This paper presents a MIMO antenna system composed of eight wideband horizontal dual-loop antenna elements. Each dual-loop antenna is printed on both sides of a smartphone board. The unit element antenna is designed to operate in the frequency range from 3.2 GHz to 5 GHz. The performance of the MIMO system is then analyzed. The performance of the obtained MIMO system in the frequency range from 3.2 GHz to 4.8 GHz is characterized by input reflection coefficient which is less than -6 dB for all antenna elements, and the isolation between the elements is larger than 15 dB. The total efficiency is greater than 55% over the entire band (3.2-4.8 GHz). Parameters of the multichannel antennas including envelope correlation coefficient (ECC), diversity gain (DG), and channel capacity loss (CLL) are analyzed to evaluate the performance of the MIMO system. The effect of the human hand and head on the performance of this MIMO antenna is also investigated. In addition, the effect of the radiated fields on the human body is also studied. The Specific Absorption Rate (SAR) value is found to be less than 0.8 W/kg. The MIMO system antenna is fabricated and measured. Good agreements are obtained between the simulated and measured parameters. The proposed MIMO system is applicable to the 5G N48, N77, and N78 bands.