Lender review · Facts verified September 2026 / september 2026 for this brand
Mobiloans Review
MobiLoans (Tunica-Biloxi) is the market’s main line of credit rather than an installment loan: draws from a $3,000 line, repaid through billing cycles that can stretch to ~14 months. APR spans 73.89%–413.20% including a $20 instant-funding fee — and no fees apply if a draw is repaid by the due date.
The short answer: Mobiloans is a tribal installment lender owned by Tunica-Biloxi Tribe of Louisiana.
It serves most states outside a published exclusion list (22 states excluded),
and its cost disclosure is published — 413.20% (with $20 instant-funding fee); cash-ad. Revolving products punish minimum-payment behavior.
Amounts
Up to $3,000 credit line
Product
Line of credit with cash draws
States excluded
22
Regulator
Tribal
What Mobiloans offers
Line of credit with cash draws. Up to $3,000 credit line. Revolving billing cycles; minimum payments can stretch to ~14 months.
The cost, with the math shown
APR 73.89%–413.20% (with $20 instant-funding fee); cash-advance fee plus fixed finance charges per draw; no fees if repaid by the due date
Worked example at 413% APR: a $500 loan repaid biweekly over 6 months
runs about $93.12 per payment — $1,210.60 total of payments,
of which $710.60 is finance charge. Check that total, not the payment, against your budget.
Where it operates
Mobiloans publishes its excluded states: AZ, AR, CO, CT, DC, GA, IL, LA, ME, MD, MA, MN, MT, NH, NJ, NY, NC, PA, SD, VT, VA, WV. That works out to roughly 29 states where applications are accepted. Availability claims on marketing sites notwithstanding,
the exclusion list is the only binding statement.
Fits: Borrowers with irregular, small-dollar needs who can treat it like a charge card: draw, repay fast, pay nothing extra.
Think twice: Revolving products punish minimum-payment behavior. The 22-jurisdiction exclusion list (the longest we verified) removes it from many big states — check yours first.
Checking a Mobiloans-sized offer
Our application form matches your request to lenders serving your state — which may include Mobiloans or better-fitting alternatives. Checking offers does not affect a credit score.
Published pricing runs to 413% APR. In a worked example, $500 repaid biweekly over 6 months costs $1,210.60 — $710.60 in finance charge. Your agreement shows the exact schedule.
Is Mobiloans a direct lender?
Yes — it is a lending company owned by Tunica-Biloxi Tribe of Louisiana, lending under tribal law with its own agreement and a named tribal regulator.
Does Mobiloans check credit?
Like most tribal lenders it underwrites primarily on verifiable income and banking history rather than a FICO score; a hard pull at application is not part of the published process. The loan generally is not reported to the major credit bureaus either.
Can I pay off a Mobiloans loan early?
Early payoff terms are governed by the agreement; the tribal installment market norm is no prepayment penalty, but confirm the clause before signing.
Context: The main tribal line-of-credit product; longest exclusion list we verified (22 jurisdictions).
Where our numbers come from
Every fact above is transcribed from Mobiloans’s own website (verified September 2026; newer brands september 2026). The worked example is computed from published figures. This review is informational and is not affiliated with or endorsed by Mobiloans.