8 of The Most Popular Tribal Loans (No Credit Check and 100% Approval Guaranteed)
Mobiloans

The Tunica Biloxi Tribe is Louisiana's owner. The tribe was federally acknowledged as an American Indian Tribe in 1981. The company operates online using an office situated on the tribe's reservation.

Mobiloans is known as "fast cash for those on the go." The company offers its loans to people who require emergency cash. Mobiloans is a lender of tribal origin and operates outside of state laws.

Mobiloans loans are often similar to traditional payday loans, but they are much the same as cash advances made by credit cards. In addition to finance charges and cash advance fees, Mobiloans charges the borrower an annual percentage rate (APR) that ranges between 206.14 percent to 442.31 percent.

Read the complete review on Mobiloans here
Bright Lending

Bright Lending, also known as Aaniiih Nakada Finance, is a Hays-based loan company. Since the company is a tribal lender its ownership is considered to be belonging to an American Indian tribe. That means the Indian tribe here is the Fort Belknap Indian Community of Montana.

Bright Lending offers a staggering 725% interest rate for new customers. If you want to set up automatic payments Bright Lending will reduce the interest rate to 700%. It's nonetheless 309% more than the average payday loan.

Bright Lending has been active for the past five years and provides short-term payday loans at high interest rates. . They are more than twice the amount of your typical payday loan. The loans are about twice as costly as traditional payday loans. Federal Reserve Bank of St. Louis It lists the cost of payday loans at 391%.

Read the full review of Bright Lending here
Spotloan

Spotloan is an alternative online tribal loan to the typical payday loan. It functions somewhat similar as Better Day Loans. Spotloan is known to offer high-interest, short-term installment loans to qualified applicants. Unlike most payday lenders, Spotloan lets their customers repay their loans in a series of payments over time to make sense of this.

Spotloan offers a maximum annual percentage rate of 490%. As an example, suppose you get a loan of $600 from Spotloan and you choose to pay bi-weekly, you'll pay $775 in finance charges, meaning you'll pay back $1,375 in total for your $600 loan -- if you pay all of your payments punctually.

Spotloan is working to be a more attractive alternative to payday lending. Spotloan offers the same interest rates for payday loans, just as it does for a loan. While it may seem simpler to repay a loan in the long run, Spotloan still charges the same interest rates. This means they're not able to stand out from the other loan business.

View a detailed review of Spotloan HERE
Plain Green Loans

The company operates completely online right now and gives customers smaller personal loans. These loans must then be paid each month. Plain Green Loans offers loans that are similar to payday loans in terms of the amount as well as the high interest rates.

Check out the complete review of 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 legally recognized as sovereign American Credit Line Tribal Lender (tribal-loans-92.myloanforyou.site) Indian country, so it isn't restricted by state laws.

The Indian tribe that is in question has inhabited the Missouri River Valley from the 1600s to date. The business has been operational for only 10 years.

American Web Loans offers an APR range of 400-600%.. That means that if you borrow $800 and pay over 28 of $126.42 the loan will cost you $3,539.

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

Big Picture Loans offers payday loans to tribal borrowers. The company has been fully functioning for eight years.

Big Picture Loans, on their homepage, states that they will accept up to 94% of outside applications and can begin disbursement for all approved loans the following business day.

Big Picture Loans belongs to the Lake Superior Chippewa Indians Tribe. It is usually located outside Watersmeet Michigan which is the tribe's reserve.

Big Picture Loans offers loan amounts ranging from $200 to $3,500. APRs vary from 350% to 699%. Loan terms can vary from 4 to 18 months. For $900, you'll spend more than $5,000 to get an APR of 389%..

Read the full review of Big Picture Loans here
Better Day Loans

Better Day Loans touts itself as an alternative to payday loans. But the APR on personal loans from Better Day Loans can be greater than double what you'd pay for a conventional payday loan. A loan of $500 at 780% APR with 24 payments of $162 per month will cost you about $3,900.

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

Majestic Lake Financial is described as a tribal-owned lending institution that provides personal loans online. You'll see that the company is geared towards those with low credit scores and are in dire need of flexible solutions. Majestic Lake Financial doesn’t provide any information about the exact date of their establishment. However, Majestic lake Financial states that they formed the company in 2013 according to the Better Business Bureau.

Majestic Lake stated on its website it no longer offers new loans. The company is changing their name and operating under the names of Ascend, Ascend , and Torova . The BBB has also added an "Additional Information" section on their review page. They say that Majestic Lake Financial has close relations with Silver Cloud Financial, Mountain Summit Financial and Golden Valley Lending. You should investigate lenders to determine whether they're operating under various names, or partnering with lenders from other sources.

Majestic Lake provided loans from $300 to $1000. The company isn't revealing its APRs.

Read the complete analysis of Majestic Lake Financial here
Should You Take Out A Tribal loan?

If in doubt, avoid taking a payday loan of any type if you can. Payday loans are not an alternative. You must know the terms.

Because traditional payday loans have less protection than tribal lenders, they're better than traditional tribal payday loans.

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

Tribal loans can be legal ambiguous. Many states have taken steps to curb payday loans. They've passed statutes which regulate loan amounts as well as fees and interest. Some have banned payday lenders completely. According to the National Conference of State Legislatures 37 states currently have legislation on payday lending.

Certain tribal lenders assert they are sovereign-independent which means that state laws don't apply since they're wholly operated and controlled by tribal groups. Be sure to check with your state to determine if it offers guidance on the lending of tribal funds.
FAQ
Can Tribal Lenders Garnish Wages?

The payday or debt collector lender could try to take the case to court to make you pay the loan. If they prevail or you fail to contest the suit or claim that the court has made, they will issue an order against you. The collector or lender is then able to take your wages. This is also known as wage garnishment. It could also happen if your credit union or bank receives a garnishment request (also called the bank garnishment).
Each state has its own unique procedures for bank garnishment and wage garnishment. In some cases, benefits or payments can be exempted by federal law.
Some tribal loan lenders might be threatening to garnish customers to force them into making payments, despite having no legal authority. Research your legal options in the event that this occurs. Lenders must comply with the Federal Trade Commission(FTC) as well as the Consumer Finance Protection Bureau.
Is it possible for an Tribal Payday Loan Company Sue Me?

The short answer is Yes. The payday loan business can sue you if you default in the repayment of your debts. They are only able to sue you in the event of a delay on your repayments or if there's an infringement of your loan agreement.
Keep in mind that payday lenders cannot send you to a court for criminals -only civil courts. If you fail to pay back your payday loan on time, you can't go to jail.
Most lenders prefer personal negotiations. Instead of having to settle it through a court case, they'll help you set the payment arrangement.
Are Tribal Loans Trustworthy?

Tribal loans are typically simple to obtain however, no loan is guaranteed. These are the basic requirements.
You'll have to show the driver's permit or other government identification, confirm your employment status, and maintain an active bank account. Also, provide your income for the month.
Do Tribal Lenders Offer Credit Bureau Reports?

In general tribes, tribal lenders do not have to report to credit bureaus..
Tribal Loans May Check Credit

Tribal lenders are not likely to examine your credit.
How many Tribal Loans Can You Have At Once?

Most tribal lenders' websites advise that you can only qualify for one tribal loans at one time. The borrower may be able to request a loan extension in the event that they are unable to make their payments or have an existing loan rolled into the loan. However, it's possible to find a different tribal lender that can issue an entirely different loan. It is not recommended.