Mobiloans review: loans, costs, and what to know
Mobiloans is a revolving line of credit owned by the Tunica-Biloxi Tribe of Louisiana. Approved borrowers get a credit limit of $500 to $3,000 and pay fees on what they draw. Mobiloans' own disclosures put the effective APR between 73.7% and 405%.
Scored with our published rubric. Scores reflect value to borrowers; every tribal loan scores low on cost.
- Owner
- Tunica-Biloxi Tribe of Louisiana
- Product
- Line of credit
- Loan amount
- $500–$3,000 limit
- APR
- 73.7%–405%
- Term
- Revolving
- Status
- Open and accepting applications
Facts checked October 12, 2026 against the lender's published information and independent reviews. We have not received compensation tied to this review's conclusions.
How the Mobiloans fee structure works
Mobiloans does not charge daily interest. Instead it charges a cash advance fee each time you draw, calculated per $20 borrowed and reported at roughly $1.20 to $3.50 per $20, plus a fixed finance charge each billing cycle based on your balance, reported at up to $160. You make minimum payments at least twice a month. A rewards program discounts future fees for on-time payments.
Why the APR depends on you
Because fees are fixed per draw and per cycle, the effective cost depends on how much you draw and how long you carry it. Repay a small draw within a cycle or two and the cost stays lower than most tribal installment loans. Carry a balance for months and the fixed finance charges keep adding up. Our tribal line of credit guide explains the math.
Applying and funding
You apply online, and Mobiloans may check your credit. Once approved, you request cash advances from your account; funds typically arrive within a few business days. You must not be in default on an earlier Mobiloans line to qualify.
Who it may suit
Borrowers with recurring small shortfalls who reliably repay quickly. It is a poor fit for anyone likely to carry a balance for long periods or to keep drawing up to the limit.
What works
- Lowest published APR floor among tribal lenders we compare, 73.7%
- Pay fees only on what you draw
- Rewards program discounts fees for on-time payments
- Draw again as you repay
What to watch
- Effective APR up to 405%
- Two-part fee structure is hard to compare
- Fixed finance charges accrue every cycle you carry a balance
- Possible credit check
Alternatives to Mobiloans
Compare Mobiloans against the other lenders whose terms we could verify, and check cheaper options first. A federal credit union Payday Alternative Loan is capped at 28% APR; $1,000 over 6 months at that rate costs about $83 in interest.
| Lender | Loan amount | APR | Term | Product | Notes |
|---|---|---|---|---|---|
| Plain Green Loans | $200–$4,500 | About 199%–699% | 6–26 months | Installment | Lends in about 26 states; first-time limits are lower. Settled with Minnesota's Attorney General in September 2026 over rates near 700%. |
| Big Picture Loans | $200–$3,500 | About 250%–789% | 4–18 months | Installment | Published APR figures vary widely by source, loan size, and term. |
| Spotloan | $300–$800 | Up to 490% | Up to 10 months | Installment | Smallest maximum loan on this list. Some sources report a credit check at application. |
| MaxLend | $100–$3,750 | 471%–841% | Up to 9 months | Installment | Highest published APR range on this list. Does not lend to active-duty service members. |
| Uprova | $300–$5,000 | From 34.5% to over 700% | 9–36 months | Installment | Two products: a personal loan near 35% APR for stronger applicants and a tribal installment loan that can exceed 700% APR. |
| Mobiloans | $500–$3,000 limit | 73.7%–405% | Revolving | Line of credit | Charges a cash advance fee per $20 drawn plus a fixed finance charge each billing cycle. |
Figures are lender-published or reported by independent reviewers, checked October 12, 2026. Lenders change terms often, so confirm the APR and total cost in your loan agreement before you sign.
See all alternatives to tribal loans or the full tribal lender comparison.
Frequently asked questions
A line of credit. You are approved for a limit and draw cash as needed, paying fees on each draw and on the balance each cycle.
Between $500 and $3,000, depending on approval.
Mobiloans' disclosures put the effective APR at 73.7% to 405%, depending on your limit and how long you carry a balance.
MobiLoans, LLC is wholly owned by the Tunica-Biloxi Tribe of Louisiana, a federally recognized tribe.
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