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

The Tunica Biloxi Tribe, a federally recognized American Indian tribe in Louisiana is the owner. It conducts its business online from an office that is located on the reservation of the tribe.

Mobiloans utilizes the tagline "fast cash for those on the go" to advertise its loans to those who need it. Mobiloans is a tribal lender that is not regulated by state laws.

Mobiloans loans appear like cash advances made by credit cards. However they are accompanied by higher interest rates and are closely identical to a conventional payday loan. Mobiloans also charges borrowers finance fees and cash advance charges. The annual percentage rate (APR) is a range of 206.14% to 4422.31 percent.

Read the complete review of Mobiloans here
Bright Lending

Otherwise termed as Aaniiih Nakoda Finance, Bright Lending is a loan company based in Hays, Mont. Because the company is a lender for tribal communities, its ownership is recognized as belonging to an American Indian tribe. The Fort Belknap Indian Community of Montana is the Indian tribe in this case.

Bright Lending's rates of interest are astronomically high for new customers. If you decide to sign up for automatic payments the company will reduce the interest rate down to 700 percent! This is 30% higher than the average payday loan.

Bright Lending, active for the past five years provides short-term payday loans with high interest rates . The loans they offer are nearly double the amount of an average traditional payday loan. They are nearly twice as costly than traditional payday loans. Federal Reserve Bank of St. Louis The typical interest rate for payday loans is 391%.

View a complete review of Bright Lending at
Spotloan

Spotloan is a tribal loan alternative online in comparison to traditional payday loans, that operates in a similar manner as Better Day Loans, is accessible via the internet. Spotloan has a reputation for offering high-interest, short-term installment loans for those who are qualified. In contrast to payday lenders, Spotloan lets their customers repay their loans in the form of a series of installments over time to put this into perspective.

Spotloan has the highest annual percentage rate of 490 percent. Spotloan allows you to borrow $600 with a bi-weekly installment of $775 for cost of financing. You'll then pay $1.375 to complete your $600 loan if your payments are made punctually.

Spotloan is working to become a better alternative to payday loans. Spotloan charges the same rates that a traditional payday loan, even though it may appear easier to pay back loans in monthly installments. The result is that it's tough for them to distinguish themselves from the loan industry.

Check out a complete review on Spotloan here.
Plain Green Loans

The company is currently operating online and provides personal loans to clients. These loans must be repaid by monthly installments. Plain Green Loans loans are like payday loans in that they are compared to amounts of loans and extremely high interest rates.

View a complete review of Plain Green Loans.
American Web Loans

American Web Loans is an Internet lender that's fully owned by Otoe-Missouria Tribe of Indians. Because it legally recognizes itself as a sovereign American Indian state, it's not governed by the laws of any state.

Since the 1600s, the Missouri River Valley has been home to the Indian tribe. This business, however has been operational for only 10 years.

American Web Loans offers an APR range of 400-600%. This means that if you borrow $800 and pay more than 28 of $126.42 the loan costs you $3,539.

Check out a full analysis of American Web Loans here
Big Picture Loans

Big Picture Loans (tribal payday loan company) provides installment loans to people who are in financial trouble. The business has been operational for a long time, spanning over 8 years.

Big Picture Loans' homepage states that they are open to accepting as much as 94% of outside applications. They will start disbursement of approved loans on the next business day.

Big Picture Loans is under control of the Lake Superior Chippewa Indians Tribe. It is typically located outside of Watersmeet (Michigan) which happens to be on the reservation of the tribe.

Big Picture Loans offers loans ranging in amount from $200 to $3500 with an APR of between 350% and 699% and terms between 4-18 months. It will cost more than $5,000 when you take out $900 and pay an interest rate of 389 percent for 18 months.

Read the full 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 have an APR which is two times more as conventional payday loans. A $500 loan at 780% with 24 payments per month totaling $162 could cost you $3,900.

View a detailed analysis of Better Day Loans.
Majestic Lake Financial

Majestic Lake Financial is a tribal lending company that provides loans through its website. When you look through the company's "Who We Are" section, you'll find that they offer loans to those with low credit and that are in desperate need of a flexible plan. Majestic Lake Financial does not give a specific date for when they started operations. The Better Business Bureau (BBB) states that the business was formed in 2013.

Majestic Lake claims that it does not offer loans anymore. It appears that they have changed their branding and operate under the Uprova name. BBB also offers more details on their review page. They say that Majestic Lake Financial has close business ties with Silver Cloud Financial, Mountain Summit Financial and Golden Valley Lending. If you're thinking of borrowing, do your homework to determine if the lenders operate under different identities or are partnered.

Majestic Lake offered loans ranging between $300 and $1000. The company hasn't disclosed its APRs.

Get a complete review of Majestic Lake Financial here
Do you think it's an ideal idea to take a tribal loan?

Do not take out payday loans whenever you can. Payday loans are not an option. Make sure you read and fully understand the specifics.

If you have no choice, traditional payday loans are far better than taking out an unsecured tribal payday loan due to the fact that the borrowers are not protected from lenders who are tribal.

Make sure you get the smallest payday loan that you can, and create a repayment program.
Are Tribal Loan Illegal?

Tribal loans are legally ambiguous. A number of states have clamped down on payday loans, either with statutes that restrict the amount of loans along with fees and interest. Other states have outlawed payday lenders altogether. The National Conference of State Legislatures states that 37 states have laws on payday loans..

Some tribal lenders assert that their ownership of the tribe and operation grants them sovereign immunity, therefore state laws do not apply to them. Be sure to check with your state to see whether it has guidelines on loans to Tribal Payday Loan Scams groups.
FAQ
Can Tribal Lenders Garnish Wages?

If you aren't able to pay for the loan in time The payday lender or debt collector might attempt to take you to court to forcefully pay. If they succeed or you fail to dispute the lawsuit or claim that the court has made, they will issue a judgment against you. This means that the lender or collector could take your wages. It could also happen if your bank or credit union receives a garnishment request (also called the bank garnishment).
Every state has their own rules to handle wage garnishment and bank garnishment. For example under federal law certain payments or benefits can be exempt from garnishment.
Be aware that certain tribal loan lenders will threaten garnishment to force borrowers to pay. This is in spite of the fact that they are not legally recognized as having any authority. If this happens to you consider your legal options. The Federal Trade Commission (FTC) and the Consumer Finance Protection Bureau have guidelines that lenders must adhere to.
Is it possible for a Tribal Payday Loan Company Sue me?

Simple terms will say that a payday loan company will sue you when you fail to pay your debts. They cannot sue you if your payments are in arrears or if your loan agreement is violated.
Payday lenders cannot bring payday loan borrowers before a judge for criminal charges. If you fail to pay the payday loan in time, you aren't able to be incarcerated.
Lenders are more open personal negotiations than to settling the matter in court.
Are Tribal Loans Garantied?

Although there is no guarantee that a loan will be granted however, tribal loans are simple to access. There are however, a few requirements.
You'll need the driver's license or a government ID.
Are Tribal lenders required by law to submit a credit report?

In general the case of tribal lenders, they are not required to report to credit bureaus.
Can Tribal loan be used to obtain credit?

The majority of tribal lenders will not verify your credit.
How Many Tribal Loans Could be a person at the same time?

Many tribal lenders' websites declare that you'll only be qualified for one loan from a tribal lender. The borrower may be able to request a loan extension in the event that they are unable to pay their loan on time or have an existing loan rolled into the loan. It is also possible to locate a tribal lender who will issue an entirely distinct loan. It is not recommended.