Rates, Terms and Cost Examples
Everything you'll pay, in one place: the APR range in our network, repayment terms, fees lenders may charge, representative examples and what happens if you miss a payment.
Lenders in the mobiloans network offer APRs from 5.99% to 35.99% on loans of $200 to $5,000, with repayment terms of 3 to 24 months. mobiloans charges borrowers nothing. Representative example: $1,000 over 12 months at 29.99% APR is $97.48 a month, $1,169.79 total.
- APR range
- 5.99% to 35.99%
- Terms
- 3 months (91 days) to 24 months
- Fee to use mobiloans
- $0
- Finance charge on $1,000 example
- $169.79
Rates and Terms at a Glance
| Loan amounts | $200 to $5,000 |
|---|---|
| Repayment period | Minimum 3 months (91 days), maximum 24 months |
| APR range | 5.99% to 35.99% |
| Fee to use mobiloans | $0 |
| Origination fee | Set by the lender, included in the APR |
| Prepayment penalty | None with most network lenders; confirm in your agreement |
| Funding | As soon as the next business day if approved |
Where Our APR Range Sits
APR, the annual percentage rate, combines interest and most required fees into a single yearly rate, which makes it the fairest way to compare loans. Lenders in our network stay under 36%, the ceiling many consumer advocates and the federal Military Lending Act use for affordable credit.
Where our APR range sits
Every lender in our network stays under 36% APR
New to APR? Read what APR means and how to calculate it.
Representative Cost Examples
| Amount | Term | APR | Monthly payment | Finance charge | Total repaid |
|---|---|---|---|---|---|
| $200 | 3 months | 35.99% | $70.70 | $12.11 | $212.11 |
| $500 | 6 months | 35.99% | $92.30 | $53.78 | $553.78 |
| $1,000 | 12 months | 29.99% | $97.48 | $169.79 | $1,169.79 |
| $1,500 | 12 months | 24.99% | $142.56 | $210.71 | $1,710.71 |
| $2,500 | 18 months | 18% | $159.51 | $371.26 | $2,871.26 |
| $5,000 | 24 months | 35.99% | $295.21 | $2,085.05 | $7,085.05 |
| $5,000 | 24 months | 5.99% | $221.58 | $317.93 | $5,317.93 |
Representative example: a $1,000 loan repaid in 12 monthly payments at 29.99% APR has a monthly payment of $97.48, a finance charge of $169.79 and a total repayment of $1,169.79.
Fees a Lender May Charge
Fees are set by each lender within the limits of state law, and every fee must appear in your loan agreement before you sign.
Origination fee
A one-time processing fee, often deducted from the amount you receive. It's included in the APR.
Late fee
Charged if a payment arrives after the due date or grace period, where state law allows.
Returned payment fee
Charged if a scheduled payment is returned for insufficient funds. Your bank may charge its own fee too.
If You Miss a Payment
Missing a payment can lead to late or returned-payment fees as allowed by your agreement and state law, collection activity, and negative reports to credit bureaus that may lower your credit score. Renewal and extension policies vary by lender and are explained in your agreement.
- Contact your lender before the due date. Many can move a date or set up a payment plan.
- Ask what fees apply and how a change affects your total cost.
- Get any new arrangement in writing.
mobiloans doesn't service loans or take part in collections. Questions about payments go directly to your lender.
Credit Checks, Reporting and States
Credit checks
Lenders may check your credit with one or more consumer reporting agencies, using soft or hard inquiries.
Credit reporting
Many lenders report payment history, so on-time payments may help your credit and late ones may hurt it.
State availability
Loans aren't available in every state, and terms can vary by state law. Check your state.
How we're paid
Lenders pay mobiloans when we connect them with a borrower. You never pay us.
Rates and Terms FAQ
What APR will I get?
Lenders in our network offer APRs from 5.99% to 35.99%. Your rate depends on your credit, income, loan amount, term and state. The lender shows your exact APR before you accept.
Does mobiloans charge any fees?
No. Our service is free for borrowers. Lenders in our network pay us when we connect them with you, and that doesn't change your loan terms.
What fees can a lender charge?
Depending on the lender and your state, fees may include an origination fee (included in the APR), late fees and returned-payment fees. Every fee must be listed in your loan agreement.
Can I renew or extend my loan?
Renewal and extension policies vary by lender and state. Your loan agreement explains whether renewals are allowed and what they cost. Contact your lender before your due date if you need help.
Rates and terms reviewed October 3, 2026. Your lender's Truth in Lending disclosure is the official source for your loan's terms.
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