Eight of the most sought-after Tribal Lenders (No Credit Check + Guaranteed Approval).
Mobiloans

The Tunica-Biloxi Tribe of Louisiana that was officially recognized by the federal government in 1981 as an American Indian tribe, owns the business. It conducts its business on the internet from the tribal office, which is located on the reservation of the tribe.

Mobiloans has the slogan "fast cash for people on the go." The company offers its loans to people who require cash in an emergency. Mobiloans doesn't operate under the law of the state and therefore is a tribal lender.

Mobiloans loans are similar to cash advances obtained from credit cards, despite the fact that they charge higher interest rates than traditional payday loans. Mobiloans also charge customers finance fees as well as cash advance fees. The annual percentage rate (APR), ranges from 206.14 percent to 4422.31%.

A complete review of Mobiloans can be found here.
Bright Lending

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

Bright Lending has a record rate of interest of 725% for customers who are new. The interest rate will drop to 700% when you sign up for automatic payments. The resulting amount is still 309% more than your average payday loan.

Bright Lending is a company that has been in operation for five years. They offer short-term loans that have high interest rates. . The loans are nearly twice the amount of traditional payday loans. Furthermore, loans can be up to twice the size of traditional payday loans. Federal Reserve Bank of St. Louis Payday loans come with an average interest rate of 391%.

Check out a full analysis of Bright Lending here
Spotloan

Spotloan is an alternative online tribal loan to the typical payday loan. It functions somewhat similar to Better Day Loans. Spotloan is known for offering high-interest short term installment loans to people who meet the requirements. Spotloan is different from payday lenders, permits customers to make a set of payments to pay back the loan over time.

Spotloan offers a maximum annual percentage rate of 490 percent. The maximum annual percentage rate of Spotloan (APR) is 490 percent. As an example you could borrow $600 and pay $775 weekly in finance charges. This means you'll be paying $1,375 to repay the loan of $600. If you make all of your installments on time it means that you will pay $1,375.

Spotloan is determined to provide a better alternative to payday loans. Spotloan offers the same rates as payday loans, even though it's much easier to pay the loan over time in installments. What this means is that it's tough for them to set themselves apart from other loan companies.

Read a full review of Spotloan here
Plain Green Loans

The company offers small personal loans online to customers. They must repay the loan in monthly installments. Plain Green Loans is similar to payday loans in that they provide the amount of a loan and a high interest rate .

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

American Web Loans is an online lender which is in complete control of the Otoe-Missouria Tribe of Indians. Because it legally recognizes itself as an sovereign American Indian state, it's not governed by the laws of any state.

The Indian tribe in question inhabited the Missouri River Valley from the 1600s to date. But, the business has only been operational for ten year.

American Web Loans advertises an APR range from 400 to 600%. You can borrow $800 at a rate of 400% and repay it in 28 equal installments of $126.42, which will amount to $3,539.

Read a thorough review of American Web Loans here
Big Picture Loans

Big Picture Loans is an installment loan business that caters to tribal payday loan borrowers. It has been operating for a staggering eight years.

Big Picture Loans advertises on their website that they accept up 94% of external loans applications and begin the process of disbursement for all approved loans as within the next business day.

Big Picture Loans are owned by the Lake Superior Chippewa Indians Tribe. Its operations are generally outside Watersmeet, Michigan which happens to also be one of the tribe's reservations.

Big Picture Loans offers loans of $200 to $3500 with an APR of 350% to 699%, and terms between 4-18 months. You'll pay more than $5,000 if you get a loan of $900 at an APR of 389 percent for 18 months.

Check out the complete review of Big Picture Loans here
Better Day Loans

Better Day Loans advertises itself as a viable alternative to payday loans. However, the APR of a personal loan offered by Better Day Loans is often greater than twice What Happens if I Dont Pay a Tribal Loan you would pay for a traditional payday loan. A loan of $500 at 780% and 24 payments per month of $162 will run you around $3,900.

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

Majestic Lake Financial bills itself as a tribal lender group that provides personal loans through its website. If you visit the company's section "Who We Are", you will see that they offer loans to consumers with poor credit that are in desperate need to have a flexible program. Majestic Lake Financial doesn't list the exact date they began operations. However, Majestic Lake Financial claims that they formed the company in 2013, according to the Better Business Bureau.

Majestic Lake claims that it is no longer offering loans. The company appears to have rebranded and are now operating under the Uprova names. BBB also provides additional information in the review sections. Majestic Lake Financial boasts strong business relationships with Silver Cloud Financial, Mountain Summit Financial and Golden Valley Lending. You should investigate lenders to determine whether they operate under various names, or partnering with other lenders.

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

Find the complete Majestic Lake Financial review here
Do you think it's beneficial to apply for an Indian loan?

Don't take payday loans of of any kind if you are you are in doubt. If you are unable to avoid the possibility of taking out the payday loan of any kind ensure that you be sure to read the entire agreement and know your rights.

Traditional payday loans may be more suitable than tribal payday loans if don't have any other options. Borrowers have very few protections from tribal lenders.

Find the tiniest payday loan that you can, and make a repayment plan.
Are Tribal Loan Illegal?

Tribal loans are often legally confusing. Many states have tightened their laws on payday loans. Payday lenders have been banned in some states. The National Conference of State Legislatures reports 37 states have payday lending laws.

Tribal lenders argue that because they're owned and run by the tribe, they're sovereign and the state isn't required to regulate them. Check with your state to determine the guidelines applicable to tribal lending.
FAQ
Can Tribal Lenders Garnish Wages?

If you fail to repay your loan the payday lender or debt collector could try to sue you and require you to pay. If the ruling falls in their favor, or you do not contest the suit or claim, the court will declare an order or judgment against you. The bank or collector to garnish your earnings. This can also occur if your bank, credit union or another institution receives an order to garnish your wages.
Each state has a different process that applies to the garnishment of wages and bank accounts. Federal law permits certain payments and benefits to be exempted form garnishment.
Be aware that certain tribal loan lenders can threaten garnishment to coerce borrowers to make their payments. This is despite the fact that they have no official legal authority. If you find yourself in this situation look into your legal options. Lenders must adhere to the Federal Trade Commission and Consumer Finance Protection Bureau regulations.
Is it possible for an Tribal Payday Loan Company Sue me?

A payday loan company can sue you if you default on your debt repayments. They can only sue your in the event of a delay on your repayments or if there is a violation of your loan agreement.
Payday loan lenders cannot bring you before the court of criminal jurisdiction. They can only allow the use of civil courts. Payday loan defaulters cannot be sent to jail.
Most times, lenders prefer personal talks and can assist you in creating an arrangement for your payment rather than resolve it through court.
Are Tribal Loans Garantied?

While no loan is 100 100% guarantee however, tribal loans are generally very easy to get. However, there are some conditions.
You'll need to show the driver's permit or other government identity card, verify your employment status, and maintain an active account with a bank. Also, provide your monthly income.
Do Tribal Lenders Issue Credit Bureau Reports?

In general Tribal lenders aren't required to report to credit agencies;
Can Tribal loan be used to obtain credit?

Tribal lenders aren't likely to check your credit.
How many tribal loans can you obtain at one time?

The theory is that only one tribal loan is able to be granted at a given moment by the tribal lenders. Some borrowers may be able extend their loan when they're unable make their payments on time or are able to roll an existing loan into a loan. It is also possible to find a separate tribal lender who can issue a completely separate loan. This is not recommended.