8 of the Most Well-liked Tribal Loans (No Credit Check and 100% Approval Guaranteed)
Mobiloans

The Tunica Biloxi Tribe is Louisiana's owner. This tribe was officially recognized as an American Indian Tribe in 1981. It operates its business online from an office located on the reservation of the tribe.

Mobiloans advertises its loans to individuals who are in urgent need for cash. It is important to know that Mobiloans' operations are not restricted by the government and can take loans from tribal lenders.

Mobiloans loans are characterized by a similar structure to payday loans as well as cash advances made by credit cards. In addition to finance charges and cash advance fees, Mobiloans charges its customers an annual percentage rate (APR) which ranges from 206.14 percent and 442.31%.

A full review of Mobiloans can be found here
Bright Lending

Also known as Aaniiih Nikoda Finance Bright Lending is a loan company located in Hays, Mont. The status of a tribal lender means that ownership falls within the authority of an American Indian tribe. The Fort Belknap Indian Community of Montana is the Indian tribe in this instance.

Bright Lending's interest rates are staggeringly high for new customers. The interest rate will drop to 700% when you sign up for an automatic payments. But the amount you get is still 30% more than your average payday loan.

Bright Lending has been active for 5 years and offers short-term payday loan with high interest rates. . The loans are almost two times as much than traditional payday loans. Furthermore, the Federal Reserve Bank of St. Louis Payday loans have an average interest rate of 391%.

Check out a full review of Bright Lending.
Spotloan

Spotloan is an online-based alternative to tribal loans that is a better option than the average payday loan that operates slightly similarly to Better Day Loans. Spotloan offers quick-term, high-interest installment loans to applicants who are qualified. Spotloan provides a means for the borrower to repay their loan in a gradual manner that is a major difference from payday lenders.

Spotloan offers a maximum annual percentage rate of 490 percent. The maximum annual percentage rate for Spotloan (APR) is 490%. As an example you could borrow $600 and pay $775 weekly in finance fees. This means you will pay $1,375 for your $600 loan. If you make all your payments on-time it means that you'll pay $1,375.

Spotloan is trying to position itself as an alternative to payday lending. Spotloan's loan repayments are easier than conventional payday loans. It's difficult for them to be different from loan companies.

Review a thorough review of Spotloan HERE
Plain Green Loans

The company operates entirely online at the moment and provides customers with smaller personal loans. These loans must then be paid every month. Plain Green Loans' loans are similar to payday loans however, the amount of the loan is higher and the interest rate is much higher.

See a full review on Plain Green Loans here
American Web Loans

American Web Loans is an internet lender that is fully owned by the Otoe-Missouria Tribe of Indians. It is recognized legally as an American Indian sovereign state and therefore, its rights are not limited by laws of the state.

The Indian tribe is believed to have existed in the Missouri River Valley since at least 1600. The company is in existence only for ten of the past ten.

American Web Loans' APR is advertised as ranging from 400-600% If you borrow $800 at the 400% rate, and pay it off over 28 payments of $126.42 and you'll be paying about $3,539.

Check out a comprehensive overview of American Web Loans.
Big Picture Loans

Big Picture Loans (tribal payday loan company) provides installment loans to those who are in financial trouble. The business has been operating for more than 8 years.

Big Picture Loans' homepage states that they will consider up to 94% of external applications. They'll begin the disbursement of approved loans the next day.

Big Picture Loans are owned by the Lake Superior Chippewa Indians Tribe. The company is usually located outside of Watersmeet, Michigan, which happens to be the tribe's reservation.

Big Picture Loans offers loans between $200 and $3,500. They offer APRs from 350% to 699% and terms that range between 4 and 18 months. If you borrow $900, you'll pay more than $5,000 for an APR of 389%.

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

Better Day Loans promotes itself as an alternative to payday loans. Better Day Loans' personal loans are available with an APR that is twice higher as conventional payday loans. A loan of $500 at 780%, with 24 payments per month totaling $162 will run you around $3,900.

See a complete analysis of Better Day Loans HERE
Majestic Lake Financial

Majestic Lake Financial describes itself as a tribe-based lending business that offers personal loans through an online portal. Visit the "Who We Are" section of Majestic lake Financial to find out the ways they can help those with bad credit or looking for flexible loan plans. Majestic Lake Financial didn't give an exact date for its launch. However, according to the Better Business Bureau (BBB) the company was incorporated in the year 2013.

Majestic Lake says on its website that it will not offering loans for new customers. The company appears to have changed its name and are now doing business under the brand names Ascend and Uprova. BBB also provides an "Additional information" section on its review page. Majestic Lake Financial also has close business relations with Mountain Summit Financial and Silver Cloud Financial. You should research lenders to find out if they are working under various names, or working with lenders from other sources.

Majestic Lake offered loans ranging from $300 to $1000. The APRs are held by Majestic lake.

Get a complete review of Majestic Lake Financial here
Are you eligible to take out a tribal loan?

When in doubt, avoid taking a payday loan of any kind if you can. Payday loans aren't an alternative. Make sure you read and fully understand the terms.

Traditional payday loans may be a better option than tribal payday loans when you aren't able to find other alternatives. Borrowers have very few options to protect themselves from lenders who are tribal.

Aim to take out the smallest possible payday loan and be sure to have a repayment plan that is in place.
Are Tribal Loan Illegal?

Tribal loans have legal unclear legal. A number of states have tightened their laws regarding payday loans. Other states have outlawed payday lenders altogether. According to the National Conference of State Legislatures 37 states now have laws governing payday loans..

But some tribal lenders argue that since they're owned and operated by a tribe They have sovereign immunity and that state laws aren't applicable to them. To determine if your state offers guidelines for lending to tribal groups, make certain to read it.
FAQ
Can Tribal Lender Payday Loans to Pennsylvania Lenders Garnish Wages?

If you fail to pay your loan in full The payday lender or debt collector could try to take you to court to forcibly pay. If the decision is in their favor , or they do not challenge the claims and the court is able to issue a judgment or an order against you. The lender or collector has the right to garnish your wages. This is also known as wage garnishment. This could happen when your bank or credit union receives a garnishment notice (also called the bank garnishment).
Every state has their own procedures that apply to both bank garnishment as well as wage garnishment. Federal law allows certain payments and benefits to be protected form garnishment.
Some tribal loan lenders might be threatening to garnish customers to force them into making payments, despite having no legal authority. If you find yourself in this situation look into your legal options. The lending institutions must adhere to the Federal Trade Commission, and Consumer Finance Protection Bureau.
Can a Tribal Payday Loan Company Sue You?

Simply simply put, a payday loaner will sue you if your defaults on your loan. They cannot claim against you for late payments or if you are in arrears or if your loan contract is not followed.
Payday lenders won't be able to take you to court for criminal charges. Instead, they'll only take you to civil court. The defaulters of payday loans cannot be sent to jail.
The lending industry is more open to individual negotiations than to the settlement of a case in court.
Are Tribal Loans guaranteed?

Tribal loans are typically accessible however, they are not guaranteed. There are however, certain prerequisites.
You need to show a driver's license or a government ID.
Are Tribal Lenders required to report to Credit Bureaus?

Tribal lenders aren't required to provide credit reports to credit bureaus.
Tribal Credit Checks and Loans?

Most tribal lenders won't verify your credit.
How many tribal loans could be at hand at any one time?

The majority of tribal lenders' websites advise that you can only get one tribal loan at one time. The borrower may be able to negotiate to extend the loan, or roll the loan they have already taken into a new loan. However, it is possible to locate a tribal lender who is willing to provide separate loans. It is not something you can do.