the U.S. and does not offer other loan types such as business or mortgage loans.

• Loan amounts start at $500, with a limit of $700 for first-time borrowers.
• Returning customers may qualify for up to $2,000.
• These loans are short-term and can be repaid in weekly or biweekly payments over a few months.

Enable Loans claims to focus on simple and fast online loans, with no paperwork and no minimum credit score needed to apply. With these, the company says they can only perform a soft credit check to verify their customer’s identity and ability to repay, without their credit score.

Enable Loans Application & Approval Process

Enable loan application processes that are fully online and can be done anytime, 24/7; using a mobile-friendly website, borrowers can apply by filling out a secure form with their personal, income, and banking information.

To qualify, applicants must:

• Be 18 years or older
• Be a U.S. citizen or legal resident living in an eligible state
• Have a steady income
• Own an active checking account
• Provide a valid phone number and email

Note: If you are active-duty military personnel or a dependent, you are not eligible to apply because of the federal Military Lending Act.

During the online application process, Enable Loans uses a secure service to connect to your bank account to verify your income and ability to repay the loan.

Once submitted, you’ll get a response or approval within minutes to a few hours on a business day, and if approved, you will need to sign the loan agreement to complete the process.

Funding & Repayment

Once you get approved, you will receive funding quickly, and you need to link your debit card so that funds can be sent to your account instantly. If not, the money will be deposited through a standard ACH bank transfer; loans approved before around 11:30 AM CT on business days usually arrive the same day.

Loan repayment is done through a fixed installment plan, and you can choose to make payments weekly, biweekly, or monthly. For example, a $500 loan might be repaid in 7 weekly payments over about 3 months. Payments can be made through automatic bank draft (ACH or debit card) or by mailing a check.

There is no penalty for paying off the loan early, and Enable loans may even offer a discount for early repayment. However, late or missed payments come with fees: $35 if you’re 7 or more days late, and $30 for any returned payment (such as a bounced check or failed ACH).

Enable Loans Interest Rates and Fees

Enable loans interest rates are very high, much higher than other lenders. For example, a $500 loan may come with a finance charge of $612.45, making the total repayment $1,112.45, which is equal to an APR (Annual Percentage Rate) of around 723%. According to Finder.com, APRs typically range between 600% and 700%, and one customer review on the Better Business Bureau (BBB) website reported a 673.23% APR on a $750 loan.

There is no hidden fee, but the high interest charge acts as the main cost of the loan, and besides this, the only additional fees are those mentioned earlier: $35 for late payments and $30 for returned payments.

Enable Loans Reviews and Reputation

Enable loans clearly warns first-time borrowers that their loans are expensive and short-term and should not be used as a long-term financial solution.

Enable Loans has received a high number of customer complaints, and its parent company, WLCC, is not accredited by the Better Business Bureau (BBB), and according to the BBB, there have been 90 complaints filed over the past 3 years. Finder.com also reports 93 total complaints, with around 40 of those resolved recently. Additionally, there is no Trustpilot profile for either Enable loans or WLCC.

The average customer rating on the BBB site is just 1 out of 5 stars (based on 10 reviews), and many borrowers express strong dissatisfaction, especially with the extremely high interest rates and what they describe as aggressive collection practices.

For example:

• One customer reported being charged 673.23% APR, with biweekly payments of $429 on a $750 loan, calling the terms “absurd.”
• Another described the company as “robbers,” saying the loan took half of their paycheck each time.

Despite the criticism, Enable Loans is a legitimate lender that does provide consumer loans. However, because of the very high interest rates, it should be considered only as a last-resort option in financial emergencies.

See Also: 7 Best $100 Instant Loan Apps in the U.S. (2025)

Regulatory Compliance

Enable Loans operates as a tribal lender that is governed by the laws of the Oglala Sioux Tribe, not by state or federal lending laws. It is licensed under the tribe’s own regulations, the Tribal Credit Code, and holds a Consumer Loan License (FS-51) issued by the Wakpamni Lake Community Corporation (WLCC).

Enable Loans is not licensed in any U.S. state, and it clearly states on its website that it does not offer loans in certain states or territories, including Illinois, Arkansas, Georgia, Massachusetts, Minnesota, New York, Pennsylvania, South Dakota, Virginia, and West Virginia, among others.

Because of tribal sovereign immunity, EnableLoans is not subject to state interest rate limits, which allows it to charge very high APRs that would normally be illegal under state laws. Some state regulators, such as those in Washington, have issued warnings that WLCC’s lending operations are not registered or authorized in their states.

For customers in excluded states, the service is unavailable; if borrowers have complaints or issues, they can only contact the Tribal Consumer Complaint Hotline listed on its website.

Key Features of Enable loans

1. Tribal Lending Model

   • Owned and operated by a tribal corporation (WLCC) under the Oglala Sioux Tribe

   • Not subject to state usury laws, allowing very high APRs

   • Licensed under tribal law, not through individual U.S. states

2. Credit Flexibility

   • No minimum credit score required

   • Uses a soft credit check (does not affect your credit score)

   • Accessible to borrowers with poor or limited credit history

3. Fast, Online Process

   • Fully digital application, available 24/7 on mobile or desktop

   • No paperwork required

   • Instant funding possible with a linked debit card; same-day ACH available for early approvals

4. Short-Term, Small-Dollar Loans

   • Loan amounts: $500–$700 for first-time borrowers, up to $2,000 for returning customers

   • Designed for brief repayment periods; not revolving credit or long-term financing

   • Must reapply for each new loan after repayment

5. Flexible Repayment Options

   • Choose between weekly, bi-weekly, or monthly installment plans

   • No prepayment penalty; early repayment may include a discounted payoff

6. Transparent Pricing

   • No hidden fees—no application or origination fees

   • Clear disclosure of costs on the “Rates & Terms” page

   • Only additional charges are:

     • $35 late fee (after 7 days past due)

     • $30 returned payment fee

7. Consumer Warnings

   • Loans are high-cost and intended for emergency use only

   • The company clearly states these loans are not suitable for long-term financial needs

   • Similar in concept to cash advance apps, but with much higher fees

Click here to apply for Enable Loans .

In summary, Enable Loans might seem like a fast and convenient borrowing option, but it comes with serious concerns: very high interest rates, limited availability, a potentially frustrating approval process, and legal protections that may not match state standards. So, what do you think—is it worth the risk? Drop a comment in the comments section.