Features

Where does MobiLoans do business?

MobiLoans is a direct lender based in Marksville, LA. The company was founded in 2011 and offers personal loans to borrowers in Washington, DC and 35 states.

What are MobiLoans’s rates?

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 prepayment penalties?

No, MobiLoans does not charge prepayment penalties. 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 $2500

What do you need to qualify for a MobiLoans loan?

Applicants with a credit score of at least 300 can apply for a loan via MobiLoans.

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 must provide the following documentation:

  • Driver's license
  • 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.

  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • Checking 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
    18
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
  • No Prepayment Fee
  • Institution Type
    Direct Lender
  • APR
    391.07% - 1303.57%
  • Approval Speed (Hours)
    24
  • Funding Time Range (in days)
    Up to 1
  • Loan Amount
    $200 - $2500
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