Lender record · active brand
Mobiloans review: cost, tribe, and state coverage
MobiLoans, owned by the Tunica-Biloxi Tribe of Louisiana, runs a credit line instead of an installment product: draws against $3,000 repay through revolving billing cycles that can stretch to roughly 14 months at minimum payments. Published APR spans 73.89% to 413.20% including the $20 instant-funding fee — and a draw cleared by its due date carries no fees at all.
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 (17 states excluded; 29 documented as serving), and its cost disclosure is published — see the worked math below. Minimum payments on a revolving line are how a short bridge becomes a 14-month obligation.
- Amounts
- Up to $3,000 credit line
- Product
- Line of credit with cash draws
- States excluded
- 17
- Index score
- 10.0/10
The disclosure score, itemized
Disclosure leader — terms checkable before you sign. The rubric and weights are public — read the methodology. What this record earns:
- 3/3 — Cost transparency. publishes a numeric APR range on its public site.
- 2/2 — State transparency. publishes its state exclusion list.
- 1/1 — Named regulator. names its tribal regulator or dispute body.
- 2/2 — Product clarity. publishes loan amounts and a repayment schedule.
- 2/2 — Standing. active with no litigation context on the record.
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.
Disputes: Tunica-Biloxi Lending Regulatory Commission; Tunica-Biloxi Arbitration Code.
Who it fits — and who should keep looking
Fits: Borrowers with recurring small gaps who can clear each draw quickly — the zero-fee-if-repaid-on-time structure is this product’s best feature.
Think twice: Minimum payments on a revolving line are how a short bridge becomes a 14-month obligation. The exclusion list covers 22 jurisdictions, the longest we verified — confirm your state first.
Checking a Mobiloans-sized offer
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Mobiloans FAQ
How much does a Mobiloans loan cost?
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 (record verified 2026-10-02; source sweep September 2026 / september 2026). The worked example is computed from published figures. This record is informational and is not affiliated with or endorsed by Mobiloans.