MobiLoans Line of Credit

MobiLoans Line of Credit

in Personal Lines of Credit from MobiLoans LLC


MobiLoans Line of Credit


in Personal Lines of Credit from MobiLoans LLC

SuperMoney Net Recommendation Score -62%



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

4 users recommend
0 users are unsure
17 users don't recommend
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You voted: May or may not recommend

Community Rating Strongly not recommended
Loan Amount $200 - $2,500
APR  (Variable APR) 206.73% - 425.45%
Number of Reviews 21

MobiLoans Line of Credit Review

MobiLoans Line of Credit is offered by MobiLoans LLC, a direct lender founded in 2011 and based in Marksville, LA. MobiLoans Line of Credit is available 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.

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, there is a cash advance fee.

Does MobiLoans Line of Credit charge a late fee?

Yes, there may be a late payment fee.

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

How much can you borrow ?

Upon approval and based on your credit worthiness, you will receive a personal line of credit of at least $200 and as much as $2,500. .

What do you need to qualify 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.

U.S. citizens are, of course, eligible for the services offered by MobiLoans Line of Credit. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Driver's license

What is the estimated funding time?

Typically, you will receive a credit approval decision in less than an hour and get access to the line of credit within 3 business days .

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

Yes, 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 may help improve your credit.

How to apply for MobiLoans Line of Credit

  • Visit their 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
  •   Visit Site

About MobiLoans Line of Credit


  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
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
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 Starting at $20
Credit Bureau Reporting Other
Funding Time Range 1 - 3 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
APR (Variable APR) 206.73% - 425.45%
Loan Amount $200 - $2,500

MobiLoans Line of Credit Community Reviews


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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.

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