Mobiloans Review: For Emergencies Only – Cheaper Loans Exist

Is Mobiloans legit?

Yes, Mobiloans is a legitimate provider of personal lines of credit. Founded in 2011, the company has lent more than $1.3 million to over 500,000 customers.

Personal and financial details you submit online are protected with industry-standard SSL. After you submit your info, Mobiloans restricts access to authorized employees and protects it with a firewall.

But it’s a tribal lender, which means the company doesn’t have to comply with state laws regarding APR limits, so fees are incredibly high.

How Mobiloans compares to other lenders

Where Mobiloans falls short

The biggest challenge when working with Mobiloans is understanding the odd fee structure. Instead of charging one flat fee or an interest rate, they have two fees: a cash advance fee of $1.20 to $3.50 per every $20 borrowed and a fixed finance charge up to $160 that’s determined by your principal balance.

Adding these fees up equals triple-digit APRs — up to 405%, which is high. Minimum payments are due either every two weeks or bimonthly, which could strain your finances. If you can qualify for an emergency loan elsewhere, you should probably go that route.

Another issue is the low maximum loan amount of $3,000, which may not cover what you need. If so, you’ll need to find lenders that offer larger loans. There’s also a provision in Mobiloans’ terms and conditions that waives your right to sue the lender and requires you to settle any disputes with the lender in arbitration.

Plus, Mobiloans is only available in 29 out of 50 states. For wider coverage (and potentially lower rates and fees), try OppLoans or Upstart.

What makes Mobiloans shine?

It has no minimum credit score requirement, which allows borrowers with bad credit to access emergency funds. The application process is also easy and straightforward, usually taking just a few minutes. And unlike some lenders, you can complete the whole application online.

Funding is speedy, too. If Mobiloans approves your application before 4 p.m. CT and you request a withdrawal before that time, you could have your funds as soon as the next business day. Plus, frequent users who repay on time qualify for rewards points that can be used for discounts of 10% to 60% on your cash advance fee.

Mobiloans loan details

Loan amount	$500 to $3,000
Terms	Varies
APR	73.7% to 405% (As determined by cash advance fee and finance charge; see below)
Turnaround	As soon as the next business day
Minimum credit score	No minimum
Other requirements	Have regular income deposited into an active bank account Be at least 18 years old (19 in AL or NE) Live in a state where Mobiloans does business Authorize automatic withdrawals to repay loan Provide a debit card for alternate repayment No previous default on Mobiloans line of credit
Fees	Cash advance fee $1.20 to $3.50 per every $20 borrowed Fixed finance charge up to $160 (determined by principal balance) NSF and late payment fees may also apply
Availability	Available in: Alabama, Alaska, California, Delaware, Florida, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming

Mobiloans contact information

Phone number	877-836-1518
Customer service hours	Automated support 24/7 Live support: Weekdays 7 a.m. to 7 p.m. CT Saturday 7 a.m. to 3 p.m. CT
Email	support@mobiloans.com
Address	P.O. Box 1409 Marksville, LA 71351

Calculate your monthly loan payments

To find out how much a loan might cost with a standard lender, enter the loan amount, repayment term and APR into the calculator provided.

How to qualify for Mobiloans

To qualify for a line of credit through Mobiloans, you need to meet the following minimum requirements:

• Be employed or have a regular source of income
• Have an open checking account
• Income must be deposited directly into your checking account
• Reside in an eligible state
• Not be in default on a Mobiloans line of credit
• Be at least 18 years old (19 in Alabama and Nebraska)
• Authorize automatic withdrawals to repay the loan
• Provide a debit card for alternate repayment

How to apply

If you’d like to apply, here’s what you need to do:

1. Go to the Mobiloans website and select Apply Now.
2. Enter basic personal information and create a password to create an account. Read and agree to the privacy policy, then choose Continue.
3. Follow the steps to complete your application, submitting your Social Security number, income information, banking details and driver’s license.
4. Review and submit your application.
5. Check your potential credit limit and rates, then follow directions to complete the application and sign your loan documents.

If you’re approved, you can request to borrow funds from your line of credit. If you request a withdrawal before 4 p.m. CT on a business day, you’ll typically see a deposit to your checking account the next business day. Otherwise, it can take an additional business day to process your request.

Mobiloans reviews and complaints

BBB accredited	No
BBB rating	A
BBB customer reviews	1.2 out of 5 stars, based on 5 customer reviews
Trustpilot Score	4.6 out of 5 stars, based on 15,648 customer reviews
Customer reviews verified as of	09 July 2025

Mobiloans earns mixed online reviews. Customers who give the company high ratings are pleased with the easy application process and how fast they can get funds. Unhappy customers mostly take issue with the high cost of borrowing and a lack of transparency on fees.

Other complaints include getting a pre-approval letter then being denied, not wanting to provide personal information over the phone and delays receiving funds.

What do people on Reddit say?

Mobiloans gets a few mentions on Reddit. The majority are from past customers complaining about high-interest debt. In one post, the Redditor says they regret taking out a loan from Mobiloans and wonders how it can be legal in their state of California. Another person says a former roommate was able to borrow from Mobiloans using their information. Only one person recommended the company if you need money in a pinch.

Frequently asked questions

Is Mobiloans real?

Yes, Mobiloans is a real lender offering $500 to $3,000 lines of credit with no minimum credit score required. However, fees are very high and equal APRs of roughly 73.7% to 405%.

Does Mobiloans do a credit check?

Yes, but not necessarily with the three main credit bureaus. Like other payday lenders, Mobiloans may use a different system to check elements of your credit history.

What is the minimum credit score for Mobiloans?

There is no minimum credit score listed on the Mobiloans website. It provides lines of credit to borrowers of all credit types.

How long does it take for Mobiloans to deposit?

If your application is received and approved by 4 p.m. CT and you make a withdrawal request before that time, you’ll receive your money the next business day. If you request the cash after 4 p.m. CT, you’ll need to wait an additional business day before the deposit is made.

Will late payments affect my credit score?

They can. If you fail to make a payment, eventually Mobiloans sends your loan to collections, which affects your credit score. Most short-term loans don’t report payments to credit bureaus directly, however.