Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
Mobile phones play an important role in our lives. Email, meetings, video conferencing, even making huge purchases are all available at our fingertips, anywhere we go.#N/A
Today if you need a loan you don’t have to look past your mobile phone. Many lenders in the US have mobile-friendly websites and apps through which they offer mobile loans. Applying for a loan this way requires that you have access to an Internet-enabled mobile phone. If you’re considering applying for a mobile loan, going through this guide will serve you well.
Mobile loans are loans you can apply for using your cell phone, provided it has access to the Internet. This takes away the need to visit a physical location or to find it on a desktop computer. These loans work the same way as online loans.
You start the process by submitting an application using your mobile through the lender’s website or an app. Upon approval, the lender presents you with a loan contract. Once you accept the contract’s terms and conditions, the lender transfers the approved funds into your bank account.
You then have to repay the loan in accordance with a predetermined repayment plan.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
If you’re looking for a mobile loan you get various options to choose from:
When you’re looking for mobile loans, various aspects require your attention:
|Security.||This is one of the biggest concerns of online loans. Good providers use the latest in encryption technology to keep your information secure. They make use of bank-level security measures and they don’t share your information with third parties.|
|Online tools.||Some mobile loan websites offer loan calculators. You can use these calculators to find out what your repayments will look like ahead of time, allowing you to borrow as per your affordability.|
|Application process.||Some financial institutions allow their existing customers to apply for mobile loans by logging into their accounts, minimizing the information you have to provide. If you have to go through an identity verification process, find out if you can complete it online.|
Compare the 8 best cash advance apps for low fees, high limits and more.
If this app’s $50 limit is too low, alternatives like B9, Earnin and Branch may be a better fit.
Many pay advance apps don’t work with this online bank — but here are six that do.
Get at least $25 in as little as 20 minutes with these five apps for instant money.
A comprehensive list of cash advance apps that our experts have reviewed, including Brigit, Dave and Earnin.
Select Cash App users can get a short-term loan for up to $200.
Choose from 5 options to find the best pay advance solution. Top names like Dave and Brigit are joined by 3 other pay advance apps.
MoneyLion is a pay advance app stacked with features — and hefty fees to match. We’ve lined up 6 alternatives to help you go easy on your wallet.
If you’re considering using Lenme for a pay advance but its negative reviews are holding you back, we’ve lined up 7 alternatives that could offer more reliability and transparency.
Get access to the money you’ve already earned with one of these secure options.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.