Reservation Sign

Tribal lending guide – companies and rates

Many tribal lenders are able to use their sovereign immunity to circumvent standard payday loan regulations.

A tribal lender is a lending institution that is based on tribal land and operated by the Native American community. Tribal lenders offer many of the same products as traditional lenders, but because they are based out of reservations, they are protected sovereign territories and they don’t have to adhere to the same restrictions.

SWIFT Payday Loan

SWIFT Payday Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Min. Loan Amount: $200
  • Loan Term: Varies by lender
  • Turnaround Time: Next business day
  • Total Costs: APR varies by lender
  • Must be 18+
  • No security needed
  • Confidential and secure!

    What is tribal lending?

    Many tribal lenders are represented by the Native American Financial Services Association (NAFSA), which advocates and enables tribes to offer responsible online loans.

    Many beneficial Native American programs are funded with money from short term/payday loans. These include health care, housing, and various educational and youth programs.

    Tribal lenders can lend money to tribal and non-tribal borrowers, and they can even lend money to customers in states where payday lending is normally illegal. While many are legitimate and fair lenders, keep in mind that because they are a sovereign instrumentality, they cannot be sued.

    Where can I get a tribal loan?

    Top online tribal lenders

    Blue Trust Loans

    Hummingbird Funds, LLC is a sovereign enterprise, and wholly-owned and operated by the Lac Courte Oreilles Band of Lake Superior Chippewa Indians, a federally-recognized sovereign American Indian Tribe.

    Blue Trust Loans is a member of the Online Lenders Alliance (OLA).

    • Max. Loan Amount: $1250
    • Loan Term: Up to 24 months
    • Turnaround Time: Next business day
    • Maximum APR: Varies

    Click here for more info on Blue Trust Loans

    Big Picture Loans

    Big Picture Loans formerly operated as Castle Payday. It is a completely owned and operated entity of the Lac Vieux Desert Band of Lake Superior Chippewa Indians. This tribally-owned lender is registered with the tribe’s reservation in Watersmeet, Michigan. It carries out all its operations on tribal land within the same region.

    • Max. Loan Amount: $1500
    • Loan Term: Varies, but the average is 14 days
    • Turnaround Time: Same or next business day
    • Total Cost of Borrowing $100: $35 for every $100 you borrow

    Click here for more info on Big Picture Loans

    Lendgreen Installment Loans

    Lendgreen is a provider of installment loans and operates within the boundaries of the Lac du Flambeau Reservation, as a federally-recognized sovereign Indian Tribe.

    • Max. Loan Amount: $400 for first time customers, $1000 for return customers
    • Loan Term: Up to 18 months
    • Turnaround Time
    • Maximum APR: 795%

    Click here for more info on Lendgreen Installment Loans

    ActionPayday Short Term Loans

    FSST Financial Services, LLC, dba Action PDL Services owns and operates ActionPayday.com. The Flandreau Santee Sioux Tribe, a federally recognized Indian Tribe, wholly owns this company. It operates and provides short term loans from within the tribe’s reservation.

    • Max. Loan Amount: $1500
    • Loan Term: Varies
    • Turnaround Time: 1-2 business days
    • Total Cost of Borrowing $100: $30 for every $100 for 15 days

    Click here for more info on ActionPayday Short Term Loans

    SWIFT Payday Loans

    While SWIFT doesn’t provide loans themselves, they work with many lenders (including tribal lenders) to help you find the loan that’s best suited for you.

    • Max. Loan Amount: $1000 for first time borrowers, $1200 for return customers (depending on the lender)
    • Loan Term: Varies
    • Turnaround Time: Next Business Day
    • Maximum APR: Varies

    Click here for more info on SWIFT Payday Loans

    Compare more short-term loan options

    A selection of tribal loans you can apply for

    Here are some loan providers that you can apply with. Note that the max loan amount is based on the lender’s max amount and your state of residence. Check the websites of any providers you’re interested in to confirm they operate where you live.

    Rates last updated September 25th, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,000
    Varies by lender
    Next business day
    Blue Trust Loans Installment Loans
    Get an installment loan you don't have to pay back in one lump sum.
    $2000
    6 months
    As soon as next business day

    Compare up to 4 providers

    A selection of lender matching services you can apply with

    These lender matching services are not lenders, loan brokers or agents for any lender or loan broker. They also do not make credit decisions. They focus on trying to match you with a lender that might be able to provide you the funds you seek. Note that the max loan amount is based on the matching services max amount, but it will vary based on your state of residence. If you proceed with one of these services, confirm that the lender is reputable by checking with your local government.

    Rates last updated September 25th, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
    Bad Credit Loans Personal Loans
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    3 to 60 months
    Varies based on lender
    Slam Dunk Loans
    Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.
    $2,500
    Varies by lender
    As soon as next business day
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,000
    Varies by lender
    Next business day
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be matched with a network of lenders for funding at rates that vary by state.
    $1,000
    Varies based on lender
    As soon as next business day
    LoanSolo.com Payday Loans
    $1,000
    Varies by lender
    As soon as one business day
    ExtraLend.com Installment Loans
    $3,000
    Varies by lender
    As soon as one business day
    iCashLoans.com Short Term Loans
    $1,000
    Varies by lender
    Varies by lender
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this broker may be able to match you among its nationwide network of lenders.
    $999
    Up to 12 months
    1–2 days

    Compare up to 4 providers

    Is it safe to take out a tribal loan?

    Considering that tribal lenders don’t have to follow any state statutes, a common concern is whether or not they are safe. Yes, they are safe overall, but they’re not cheap. Just like regular payday loans, tribal loans carry extremely high APRs. This is the main reason payday loans are illegal in many states.

    What’s the controversy about?

    Many American Indian tribes have the financial resources to be able to fund their lending business and are members of the Online Lenders Alliance (OLA), which offers peace of mind to consumers. Unfortunately, some less self-sufficient tribes are engaging in illegal and irresponsible lending practices in order to gain revenue.

    Tribal lenders will partner with a 3rd party, non-tribal lender to provide short term loans to consumers. The tribe operates as the official owner and collects a percentage of the APR. Both the tribal lender and the 3rd party lender are protected by the tribes immunity. This practice is often referred to as a “Rent-a-Tribe.”

    Tips for taking out a loan from a tribal lender

    The ability to self-regulate lending codes has led to a lot of controversy surrounding tribal lenders and their practices, particularly the high APRs. Due to the high interest rates and the possibility of extra fees, it is very important to have a solid plan to pay back your debt. Defaulting on your loan could cause more financial stress than you had when you initially applied for the tribal loan. If you choose to borrow money, it’s very important to read all the fine print and get a clear breakdown of the interest, fees and loan terms.

    Frequently asked questions

    You would have to look up the Consumer Financial Services Regulatory codes for the specific tribe that you’re borrowing from.

    So far, there have been no cases of this happening. Only the lenders have been prosecuted for unfair practices.

    Are payday loans available in my state?

    Aliyyah Camp

    Aliyyah is a Publisher for finder.com. She specializes in loans. When she's not helping people with personal finance, she likes going for a run outdoors.

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

    2 Responses

    1. Default Gravatar
      DavidJuly 3, 2017

      Can I get a loan without a bank account and bad credit

      • Staff
        AnndyJuly 3, 2017Staff

        Hi David,

        Thanks for your question.

        You may check this page to compare bad credit short term loans. Some of the lenders on the page will allow you to borrow and have the funds deposited to a prepaid debit card.

        Kindly review the eligibility criteria and the relevant terms and conditions of the loan before submitting your application to know if it is the right option for you.

        Cheers,
        Anndy

    US Payday Loans Offers

    Learn about our information service
    Slam Dunk Loans

    Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Get a better installment loan repayment terms up to 36 months, depending on your state.

    feedback