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What are the costs and fees of a Mobiloans line of credit?

Please scroll down to read important information about rates, fees, and other cost information before submitting your application.

With Mobiloans, you are only charged 2 types of fees:
Cash Advance Fee

A Cash Advance Fee is charged one time per draw and is calculated as follows:

Draw Amount
Cash Advance Fee
Up to $500
$3 for each $20
of cash advanced
Over $500 up to $1,000
$2 for each $20
of cash advanced
Over $1,000 up to $1,400
$1.60 for each $20
of cash advanced
Over $1,400 up to $2,000
$1.40 for each $20
of cash advanced
Over $2,000
$1.00 for each $20
of cash advanced

If you pay off your line of credit, including the Cash Advance Fee, during the first billing cycle (a billing cycle is approximately 2 weeks) you will only be charged the Cash Advance Fee.

For example, if you draw $400 on Monday, March 9th and pay back the full amount due on your account 10 days later on March 19th, your fee will be $60 (total repayment of $460).

Fixed Finance Charge

For cash needs longer than one billing cycle (a billing cycle is approximately 2 weeks), a Fixed Finance Charge will be applied to your account each billing cycle that you have an unpaid balance.

The Fixed Finance Charge is calculated as follows:

If the principal balance as of the last day of your prior Billing Cycle, less the amount of new cash advances made during billing cycle, was
...your Fixed Finance Charge will be:
$0-$10.00
No charge
$10.01-$100
$15
$100.01-$200
$30
$200.01-$300
$35
$300.01-$400
$45
$400.01-$500
$75
$500.01-$600
$85
$600.01-$700
$95
$700.01-$900
$105
$900.01-$1,000
$115
$1,000.01-$1,400
$125
$1,4000.01-$2,500
$140

If you make only the minimum payment each period, you will pay more in finance charges and it will take you longer to pay off your balance. For example, on a $1,000.00 line of credit, if you make no additional changes using the line of credit and you only make the minimum payment, it could take you up to 14 (fourteen) months to pay the balance for estimated total payments of three thousand dollars ($3,000).

When you get a Mobiloans line of credit, you'll receive regular statements that clearly list all of the fees and charges you've paid and your next payment due date.


See our Terms and Conditions for more details.

MobiLoans, LLC, a tribal lending entity wholly owned by the Tunica-Biloxi Tribe of Louisiana ("Tribe"), a federally recognized Indian tribe, operates within the Tribe's reservation. Certain limitations apply. See Terms and Conditions for complete details. All trademarks, service marks, and registered marks are the properties of their respective owners. Maximum line amount is $2,500.00. Refer to the Terms & Conditions for additional details. Mobiloans is an expensive form of short term credit and should not be used as a long term solution.

1See Important Truth in Lending Disclosures.


Additional fees may apply for checks returned due to insufficient funds.

2In most cases, requests for cash that are received and can be verified prior to 4:00 p.m. Central Time (Monday - Friday) will be funded as soon as the next business banking day (excluding weekends and bank holidays). Requests for cash received after 4:00 p.m. Central Time (Monday - Friday) may require an additional business banking day to fund.

We adhere to the principles of the federal Fair Debt Collection Practices Act (FDCPA). Because we may report your payment history to one or more credit bureaus, late or non-payment of your loan may negatively impact your credit rating. If you fail to repay your loan in accordance with its terms, we may place your loan with or sell your loan to a third-party collection agency or other company that acquires and/or collects delinquent consumer debt.

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