8 Most Popular Tribal Loans (No credit check and guaranteed approval)
Mobiloans

The Tunica-Biloxi Tribe in Louisiana is officially recognized by the federal government in 1981 as an American Indian tribe, owns the company. It runs its online business through an office located on the reservation.

Mobiloans is famous for its catchy slogan "fast cash to people in need." They provide loans to people who require instant cash. Mobiloans is a lender of tribal origin and operates outside of state laws.

Mobiloans loans are characterized by a similar structure to payday loans and cash advances made by credit cards. Mobiloans also charges customers finance fees as well as cash advance fees. The annual percentage rate (APR) can range from 206.14% to 4422.31 percent.

Get a complete review of Mobiloans here
Bright Lending

Bright Lending, also known by the name Aaniiih Nakada Financing is a Hays-based company for loans. It is a lender that is tribal, which implies that ownership of the company falls under an American Indian tribe. This tribe is recognized by the state. In this instance, the Indian tribe is Fort Belknap Indian Community of Montana.

Bright Lending has a record 725% interest rate for customers who are new. If you'd like to pay your loan automatically, Bright Lending will lower the rate of interest to 700 percent. The amount is still 39% higher than the average payday loan.

Bright Lending is a company that has been in operation for five years. They provide short-term loans that have high interest rates. . They cost nearly twice more than traditional payday loans. In addition, they can be up to twice the size of traditional payday loans. Federal Reserve Bank of St. Louis The average interest rate for payday loans is 391 percent.

Check out a full analysis of Bright Lending here
Spotloan

Spotloan provides an alternative to payday loans by offering the tribal loan online. It functions similar to Better Day Loans. Spotloan is known for offering high-interest short-term installment loans for those who qualify. Spotloan is different from other payday lenders. They allow borrowers the flexibility to repay their loans in a sequence of installments.

Spotloan's maximum interest rate (annual percentage rate) is 495. Spotloan will loan $600 to you, and then charge you $775 in finance charges. This means you'll be required to pay $1,375 on your $600 loan.

Spotloan tries hard to advertise its services as an alternative to payday lending. Spotloan charges similar rates to payday loans, despite the fact that it's easier to pay back the loan over time in installments. The result is that it's tough for them to distinguish themselves from other loan companies.

Check out the full review of Spotloan here
Plain Green Loans

The company operates on the internet and offers personal loans to clients. These loans must be paid back in monthly installments. Plain Green Loans' loans are similar to payday loans however, the amount of the loan is greater and the interest rate is higher.

Read the full review of Plain Green Loans here
American Web Loans

American Web Loans (or American Web Loans) is an online lender which is 100% owned by the Otoe-Missouria Tribe of Indians. Its legal status as an American Indian sovereign state means that it is not bound by state laws.

Since the 1600s in the 1600s, the Indian tribe has inhabited the Missouri River Valley. The company has been in existence for ten years in the last ten years.

American Web Loans advertises a APR range that ranges from 400 to 600 percent. If you borrow $800 at a rate of 400% and pay 28 installments of $126.42 and you pay approximately $3,539.

See a detailed review of American Web Loans here
Big Picture Loans

Big Picture Loans, a company that provides tribal payday loans provides installment loans to those who are in financial need. The company has been operational for eight years.

Big Picture Loans advertises on their website that they accept nearly 94% of loans from other lenders and start disbursement processes for all loans approved soon the next businessday.

The Lake Superior Chippewa Indians Tribe owns Big Picture Loans. The company usually operates outside Watersmeet Michigan, which happens also to be the tribe’s reserve.

Big Picture Loans offers loans of $200-$3,500 with APRs between 350 percent and 699%, loan terms from 4-18months and terms ranging of 4 to 18 months. If you borrow $900 at 389% APR over 18 months, you'll end having to pay more than $5,000.

Read a full review of Big Picture Loans here.
Better Day Loans

Better Day Loans claims to provide a better alternative to payday loans. But the APR on personal loans from Better Day Loans can be more than twice what you'd pay for a traditional payday loan. An average $500 loan at 780% APR, with 24 monthly payments of $162 each month, will cost you $3900.

Read the full review of Better Day Loans here
Majestic Lake Financial

Majestic Lake Financial is a tribe-based lending institution that provides loans through its website. When you visit Majestic Lake Financial's "Who We Are" section, you'll notice that they offer loans to those who have poor credit and are in dire require of a flexible loan. Majestic Lake Financial doesn't list the exact date they started operations. According to the Better Business Bureau it was founded in 2013.

Majestic Lake stated on its website that they no longer offer new loans. They have apparently rebranded and now operate under the Uprova names. BBB also has an "Additional information" section on its review page. They state that Majestic Lake Financial has close connections to Silver Cloud Financial, Mountain Summit Financial, and Golden Valley Lending. When you're considering borrowing, you should do your research to find out if lenders operate under multiple identities or have a partnership.

Majestic Lake offered loans between $300 and $1000. The company isn't revealing its APRs.

Find Majestic Lake Financial's complete review here.
Do You Need a Tribal Loan?

If in doubt, avoid taking a payday loan of any type in the event that you are able to. It is possible to stay clear of taking out a payday advance however it's important to know the specifics.

Traditional payday loans, when you have to choose between traditional payday loans and tribal payday loans, are far better than traditional payday lenders from tribal communities. This is because tribal lenders have limited protections for borrowers.

Try to get the smallest amount of payday loans and have a repayment strategy that is in place.
Are Tribal Loan Illegal?

Tribal loans can be legally confusing. Numerous states have passed laws that prohibit payday loans. These laws govern the amount of the loan, the interest rate, and charges. Other states have outlawed payday lenders altogether. According to the National Conference of State Legislatures, 37 states have recently passed payday lending laws .

Some lenders from tribal communities claim that their tribal ownership and operation grants them sovereign immunity, therefore state laws do not apply to them. Contact your state for guidance regarding tribal lending.
FAQ
Can Tribal Lenders Garnish Wages?

The payday or debt collector lender might try to take the case to court in order to get you to pay for the loan. If the judgment is in your favor or if you don't contest their claim or suit, the judge will declare a verdict or order against. The collector or lender will then be able to be able to garnish your wages.This means that your employer has to back a portion of the assets you are required to keep wages to pay your financial obligations, also known as wage garnishment. It also occurs when your bank or credit union is served with an order for garnishment, also called a bank garnishment.
Each state has its own process for garnishing wages and bank garnishment. For example, under federal law, certain payments or benefits can be immune to garnishment.
Some tribal loan lenders might threaten to garnishee customers to force them into making payments, even though they have no legal authority. It is important to research your legal options in the event that this happens to you. The Federal Trade Commission (FTC) as well as the Consumer Finance Protection Bureau have rules that lenders must follow.
Are Tribal Payday Lenders allowed to sue?

Simply stated, a payday lender can sue you in the event of credit is in default. They can only sue your in the event of a delay on payments or if there is a violation of your loan agreement.
Payday lenders cannot be permitted to bring you before a criminal court. Only civil courts are able to. If you don't pay back your payday loan and you fail to pay it back, you will not be sentenced to prison.
The lenders prefer to speak with you to help you create a an arrangement for payment rather than have the matter resolved through court.
Are Tribal Loans Guaranteed?

Tribal loans are available without risk, but they're not guaranteeable. But there are some requirements that must be met:
You will need to provide a driver's licence or government ID.
Are Tribal Lenders Required to Report to Credit Bureaus

Tribal lenders aren't required to provide credit reports to credit bureaus.
Do Tribal Loans Check Credit?

Many tribal lenders do not check your credit.
What number of Tribal Loans can you be allowed to hold simultaneously?

Many tribal lenders' websites declare that you'll only be eligible for one tribal loan. The borrower may be able to negotiate for a loan extension or roll the loan they have already taken into a new one. It is also possible to locate a tribal lender that will issue an entirely distinct loan. This is not advised.