8 of the Most popular Tribal Loans (No Credit Check + 100% approval guarantee)
Mobiloans

The Tunica Biloxi Tribe is Louisiana's owner. The tribe was officially recognized as an American Indian Tribe in 1981. It conducts 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 market its loans to people who require it. Mobiloans, a tribal lender, isn't subject to state laws.

Mobiloans loans are very like cash advances made with credit cards, despite the fact that they charge higher interest rates than traditional payday loans. Mobiloans also charges the borrower finance charges and cash advance fees. The annual percentage rate (APR) can range from 206.14 percent to 4422.31%.

Check out a full review of Mobiloans here.
Bright Lending

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

Bright Lending's interest rate is a whopping 725% for new customers. New customers will pay Bright Lending's interest rate is 725%. If you opt to subscribe to automatic payments Bright Lending will cut the rate of interest to 700 percent. However, the amount you get is still more than 309% than the typical payday loan.

Bright Lending is a company that has been running for five years. They offer short-term loans with high interest rates. . The loans are more than double the amount of traditional payday loans. In addition, they cost nearly twice as expensive as traditional payday loans. Federal Reserve Bank of St. Louis The average rate of interest for payday loans is 391%.

Read the full review on Bright Lending.
Spotloan

Spotloan Online Spotloan, a tribal loan alternative in addition to traditional payday loans operates in a similar way to Better Day Loans. Spotloan is known to offer quick, high-interest installment loans to borrowers who are worthy. Spotloan, unlike payday lenders, permits borrowers to make a series installments to repay their loans over time.

Spotloan's maximum annual percentage rate (APR) is 490 percent. As an example, suppose you take out a loan of $600 from Spotloan and you choose to pay bi-weekly, you'll pay $775 in finance costs, meaning you'll pay back $1,375 total for your $600 loan if you make all of your payments in time.

Spotloan is determined to be a better alternative to payday loans. The loan repayments at Spotloan are much easier than traditional payday loans. It's hard to distinguish them from loan companies.

See a complete analysis of Spotloan
Plain Green Loans

The company is currently completely online and provides small personal loans to its customers. These are repaid in installments. The loans provided through Plain Green Loans are similar to a payday loan with regard to the loan amount and the extremely high rate of interest.

Check out a detailed review of Plain Green Loans.
American Web Loans

American Web Loans (or American Web Loans) is an online lender completely owned by the Otoe-Missouria Tribe of Indians. Since it's legally recognized as a sovereign American Indian State, it isn't subject to state laws.

Since the 1600s in the 1600s, the Missouri River Valley has been home to the Indian tribe. The company, however, has only been in operation since the last ten years.

American Web Loans' APR advertises a range between 400-600%. If you want to borrow $800, you could borrow it at the 400% interest rate , and pay it back in 28 installments of $126.42. You'll pay around $3.539.

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

Big Picture Loans, a tribal payday loan company provides installment loans to those in need. The business has been operational for more than 8 years.

On their homepage, Big Picture Loans states that they willingly take up to 94% of outside applications and begin the distribution process of all approved loans within the next day of business.

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

Big Picture Loans offers loan amounts between $200 and $3,500. APRs vary between 350% and 699 percent. The loan terms are flexible from 4 to 18 months. At a rate of 389%, borrowing $900 over 18 months will earn you over $5,000.

Find a complete review of Big Picture Loans.
Better Day Loans

Better Day Loans advertises itself as a viable alternative to payday loans. But the APR on a personal loan from Better Day Loans can be more than twice what you'd pay on a traditional payday loan. The cost of a $500 loan with interest of 780% and 24 monthly payments of $162 would be around $3,900.

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

Majestic Lake Financial is a tribal lending company that provides loans via its online portal. Visit the "Who We are" section on Majestic lake Financial to find out the ways they can help those with bad credit or who are in need of a flexible loan plan. Majestic Lake Financial does not give a specific date for when they started operations. However Majestic Lake Financial's Better Business Bureau says that the business was established in 2013.

Majestic Lake says on its website that they are not offering loans for new customers. The company appears to have changed its name and are now operating under the names Ascend and Uprova. BBB also provides additional details on their review page. Majestic Lake Financial also has close business relations with Mountain Summit Financial and Silver Cloud Financial. It is important to research lenders to see whether they're operating under various names, or partnering with other lenders.

Majestic Lake provided loans from $300 to $1000. The company won’t divulge its APRs.

Check out the full analysis of Majestic Lake Financial here
Are you eligible to take out an Indian tribal loan?

Do not take any kind of payday loan in case you are unsure. It is important to go through the terms and conditions and know your rights should you be unable to keep from taking payday loans.

Traditional payday loans may be more suitable than tribal payday loans if you do not have other options. Borrowers have very few security options from tribal lenders.

Try to get the smallest payday advance and you should have a plan for repayment.
Are Tribal Loan Illegal?

Tribal loans can be governed by legal ambiguities. Many states have tightened their payday lending laws. Payday lenders have been banned in some states. According to The National Conference of State Legislatures 37 states currently have payday lending legislation.

Tribal lenders claim that since they're owned and run by a tribe, they are sovereign, and the state doesn't have to regulate them. Be sure to check with your state the guidelines it provides for loans to tribal groups.
FAQs
Can Tribal Lenders Garnish Wages?

The debt collector or payday lender may try to bring your case to court in order to make you pay the loan. If the judge's decision is in your favour, or if you aren't able to contest their claim or suit, the judge will declare an order or verdict against. This allows the bank or collector to garnish your wages. This could happen when your credit union or bank receives a garnishment request (also known as a bank garnishment).
Each state has its own method for garnishment of wages and bank garnishment. For example, under federal law, certain types of benefits or payments may be immune to garnishment.
Be aware that tribal loan lenders might threaten to garnish customers to make them pay, regardless of any legal authority. You should investigate your legal options if you are affected by this. The Federal Trade Commission (FTC) as well as the Consumer Finance Protection Bureau have rules that lenders must follow.
Does a Tribal Payday Loan Company Sue you?

Simply stated, a payday lender will sue you if you credit is in default. They are only able to sue you if you're late on your payments or if you breach the loan contract you signed at the beginning.
Payday lenders are not permitted to bring you before an indictment. Only civil courts are able to. You cannot go to jail if you aren't able to repay the loan.
Most of the time, lenders favor personal talks and can assist you in establishing a payment plan rather than settle it in court.
Are Tribal Loans secured?

Tribal loans are available with little or no risk, but they aren't guaranteeable. These are the basic conditions.
You'll need a driver's license and a government ID as proof of employment as well as a bank account and your monthly income to be able to submit the required documents.
Are Tribal Lenders Required to Report to Credit Bureaus

Tribal lenders generally don't report to credit bureaus.
Tribal Loans May Check Credit

Most tribal lenders won't verify your credit.
How Do I Get Out of a Tribal Loan many Tribal Loans are you permitted to keep at the same time?

Most tribal lenders' websites suggest that you only can be eligible for one tribal loan at a time. Some borrowers may be able negotiate for a loan extension when they're unable pay their loan on time or have an existing loan rolled into a loan. It's possible to find another tribal lender willing to give loans. This is not recommended.