MobiLoansDisclosures

1. Lending partners

MobiLoans Inc. is a financial technology company, not a bank. Loans facilitated through our platform are originated by our partner banks:

• Cross River Bank — A New Jersey state-chartered commercial bank, FDIC Member, Equal Housing Lender. Originates personal loans in most states.
• WebBank — A Utah-chartered industrial bank, FDIC Member, Equal Housing Lender. Originates personal loans in select states.

Cash advances are originated by MobiLoans Inc. directly under applicable state lending licenses.

2. APR and rate disclosures

Personal Loan APR range: 8.99% to 35.99%. Your specific APR depends on your creditworthiness, loan amount, term, and applicable state laws. The APR reflects the cost of credit as a yearly rate, including interest and any fees.

Example: $10,000 loan at 14.99% APR over 36 months

• Monthly payment: $346.50
• Total of payments: $12,474
• Total interest: $2,474
• Origination fee: $0
• Total cost of credit: $2,474

Cash Advance pricing

Cash Advances have no APR if repaid on the scheduled date. We accept optional tips (0–10% of advance amount). If you choose to tip the maximum 10% on a 14-day advance, the equivalent APR is approximately 260%. We are transparent that tipping is fully optional and never required.

3. State-specific disclosures

Loan products, terms, and availability vary by state. MobiLoans operates in 48 US states (excluding Nevada and Connecticut). The following states have specific requirements:

• California: Loans made or arranged pursuant to a California Financing Law license.
• New York: Personal loans subject to NY Department of Financial Services regulations. Maximum APR capped at 25%.
• Massachusetts: Maximum loan amount is $20,000. Small loan license #MC-2148732.
• Vermont: Loans facilitated for VT residents are exclusively made by Cross River Bank.
• Maine: Supervised lender license required for loans over $7,500.

For the full state disclosure table, contact [email protected].

4. Fees

We pride ourselves on being one of the most transparent lenders. Here is the complete list of fees we may charge:

• Origination fee: $0
• Late payment fee: $0
• Prepayment penalty: $0
• Returned payment / NSF fee: $0 from us (your bank may charge their own)
• Monthly maintenance fee: $0
• Statement / paper bill fee: $0

If you see any fee on your statement that's not listed above, it is not from us. Contact support immediately at 1-844-555-0142.

5. Credit reporting

We report account activity to the three major credit bureaus: Equifax, Experian, and TransUnion. This includes:

• Account opening and credit limit
• Monthly payment status (on-time or late)
• Account balance
• Account closure (paid in full or charged off)

Cash Advances are NOT reported to credit bureaus and do not affect your credit score (positively or negatively).

6. Equal Credit Opportunity Act notice

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

The federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20552.

7. Contact for disclosures

For questions about any of the disclosures on this page:

• Email: [email protected]
• Phone: 1-844-555-0142
• Mail: MobiLoans Inc., Attn: Compliance, 200 Brickell Avenue, Suite 1500, Miami, FL 33131