Ningo Lending, through Spotloan, provides a short-term loan product designed to help underserved people gain access to credit.
Ningo plays a critical role in economic development of a community that has faced major job losses and unemployment rates that top 65 percent.
We give you freedom to choose repayment plans that fit your life. We work with you to find solutions that make sense for your needs.
We’re straightforward about our loans and what our customers can expect and we’re committed to being a source of financial education.
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Spotloan is a better way to borrow extra money when you need it. It’s not a payday loan. It’s an installment loan, which means you pay down the balance with each on-time payment. By using sophisticated machine learning for fraud detection and payback prediction, we are able to lend to even more people who have been historically underserved.
Learn more about SpotloanNingo Lending is a tribally owned entity organized under and governed by the laws of one of the country’s largest federally recognized Indian Tribes, the Turtle Mountain Band of Chippewa Indians of North Dakota.
Ningo Lending owns Spotloan, an online loan product established in 2012, and has provided over 2 million loans to over 1 million Americans in need.
Ningo Lending's headquarters are located on the Tribe’s reservation in Belcourt, North Dakota. The headquarters house the majority of Ningo’s employees, including the primary call center and many of the company’s administrative and management staff.
All Spotloans are originated from the Tribe’s reservation and are subject to the Tribe’s Lending Code. A copy of the Lending Code is available here.
As a direct lender of installment online loans, Spotloan has revolutionized the emergency loan market by using sophisticated machine learning (artificial intelligence) and big data to detect fraud and predict payback.
By providing online loans directly to borrowers through desktop or mobile devices, we are able to underwrite those loans in a matter of seconds without making the applicant fill out a lengthy application. Spotloan is dedicated to providing fair and transparent access to credit.
Without the overhead costs of brick-and-mortar locations, and by doing a better job of detecting fraud and predicting payback, we’re able to offer borrowers access to emergency funds that many other lenders can’t. We can offer loans to limited, poor credit and underserved borrowers at up to half the cost of other small-dollar and installment lenders, payday companies and pawn brokers, without the hidden fees — such as origination, rollover, and missed payment fees — that others often charge.
Ningo Lending is an integral part of economic development for Turtle Mountain. We provide much-needed opportunities to a community facing major job losses and unemployment rates of more than 65 percent.
Funding from Spotloan provides critical revenue to the Tribal Government. This funding supports community programs including food and housing assistance, winter heating assistance, job training, suicide prevention, mental health counseling, early childhood education and parenting programs, drug addiction treatments, gang prevention efforts, and healthy living programs (such as the dialysis center, healthy eating programs, and physical fitness facilities and programs).