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.
MobiLoans offers personal loans with APRs starting at 391.07% and up to 1303.57%.
Yes, MobiLoans charges a loan origination fee .
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.
Loan amounts start at $200 and go up to $2500
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:
MobiLoans will typically approve (or deny) a loan application within 24 hours and fund personal loans as soon as 0 business day of approval.
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