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Are you a tribe member who needs a loan from a tribal member? But what are tribal loans precisely, and how can you access them?

What Are Tribal Loans?

Native American leaders assert that they operate under tribal sovereignty and offer tribal loans. Tribal sovereignty entails their independence from the state or the federal government. This is why some lenders provide tribal loans with higher fees and interest rates.

Are Tribal Loans the Same As Payday Loans?

Tribal payday loans are how some lenders refer to tribal loans. However, tribal loans and installment loans have additional elements in common. Although they provide installment repayment arrangements, their interest rates might be as high as those of payday loans.

What Requirements Must Be Met to Qualify for a Tribal Loan?

Every lender has a different set of requirements. Therefore, make sure you do you research and about the tribal lender you intend to borrow from before submitting your application. For tribal loans to be approved, you must:

  • 18 years of age or older
  • Bring a valid identification card from the government.
  • Possess documentation of your revenue
  • Keep checking or savings account open

What Advantages Do Tribal Loans Offer?

The advantages of tribal loans are listed below:

Quick Funding

Tribal loans provide immediate money, just like payday loans do. Additionally, borrowers might receive their loans the same day or the following day.

Simple Application

You don’t need to go personally and stand in line for a long time to apply for a tribal loan because you can do so online. Simply gather the necessary paperwork, such as bank account details, identification cards, paychecks, etc.

Good Alternative for Those with a Poor Credit History

Tribal loan lenders don’t run credit checks, just like payday lenders, meaning those with poor bad credit history or poor credit grades could apply for this loan.

Are Tribal Loans Safe?

Registered tribal lenders are usually safe. As you would apply for a tribal loan in the future, make sure to look for lenders accredited under the Native American Financial Association (NAFSA) to be at ease. Lenders under the NAFSA are governed by consumer protection loans making it safer for borrowers.

When you file for tribal loans, it’s vital to know the following information:

  • Repayment plan
  • Amount of monthly payment
  • Available payment methods
  • Proper channels for complaints and disputes

The above information will not only help you choose which lender to file your loan with but also to make sure that you need to do your own research before applying for a loan.

What Points Should You Keep in Mind Before Applying for Tribal Loans?

You should examine the following to make sure you’re applying to reputable and safe lenders:

The Lender Has an Authorized and Verified Secure Sockets Layer (SSL)

The information you submitted will be protected and kept private if the lender has a valid SSL certificate.

Examine the Loan Terms Thoroughly

Check the reviews attentively to assist you in selecting reputable lenders. It would be preferable to confirm the veracity of the information given.

Review the Lender’s Performance on Other Websites

Digitalization has led to the emergence of some lender review websites. Utilize them to your advantage.


Tribal loans have advantages and disadvantages, just like other loans do. Before applying, make sure to research the loan and trusted lenders first, or simply apply through John Thomas Financial to have your troubles resolved in a few clicks.

Joyce Marter

Joyce Marter is a licensed psychotherapist with 25 years of experience and entrepreneur who founded and successfully sold Urban Balance, a national outpatient mental health company in the U.S. Marter is an adjunct professor at Northwestern University, international speaker, blogger for Psychology Today and mental health thought-leader specializing in the psychology of money.

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