Are tribal loans right for you?
If you’re looking for a short-term installment loan, a tribal loan might be your answer.
In this article, we’ll go over how tribal loans work, and advantages/disadvantages.
We’ll also show you tribal loan rates and terms.
But, word to the wise…this type of loan has high interest rates. We’re talking triple digit interest rates. And sometimes, in the four digits!
Before you apply to any lender, make absolute sure you use this loan for an emergency only. And pay it off as soon as you can.
Let’s talk about how tribal loans work for a minute.
Tip: Have you read our guide on tribal loans yet?
How Tribal Loans Work
A valid driver’s license or photo ID
A valid checking account for deposits and payments
A verifiable source of income (job, etc)
Step 1: Find a tribal lender (see our table below for lenders, rates and terms).
How to Get Tribal Loans
- Find a tribal lender (see our table below for lenders, rates and terms).
- Found a lender you’re comfortable with? Start the application on their website.
- Let them know how much you’d like to borrow.
- Prepare the following documents, as you will need them. Driver’s license (photo ID), employment verification, and checking account number and routing number.
- Wait a few minutes for approval
- Review the loan rates and terms very carefully. If all is good, proceed with signing.
- If approved, you’ll have funds deposited into your account within 24 business hours.
- Repay your loan as set forth in the lender terms. Make sure you pay on time. And if possible, pay it off ASAP.
Tribal Loans Advantages
This type of bad credit loan has it’s advantages.
But, it also comes with disadvantages as well.
Let’s see what the advantages are.
Helps you fund a short-term, emergency financial situation
Application process and funding is simple
Helps people with bad credit get access to funds
Get access to funds within 24 business hours if approved
Some lenders report on-time payments to credit bureaus, which helps rebuild credit
Tribal Loans Disadvantages
Interest rates can be in the high triple digits (and sometimes higher)
It can look bad on your credit history
If you can’t make payments, debt collectors will not stop calling you
If you can’t make the payments, the lender will debit your checking account and may overdraft it
You could dig yourself deeper into debt
Reasons to Use Tribal Loans
Now that you know the advantages and disadvantages, you may want to know what you can use this for.
Prescriptions not covered by insurance
Rent payment is due
Car needs fixing
Groceries for the month
Emergency travel expense
Car payment is due
Tribal Lender Loan Terms and Rates
|Tribal Lender||Loan Amount||Min. APR||Max. APR||Funding||Full Review|
|$200 - $2,500||206.14%||442.31%||24 hours||Mobiloans Reviews|
|$300 - $1,000||200%||2,290%||24 hours||Golden Valley Lending Reviews|
|$300 - $1,000||Not Listed||762.33%||24 hours||Greenline Loans Reviews|
|$100 - $1,000||Not Listed||779.99%||24 hours||Green Arrow Loans Reviews|
|$300 - $2,500||Not Listed||Not Listed||Same Day||American Web Loan Reviews|
|$500 - $3,000||Not Listed||438%||24 hours||Plain Green Loans Reviews|
|$200 - $3,500||35%||475%||24 hours||Big Picture Loans Reviews|
|$100 - $2,500||471.78%||841.45%||Same day||Maxlend Reviews|
|$300 - $1,000||475%||725%||24 hours||Green Trust Cash Reviews|
|$300 - $1,000||Not Listed||574.99%||24 hours||Radiant Cash Reviews|
|Up to $750||Not Listed||475%||24 hours||Tremont Lending Reviews|
|$100 - $1,000||388.55%||1,505.67%||24 hours||Sierra Lending Reviews|
|$100 - $1,000||550%||780%||24 hours||Rapital Capital Reviews|
|$100 - $800||818.12%||1,209.19%||24 hours||Green Stream Lending Reviews|
|$100 - $2,500||Not Listed||795%||24 hours||Target Cash Now Reviews|
|$100 - $1,000||550%||780%||24 hours||Uncle Warbucks Reviews|
|$100 - $800||818.12%||1,209.19%||24 hours||Gentle Breeze Loans Review|
|$400 - $1,000||Not Listed||780%||24 hours||Green Pine Lending Review|
|$300 - $1,000||550%||780%||24 hours||Riverbend Cash Reviews|
|$300 - $1,000||200%||2,290%||24 hours||Mountain Summit Financial Reviews|
|$100 - $2,500||589%||829%||24 hours||Cash Aisle Reviews|
|$300 - $1,000||200%||2,290%||24 hours||Majestic Lake Financial Reviews|
|$100 - $1,000||608.33%||1564.29%||24 hours||My Flex Cash Reviews|
|$300 - $1,800||Not Listed||720%||24 hours||Northcash Reviews|
|$300 - $500||Not Listed||707.17%||24 hours|
|$100 - $1,000||Not Listed||720%||24 hours|
|$500||Not Listed||Not Listed||24 hours||500FastCash Loan Reviews|
|$100 - $1,300||Not Listed||Not Listed||24 hours||500Ladder Credit Reviews|
|$100 - $1,000||200%||830%||24 hours||Arrowhead Advance Reviews|
|$300 - $1,000||510.02%||699.98%||24 hours||Bright Star Reviews|
|$100 - $400||259.94%||779.97%||24 hours||Credit Cube Reviews|
|$100 - $400||388.55%||1505.63%||24 hours|
|$100 - $600||Not Listed||Not Listed||24 hours||Lakeshore Loans Review|
|$250 - $1,500||273.75%||782.14%||24 hours||Evergreen Loans Review|
|$100 - $1,000||Not Listed||747.96%||24 hours||Blue River Lending Reviews|
|$100 - $1,000||Not Listed||646.56%||24 hours|
|$100 - $1,000||500%||659%||24 hours|
|$100 - $2,500||471.78%||841.45%||24 hours||Blue Trust Loans Reviews|
|$100 - $3,000||118.66%||448.76%||24 hours||Great Plains Lending Reviews|
|$50 - $4,000||Unlisted||521%||24 hours||Americash Loans Review|
|$300 - $800||450%||490%||24 hours||Spotloan Review|