Here we want to review Enable loans, their background, how they work, 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.
About Enable Loans
Enable Loans is one of the online payday-style lenders in the U.S. owned by the Wakpamni Lake Community Corporation (WLCC), a part of the Oglala Sioux Tribe, located at the Pine Ridge Reservation in Wakpamni Lake, South Dakota, but it uses a mailing address in Solon, Iowa (PO Box 70).
Enable Loans aims to help support the tribe’s economic growth and community needs, and according to the WLCC’s mission, the goal was to promote the economic development and well-being of the Wakpamni Lake Community.
The lender is licensed under the Oglala Sioux Tribe laws and not the state laws. It has a Consumer Loan License (No. FS-51), issued in May 2024 under the Tribal Credit Code.
Enable Loans offers 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 Types and Amounts
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.
The loan uses a soft credit check to verify its user’s identity and ability to repay, without a credit score.
Enable Loan Application & Approval Process
Enable loan application processes are fully online and can be done anytime, 24/7; using the Enable loan website, you can apply for a loan by filling out a secure form with your personal, income, and banking information.
To qualify for Enable Loans, you 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, you will be required to link your bank account for income verification and to check your ability to repay the loan.
Once submitted, you’ll get a response or approval within minutes to a few hours during the business day. You will be required to sign the loan agreement to complete the process.
Funding & Repayment
Once you get approved, you will get your fund quickly. You will need to link your debit card so the funds can be sent to your account instantly. If not, the money will be deposited through a standard ACH bank transfer.
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 Loan Interest Rates and Fees
Its interest rates are 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 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.
Its loan comes with no hidden fee, but with a high interest charge, which is the main cost of the loan. Besides that, the only additional fees are those mentioned earlier: $35 for late payments and $30 for returned payments.
Enable Loan Reviews and Reputation
Enable loans clearly warns first-time borrowers that loans are expensive and for short-term needs and therefore should not be used as a long-term financial solution.
Enable Loans is one of the online lenders that gets a high number of customer complaints.
The loan 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.
Enable Loans’ average customer rating on the BBB site is just 1 out of 5 stars (based on 10 reviews). With many borrowers expressing 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 its high interest rates, you should consider it only as your last-resort option in financial emergencies.
See Also: 7 Best $100 Instant Loan Apps in the U.S. (2025)
Enable Loans Regulatory Compliance
Enable Loans operates as a tribal lender and is governed by the laws of the Oglala Sioux Tribe, not by state or federal lending laws.
It has been licensed under the tribe’s own regulations, the Tribal Credit Code, and it holds a Consumer Loan License (FS-51) issued by the Wakpamni Lake Community Corporation (WLCC).
The lender 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 like 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 rates. It 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
- loan 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
- 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
- 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
- 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
- You can reapply for each new loan after repayment.
- Choose between weekly, biweekly, or monthly installment plans
- No prepayment penalty; early repayment may include a discounted payoff
- No hidden fees—no application or origination fees
- Clear disclosure of costs on the “Rates & Terms” page
- $35 late fee (after 7 days past due)
- $30 returned payment fee
Other information
- 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, frustration in the loan 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.
