Spotloan, a brand of the Turtle Mountain Band of Chippewa Indians (ND) — brand of Ningo Lending LLC, offers installment loans, marketed as a payday-loan alternative. Amounts: $300–$800 typical; up to $1,500 for preferred (10+ loan) customers. Cost: Maximum 490% APR for new borrowers; rate steps down (330–460%, eventually 99%) with successive on-time payoffs; no origination, rollover or late fees. It does not serve at least 11 named jurisdictions: AR, CT, IL, MD, MN, NY, ND, PA, VT, VA, WV.
| Product | Installment loans, marketed as a payday-loan alternative |
|---|---|
| Amounts | $300–$800 typical; up to $1,500 for preferred (10+ loan) customers |
| Terms | Up to ~10 months; biweekly or monthly payments |
| Published cost | Maximum 490% APR for new borrowers; rate steps down (330–460%, eventually 99%) with successive on-time payoffs; no origination, rollover or late fees |
| Tribe / owner | Turtle Mountain Band of Chippewa Indians (ND) — brand of Ningo Lending LLC |
| Tribal regulator / disputes | Tribe's Lending Commission (Tribal Lending Code Title 43) |
| Status | Active — The original tribal installment brand; discloses its APR ceiling openly. |
| Official site | www.spotloan.com |
As published by the lender (AR, CT, IL, MD, MN, NY, ND, PA, VT, VA, WV). Lists change without notice — re-check before applying.
This lender does not put a full numeric APR on its site — the binding number arrives in the loan agreement. That is common in the sector and legal under tribal code, but it means you should demand the total of payments in writing before you accept. Terms allow multiple installments, so compare the sum of all payments against a state-capped payday option and a credit-union PAL before signing.
Disputes with Spotloan route to tribe's lending commission (tribal lending code title 43) — not to your state attorney general. State regulators in several of the excluded states take the position that their caps should apply anyway; the safest consumer posture is to borrow only what the repayment schedule can absorb without strain.
Disputes route to tribe's lending commission (tribal lending code title 43) under the loan agreement, not to your state attorney general. Keep the contract and every payment record, escalate in writing through the lender’s dispute process first, then file with the CFPB complaint database — federal complaints against tribal lenders are tracked even when enforcement routes to tribal forums.
The original tribal installment brand; discloses its APR ceiling openly — that is the published history we verified from public records. For anything newer, check the CFPB complaint database and your state attorney general’s announcements before applying; exclusion lists often harden after enforcement activity.
Spotloan operates under the tribe’s lending code, and the brand asserts sovereign immunity from state rate caps — a position state regulators dispute and courts have split on. The loan you sign is real and enforceable, which is why the total-of-payments line matters more here than anywhere else in this market.
Expect the standard high-cost sequence: NSF or late fees, repeated ACH debits against your account, then collection through the arbitration or tribal-court process named in the agreement rather than your state courts. Some lenders sell delinquencies to collectors. None of it improves your credit — on-time repayment usually is not reported either.
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