What can you do with a Mobiloans line of credit?

A Mobiloans line of credit is the new, more flexible way to borrow emergency cash. Use it to avoid costly bank overdraft fees and payday loans. With flexible payment options and no hidden fees or prepayment penalties, a Mobiloans line of credit gives you more ways to manage life’s everyday expenses 1 .

When do you get your Mobiloans application approved?

Applications processed and approved before 4 p.m. CT are typically funded the next business day. In some cases, we may not be able to verify your application information and may ask you to provide certain documents. Mobiloans is an expensive form of short term credit and should not be used as a long term solution.

When do you get a Mobiloans cash loan?

2 In 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.

What are the benefits of Mobiloans tribal loan?

Earn 10% – 65% off cash advance fees and fixed finance charges when you make on-time payments1. Learn financial basics while earning rewards. * 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.

How is the advance fee for Mobiloans calculated?

A Cash Advance Fee is charged one time per draw and is calculated as follows: Draw Amount Cash Advance Fee Up to $500 $3.00 for each $20 of cash advanced Over $500 up to $1,000 $2.00 for each $20 of cash advanced Over $1,000 up to $1,400 $1.60 for each $20 of cash advanced

What’s the interest rate on a Mobiloans loan?

Mobiloans is an expensive form of short term credit and should not be used as a long term solution. 1 See Important Truth in Lending Disclosures. Additional fees may apply for checks returned due to insufficient funds. The Annual Percentage Rate (APR) ranges between 206.14% – 442.31%.