Provided are a camera module and a mobile terminal. The mobile terminal includes a camera, a fill light source, and a light guide member. The light guide member has a first avoidance opening portion, and a first mounting space defined at a periphery of the first avoidance opening portion. An end of the camera adjacent to an object side is inserted into the first avoidance opening portion. The fill light source is disposed in the first mounting space. Light from the fill light source is guided to a field of view of the camera by the light guide member. The embodiments of the present disclosure further provide a mobile terminal.