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Do you want a mobile loan that you can apply for on the go?


Editor's choice: OppLoans Installment Loans

  • Easy online application
  • Quick approval
  • Long repayment terms
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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.


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.

What is a mobile loan?

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.

A selection of short-term loans you can apply for

1 - 0 of 0
Name Product Filter Values Loan amount Turnaround time Requirements
Tidal Lending
Tidal Lending
$100 to $30,000
As Soon As Next Business Day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Chime SpotMe overdraft
Up to $200
$200 in qualifying direct deposits into a Chime checking account in the last 34 days
OppLoans Installment Loans
$500 to $4,000
1 business day
Direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$100 to $2,500
Same business day to 1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.

Compare up to 4 providers

A man looking at her cellphone screen

What loans can you apply for on your cell phone?

If you’re looking for a mobile loan you get various options to choose from:

  • Personal loans. Banks and credit unions across the country provide personal loans and many of these institutions let you apply using mobile devices. To apply, good credit is usually required.
  • Peer-to-peer (P2P) loans. If you have good credit rating you can consider getting a P2P loan. With these loans, you don’t deal with conventional lenders, with the P2P lender facilitating the loan process. When you apply, the P2P lender assesses your application and then passes it to possible investors who choose whether or not to fund your loan.
  • Short term loans. If you have poor or bad creditworthiness you can think about applying for a mobile payday loan, as these lenders take factors other than your credit score into account. Usually, you have to repay a short term loan when you next get paid, but this differs from state to state. People also refer to these loans as cash advances and payday loans.
  • Installment loans. If payday loans are not legal in your state or if you’re looking for a longer loan term, you can consider an installment loan. You have to repay these loans in equal installments over a scheduled time period.
  • Auto title loans. You can consider an auto title loan if you have a vehicle, where your vehicle’s title secures the loan. Since you’re providing security, you don’t need perfect creditworthiness to apply.

Prepaid debit card payday loans

Want to apply on your cell? Consider the benefits and drawbacks first

  • Multiple options. If you have a mobile with Internet access you have various loan options, including personal loans, short term loans and auto title loans.
  • Apply from anywhere. Your physical location doesn’t matter, and you can find mobile loan providers that don’t require you to fax or scan any documents as they can in verify your credentials online.
  • Receive funds in your account. Upon the approval of your loan, you don’t have to visit a physical location to collect your money. Instead, the lender would transfer the money into your bank account.
  • No physical locations. Some providers of mobile loans limit their operations to being solely online. This may be a deal-breaker if you like to have face-to-face interactions.
  • Security concerns. The online world brings with it threats in the form of viruses, hacker attacks, phishing and malware. Dealing with a reputable lender is important to protect yourself, as is exercising caution.

Get a loan and repay it in the short term

What should you look for on a mobile site?

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.
Applying for a mobile loan should not take more than a few minutes. However, it’s important that you take some time to compare your options before you do so.

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