8 of the Most Popular Tribal Lenders (No Credit Check and Guaranteed Approval)
Mobiloans

The company is controlled by the Tunica-Biloxi tribe of Louisiana, federally recognized as an American Indian tribe back in 1981. It does its business online from an office that is located on the tribe’s reservation.

Mobiloans is well-known by its tagline "fast cash to people on the go." They offer the opportunity to lend people immediate cash. You should be aware that Mobiloans is not restricted by the government and can borrow from tribal lenders.

Mobiloans loans appear similar to cash advances from credit cards. However they are accompanied by higher rate of interest and are identical to a conventional payday loan. Mobiloans offers borrowers an amount ranging from 206.14% up to 442.31% in annual percentage rates (APR).

Read a thorough review of Mobiloans at
Bright Lending

Bright Lending is also known as Aaniiih Nakada Financier. It's a lending company based in Hays (Mont.). Since the firm is a tribal lender its ownership is considered to be belonging to an American Indian tribe. Therefore, in this instance the Indian tribe is the Fort Belknap Indian Community of the Reservation of Montana.

Bright Lending offers a staggering 725% interest rate to new customers. If you're looking to make automatic payments, Bright lending will lower your interest rates to 700%. But the amount you pay is still more than 309% 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 . The loans are almost two times the amount of traditional payday loans. They are nearly twice as expensive than traditional payday loans. Federal Reserve Bank of St. Louis Lists the average cost of payday loans at 391%

Find a complete review of Bright Lending.
Spotloan

Spotloan, an online tribal loan option to traditional payday loans, works slightly like Better Day Loans. Spotloan provides low-interest, short-term installment loans to applicants who are qualified. Spotloan is different in comparison to other payday lenders. They offer customers the option of repaying their loans in a sequence of installments.

The maximum Spotloan APR (annual percentage rate) is 495. In other words, if you borrow $600 from Spotloan and you choose to pay bi-weekly, you'll pay $775 in finance charges which means you'll have to pay back $1,375 total for your $600 loan if you make all of your payments punctually.

Spotloan is trying to be a more attractive choice to payday lending. While it's easy to repay a loan in installments, Spotloan still charges identical rates to the average payday loan. The result is that it's difficult for them to set themselves apart from the loan market.

Read a complete review about Spotloan right here
Plain Green Loans

Currently, the company operates entirely online and offers small personal loans to clients that are repaid in installments. Plain Green Loans is similar to payday loans in that they offer a loan amount and the highest interest rate .

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

American Web Loans is an online lender which is in complete control of the Otoe-Missouria Tribe of Indians. It's legal identification as an American Indian sovereign state means that it is not bound by state laws.

Since the 1600s since the 1600s, this Indian tribe has been a part of since the 1600s in Missouri River Valley. However, the business has been in operation for only ten years.

American Web Loans advertises a range of APRs between 400-600%. If you take out $800 at a rate of 400% and make 28 repayments of $126.42 and you pay approximately $3,539.

View a complete overview of American Web Loans.
Big Picture Loans

Big Picture Loans, a tribal payday loan business, offers installment loans to people who are in financial need. It has been operating for an impressive eight year.

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

Big Picture Loans are owned by the Lake Superior Chippewa Indians Tribe. It usually operates outside of Watersmeet Michigan, which is also the tribe’s reserve.

Big Picture Loans offers loans between $200 and $3500, with APRs ranging from 350 percent and 699%, term ranges from 4 to 18 months and terms ranging of 4 to 18 months. If you pay more than $5,000, $900 with a 389% APR over 18 months will result in a loan sum of $900.

Check out a thorough analysis of Big Picture Loans here
Better Day Loans

Better Day Loans claims to provide a better alternative to payday loans. Better Day Loans' personal loans can have an APR that is double more than conventional payday loans. An average $500 loan at 780% APR, with 24 installments of $162 each month, is $3900.

Read a full analysis of Better Day Loans.
Majestic Lake Financial

Majestic Lake Financial coins itself as a lending organization for tribal communities that offers personal loans through its online portal. Check out the "Who We are" section of Majestic Lake Financial to learn the ways they can help consumers with low Bad Credit Tribal Loans Direct Lenders Only or looking for flexible loan plans. Majestic Lake Financial doesn’t provide any specific information regarding the date of their establishment. The Better Business Bureau (BBB) declares that the company was established in 2013.

Majestic Lake claims that it does not offer loans anymore. They appear to have rebranded and are now doing business under the names Ascend and Uprova. BBB provides additional information in their review pages. According to BBB, Majestic Lake Financial is having close business relations with Silver Cloud Financial and Mountain Summit Financial. When you're considering borrowing, conduct your own research to determine if the lenders operate under different identities or have a partnership.

Majestic Lake offered loans ranging from $300 to $1000. The APRs of Majestic lake are not revealed by the company.

Check out the full analysis of Majestic Lake Financial here
Do you have the right to get an Indian tribal loan?

Do not take out any payday loan whenever you can. If you can't stay away from the needing to take out payday loans, be sure to read the fine print carefully and be aware of your rights.

If you are forced to choose traditional payday loans are much better than taking out the tribal payday loan since they have no protection from lenders who are tribal.

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

Tribal loans are legal ambiguous. A number of states have cracked down on payday loans by enacting statutes to regulate loan amounts along with fees and interest. Some states have completely banned payday lenders. The National Conference of State Legislatures states that 37 states have laws on payday loans..

However, tribal lenders assert that they are exempt from state law because they are managed and owned solely by tribal nations. Check with your state to see whether it has guidelines on the lending of tribal funds.
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 make you pay. If the judgement is in your favour, or if you don't contest their claim or suit, the judge will declare the verdict or issue an order against. That means the lender or collector may take action to garnish your wages. This can also occur if your bank, credit union or any other institution is served with notice of garnishment.
Each state has its own procedure for both wage garnishment and bank garnishment. In federal law, some payment and benefits are exempt from garnishment.
Some tribal loan lenders might threaten to garnishee customers to force them to make payments, despite having no legal authority. Research your legal options in the event that this happens. The Federal Trade Commission (FTC) as well as the Consumer Finance Protection Bureau have rules that lenders must follow.
Can an Tribal Payday Loan Company Sue you?

Simply stated, a payday lender will sue you if your debt defaults. They will only sue in the event that you're not on time in paying your debt or have violated the original loan agreement.
Payday lenders are not able to bring payday loan borrowers before a judge for criminal charges. If you don't pay back the loan you received from payday lenders and you fail to pay it back, you will not be put in prison.
The majority of lenders will prefer private negotiations and can assist you in establishing a payment plan rather than settle it through court.
Are Tribal Loans guaranteed?

There is no guarantee that a loan will be granted the tribal loan is easy to obtain. But there are certain requirements to be fulfilled:
You must present a driver's license or government ID.
Are tribal lenders required to report to credit bureaus?

Tribal lenders aren't required to provide credit reports to credit bureaus.
Can Tribal loan be used against credit?

Most tribal lenders do not verify your credit.
How many Tribal Loans can you get at once?

The idea is that only one loan from the tribe can be given at any moment by the tribal lenders. Borrowers may be able for a loan extension, or roll the loan they have already taken into a new one. It's possible to locate another tribal lender willing to make a loan. This is not a good idea.