Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). In some cases, we receive a commission from our partners; however, our opinions are our own.
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Who Is Mariner Finance Best For?
On the other hand, you can get much better rates with another lender if your credit is in decent shape. If you don't live in one of the states Mariner Finance serves, you won't be able to get a loan with the company at all.
Mariner Finance Personal Loan Details
Mariner Finance has personal loans that range from
The lender offers both secured and unsecured personal loans. The difference between the two is that you need to put up collateral for a secured loan, while you don't need to for an unsecured loan. All of Mariner Finance's loans have fixed interest rates, meaning your rate will stay the same over the life of your loan.
Your APR will range from
Borrowers can use personal loans for a variety of purposes, including home improvement projects, medical bills, and even vacations (though be careful before you jump to do so). Mariner Finance offers repayment term lengths from 12 to 60 months.
Mariner Finance Personal Loan Pros and Cons
How to Apply for a Mariner Finance Personal Loan
1. Fill out a loan application on Mariner Finance's website. You'll put in basic contact information, citizenship status, and home address, as well as your desired loan amount and loan purpose.
2. Receive an approval decision within minutes. Mariner Finance will conduct a soft credit check to generate your rates, which won't impact your credit score. If you're approved, you'll be able to review your personalized loan offers.
3. Verify your information. After sending in a formal application, Mariner Finance may ask you to send in proof of income, like a W-2, tax returns, or other financial documents.
4. Accept the money and work on a repayment plan. The lender will send the money to your bank or you can pick up a check at a local branch. Work your monthly payments into your budget, and make sure you have enough money to cover all of your financial responsibilities.
Mariner Finance Frequently Asked Questions
Does Mariner Finance accept bad credit?
Yes, Mariner Finance is accessible to borrowers with bad credit. The lender has no listed minimum credit score, while other lenders require credit scores in the mid-to-high-600s to qualify for a loan. Mariner Finance will take your entire financial situation into account before making a loan decision, not just your credit score.
Does Mariner Finance do a credit check?
When you apply for a loan and check your rates, Mariner Finance performs a soft credit check, which doesn't show up on your credit report and won't affect your score. If you choose to move forward with the loan process, the company will generate a hard credit inquiry, which gives the lender a comprehensive view of your credit history and may negatively impact your credit score.
How long does it take to get approved by Mariner Finance?
You'll usually get a response from the company within the same business day you apply, and if you are approved, you'll receive your money within one to three business days.
Mariner Finance Trustworthiness
Mariner Finance has a top-notch BBB score, but that doesn't necessarily mean you'll have a good experience with the company. Reach out to people you know who have used the company to get a firsthand account of what the lender is like.
There have been no recent controversies involving Mariner Finance. Between the company's great BBB grade and clean history, you may feel comfortable borrowing from the lender.
Mariner Finance Personal Loans Competitors
Mariner Finance vs. OneMain Financial Personal Loan - Product Name Only
Both lenders cater to borrowers with poorer credit histories. OneMain Financial has a minimum credit score of 600 and Mariner Finance don't have a minimum credit score.
OneMain Financial charges an
Related: The best personal loans with no origination fee »
Mariner Finance vs. Avant
Avant has an a
Both lenders will usually disburse your money in one business day, so they could be a good option for borrowers who need money fast. You'll pay the same maximum interest rate of 35.99% with both lenders, and Avant offers the lowest starting rate.
How we rated Mariner Finance
We rate all personal loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. They are:
- Interest rate (20% of rating)
- Fees (20% of rating)
- Term lengths and loan amounts (15% of rating)
- Funding speed (15% of rating)
- Borrower accessibility (15% of rating)
- Customer support (7.5% of rating)
- Ethics (7.5% of rating)
Each category's weighting is based on its importance to your borrowing experience. Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan's terms, so they have less of an impact on the overall rating.
See more on how we rate personal loans >>
OneMain Financial Personal Loan disclosure: Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral) and your state of residence. If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB's Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: $3,100. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600. Borrowers in these states are subject to these maximum loan sizes: North Carolina: $9,000 for unsecured loans to all customers, $9,000 for secured loans to present customers. Maine: $7,000. Mississippi: $15,000. West Virginia: $14,000. Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi, and North Carolina dealerships are not subject to these maximum loan sizes. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07. Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.