Where does MobiLoans do business?

MobiLoans is a direct lender based in Marksville, LA. It was founded in 2011 and offers access to personal loans in 35 states (and Washington, DC).

What range of rates does MobiLoans offer?

MobiLoans offers personal loans with APRs starting at 391.07% and up to 1303.57%.

Does MobiLoans charge an origination fee?

Yes, MobiLoans charges a loan origination fee. 

Does MobiLoans charge a late fee?

Yes, MobiLoans may charge borrowers a late payment fee

Does MobiLoans charge prepayment fees?

No, MobiLoans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from MobiLoans?

Loan amounts start at $200 and go up to $2,500.

What do you need to qualify for a loan with MobiLoans?

Applicants with a credit score of at least 300 can apply for a loan via MobiLoans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

Active duty servicemembers and their covered dependents cannot apply for a loan via MobiLoans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

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

  • Driver's license
  • Applicants must have an active and valid checking account
  • Recent pay stubs

What is the estimated funding time for a personal loan via MobiLoans?

MobiLoans will typically approve (or deny) a loan application within 24 hours and fund personal loans as soon as 0 business day of approval.

  • Institution Type
    Direct Lender
  • Bank Account Required?
  • Credit Score Range
    300 - 640
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
    • Non-Military
    • Veterans
  • Minimum Age
  • Verification Documents Required?
    • Recent Pay Stubs
    • Driver License (or other photo ID)
  • No Prepayment Fee
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    Up to 1
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • Loan Amount
    $200 - $2500
  • APR
    391.07% - 1303.57%
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