MobiLoans Line of Credit

MobiLoans Line of Credit

in Personal Lines of Credit from MobiLoans


MobiLoans Line of Credit


in Personal Lines of Credit from MobiLoans

SuperMoney Net Recommendation Score -54% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

3 users recommend
0 users are unsure
10 users don't recommend
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Community Rating Strongly not recommended
APR  (Variable APR) 206.73% - 425.45%
Loan Amount $200 - $2,500
Number of Reviews 13

MobiLoans Line of Credit Review

MobiLoans Line of Credit is offered by MobiLoans, a direct lender founded in 2011 and based in Marksville, LA. MobiLoans Line of Credit is offered in 30 states across the USA.

What APRs does MobiLoans Line of Credit offer?

MobiLoans Line of Credit offers a variable APR product that ranges from 206.73% APR up to 425.45% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

Does MobiLoans Line of Credit charge an origination fee?

No, MobiLoans Line of Credit does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does MobiLoans Line of Credit charge a cash advance fee?

Yes, MobiLoans Line of Credit may charge a fee.

Does MobiLoans Line of Credit charge a late fee?

Yes, MobiLoans Line of Credit may charge borrowers a late payment fee.

How much can you borrow via MobiLoans Line of Credit?

Upon approval and based on your credit worthiness, your MobiLoans Line of Credit personal line of credit will be assigned a credit line of at least $200 and as much as $2,500. .

MobiLoans Line of Credit Fees
Cash Advance Fee N/A
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for MobiLoans Line of Credit?

Applicants with a credit score of at least 300 and up to 650 are eligible for MobiLoans Line of Credit.

MobiLoans Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. MobiLoans Line of Credit will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the MobiLoans Line of Credit product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Driver's license

What is the estimated funding time for a personal line of credit via MobiLoans Line of Credit?

MobiLoans Line of Credit will typically provide a credit approval decision in less than an hour and fund the line of credit within 3 business days .

Does MobiLoans Line of Credit report your account activity to credit bureaus?

MobiLoans Line of Credit reports your account activity to the following credit reporting agencies:

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for MobiLoans Line of Credit

  • Visit the MobiLoans website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
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  • Headquarters
  •   P.O. Box 1409
    Marksville, LA 71351 USA
  •   Visit Site

About MobiLoans Line of Credit


Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 30 states
  • Alabama
  • Alaska
  • California
  • Delaware
  • Florida
  • Hawaii
  • Idaho
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Mexico
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Minimum Payment $16
Credit Score Range 300 - 650
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Verification Documents Required
  • Proof of Income
  • Driver License (or other photo ID)
Minimum Draw $20
Loan Amount $200 - $2.5K
APR (Variable APR) 206.73% - 425.45%

MobiLoans Line of Credit Community Reviews


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