MobiLoans Review
Installment Loans from $200 to $2,500
Fast approval • Secure application • No commitment
MobiLoans at a Glance
About MobiLoans
MobiLoans LLC, founded in 2011 and operated as a tribal lending entity under the Tunica-Biloxi Tribe of Louisiana, offers installment loans from $200 to $2,500 with repayment terms of 4-12 months. Like other tribal lenders, MobiLoans operates nationwide including in states where payday lending is prohibited.
MobiLoans targets borrowers who need $500-$1,500 for short-term emergencies and want the flexibility of monthly or bi-weekly payments rather than lump-sum repayment. Their average loan is $800, making them suitable for expenses like unexpected car repairs, medical co-pays, or urgent home repairs that exceed typical payday loan amounts.
The application takes about 10 minutes online, and MobiLoans provides approval decisions within 1-2 hours. They accept first-time borrowers and those with poor credit, focusing on income verification rather than credit scores. Approved funds are deposited within 1 business day.
With a 7.7/10 rating and 35% approval rate, MobiLoans has built a solid reputation for transparent pricing and responsive customer service. However, APRs range from 225-599%, which is on par with payday lenders and higher than state-licensed installment lenders.
Expert Opinion: Recommended with Caution
MobiLoans' 225-599% APRs are extremely high. Use only if you've exhausted state-licensed options and live in a restricted state. The installment structure (4-12 months) is more manageable than payday loans, but costs are steep. Try MoneyLion (150-400% APR, all 50 states, credit-building) or cash advance apps first.
Example Loan Cost
Representative example of a typical MobiLoans loan:
*This is a representative example only. Your actual APR and costs will depend on your credit profile, loan amount, and state regulations. Always review your loan agreement before accepting.
Pros & Cons of MobiLoans
Advantages
- ✓ Available in all 50 states
- ✓ Flexible repayment (4-12 months) vs. 2-week payday loans
- ✓ Low minimum loan ($200) for smaller emergencies
- ✓ No credit score requirement
- ✓ Fast approval (1-2 hours) and next-day funding
- ✓ 100% online application
- ✓ Accepts first-time borrowers
Disadvantages
- ✗ Very high APR range (225-599%)
- ✗ Tribal lender with limited regulatory oversight
- ✗ Low maximum amount ($2,500)
- ✗ 35% approval rate
- ✗ No credit reporting—can't build credit
- ✗ Automatic debits risk overdrafts
How to Apply for a MobiLoans Loan
Start Your Application
Visit MobiLoans's website or use our comparison tool to submit your application. You'll need basic personal information, employment details, and bank account information.
Get Approved
MobiLoans will review your application and make a lending decision within 24 hours. You'll receive notification via email or SMS.
Review & Accept
Carefully review the loan terms, including APR, fees, repayment schedule, and total cost. Only accept if you understand and agree to all terms.
Receive Funds
Once you accept the loan, MobiLoans will deposit funds directly into your bank account. Funds typically arrive within 24 to 48 hours.
Frequently Asked Questions
What is the APR for MobiLoans?
MobiLoans charges APRs from 225% to 599% depending on state, loan amount, and term. A $1,000 loan at 400% APR over 6 months would cost about $700 in interest.
How do I repay a MobiLoan?
MobiLoans offers monthly or bi-weekly automatic payments from your bank account. You can choose the payment frequency that aligns with your paycheck schedule. Payments continue until the loan is fully repaid (4-12 months depending on your term).
Can I pay off my MobiLoan early?
Yes, MobiLoans allows prepayment without penalty. Paying off early reduces total interest costs.
Alternatives to MobiLoans
While MobiLoans is a solid choice, you may also want to consider these alternatives:
- → Credit Union Payday Alternative Loans (PALs) – Lower APRs (28% max) but slower approval
- → Installment Loans – Longer terms (6-24 months) with smaller monthly payments
- → Cash Advance Apps – $50-$250 advances with low/no fees (Earnin, Dave, Brigit)
- → Compare Other Lenders – See all 30 lenders in our network
Ready to Apply with MobiLoans?
Get started in minutes. Fast approval, secure application, no commitment.
Apply Now at MobiLoans →⚠️ Important Disclosure
High-Cost Loan Warning: MobiLoans loans have APRs ranging from 225% to 599%, which is significantly higher than traditional bank loans. These loans are intended for short-term financial needs only and can be expensive if not repaid quickly.
Responsible Borrowing: Only borrow what you can afford to repay on time. Late or missed payments can result in additional fees, collection actions, and damage to your credit score.
Editorial Independence: Credizen.net is a comparison service. We may earn a commission when you click on lender links or apply for a loan through our platform. All reviews and ratings are based on publicly available data and user feedback. MobiLoans has not influenced this review.
Emergency Financial Help
If you're experiencing financial difficulties, contact your local financial counseling service.
- South Africa: National Credit Regulator - 0860 627 627
- Romania: ANPC - 0213142200
- Colombia: Superintendencia Financiera - (571) 594 2222
- Poland: KNF - 22 262 5000