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Mariner Finance Review

Reviews 485
Mariner Finance
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Mariner Finance
Mariner Finance
Excellent
Reviews 485
Danielle Greving
Feb. 05, 2023
4 min read
Danielle Greving author image
Mariner Finance Summary
Mariner Finance offers personal loans ideal for borrowers with fair or good credit history. You can borrow $1,000-$50,000, and take between one and five years to repay your loan. Typically, you’ll get your funds in three to four days. While the APRs are high, borrowers can qualify for large loans with long payoff periods. Both secured and unsecured personal loans are available and Mariner allows cosigners. 

Pros

  • Can prequalify with soft credit check
  • No prepayment penalties
  • 15-day satisfaction guarantee 

Cons

  • High interest rates – up to 35.99% in some cases
  • Not available in all states 
  • May charge origination fee 

Mariner Finance at a glance

8.8
Editorial score

Variety of loan types

Offers most loan types
8.0

Online experience

Has learning resources, access to rates, mobile app
10.0

Customer services and support

Award winning
10.0

Loan amount range

Loan amount up to $50K
8.0

Repayment flexibility

Loan terms up to 60 months
8.0

Mariner Finance Mariner Finance Visit Mariner

Suitable For?

Mariner personal loans are ideal for those who have fair or good credit scores, and do not have a minimum credit score requirement. Additionally, it’s an ideal option for those looking for a long repayment term, as you can take up to 72 months to pay back your loan. It’s also a good option for those who need a cosigner to take out a loan. 

However, the loans are only available in 28 states, and in some cases, you may need to visit a physical branch to complete the application (for example, for very small or large loans). So, Mariner may not be ideal for those looking to complete their entire loan application online. 

Loan Features

Mariner offers personal loans you can use for home improvement projects, debt consolidation, wedding expenses, vacations, or unexpected expenses. Both secured and unsecured personal loans are available. 

With a secured personal loan, you pledge collateral that the company is entitled to collect should you default on your loan. For example, you may put your home or car down as collateral. This allows you to qualify for a longer repayment term and lower interest rates. 

On the other hand, unsecured personal loans don’t require you to put down collateral. 

Mariner allows you to prequalify for a loan via a soft credit check, so your credit score isn’t affected. Additionally, you can purchase loan insurance, which covers your loan should you be unable to pay due to unexpected life events (such as a job loss, death, illness, or accident). 

Application Process 

In most cases, you can complete your Mariner personal loan application through the company website. However, if you’re taking out a very small or large loan (smaller than $1,000 or larger than $15,000), you may need to visit a physical branch location to complete your application. Mariner has branch locations in 28 states. 

Before applying, you’ll need to gather the correct documents to prove your income, including your pay stubs, tax returns, W-2s, and bank statements. 

After that, click Check my Offer on the Mariner website to prequalify for a personal loan. You’ll need to enter some personal information, but no hard credit check takes place at this time. 

Preview your loan offers and select one that fits your budget. After you select a loan and submit your proof-of-income documents, Mariner will perform a hard credit check to approve your loan. 

You can expect a response to your application within one business day, and if approved you’ll receive your funds in three to four business days. If you change your mind about your loan, you have 15 days to ask for a refund. 

Requirements

Mariner does not have a minimum credit score requirement, but generally speaking, you’ll need a score of at least 580 to be approved. There’s also no minimum income requirement, though you’ll need to provide proof of income when applying. Here are the other things you’ll need: 

  • US citizenship
  • A social security number and government-issued ID
  • To be at least 18 years old in most states
  • Collateral for a secured loan

Loan Terms

Mariner offers loans from $1,000 to $50,000, with APRs ranging from 18.99% to 35.99%. Your APR will be based on your credit, repayment plan, and whether you apply for a secured or unsecured loan. 

Depending on where you live, you may be required to pay a loan origination fee and a one-time fee for making an online or phone payment. 

Additionally, if you apply online, the initial payment date will be automatically set to 30 days after your loan is approved. Those who apply at a branch location can select an initial payment date that’s within 45 days of signing the loan agreement. 

Repayment Terms

Repayment terms range from 12-72 months. 

Privacy & Security

Mariner Finance collects the data you provide through various forms and may use this personal information to communicate with you. Mariner may disclose this personal information to third-party institutions as needed. For more info on privacy and security, you can read the company’s privacy statement on its website. 

Help & Support

Mariner has an FAQ page and an online contact form on its website, plus physical branch locations you can visit for advice. You can also contact the company via Twitter, LinkedIn, and Facebook. Customer service is also available 24/7 via phone at 800-373-4004.

Unfortunately, Mariner does not offer any email or live chat support, so it’s a bit limited compared to some other companies.

How Mariner Compares


MarinerLending Tree Upgrade 
APR18.99-35.99%5.40-35.99%7.96-35.97%
Minimum credit scoreNone (generally need at least 580)600560
Loan amounts$1,000-$50,000$1,000-$50,000 $1,000-$50,000 
Loan term12-72 months 12-144 months 24-84 months 
Suitable forThose with fair or good credit Those looking for a long repayment termThose looking for a large loan

Lending Tree and Upgrade offer longer repayment terms than Mariner. Additionally, Mariner has a much higher minimum APR. However, unlike Lending Tree, Mariner and Upgrade both accept credit scores below 600, making them ideal for those with fair credit. 

The maximum available loan is smaller with Mariner, but, unlike the other two companies, it does offer loan insurance. 

FAQs

Q: If I pay off my loan early, do I need to continue to pay interest for the rest of the loan term?

A: No. Interest payments stop as soon as you pay off your loan in full. 

Q: How can I obtain my account number?

A: Contact your local branch for this information. 

Q: Do you need collateral for Mariner Finance? 

A: You only need collateral for secured loans. 

Q: Does Mariner report to any credit bureaus?

A: Mariner reports to Equifax, Experian, and TransUnion. 

Summary

Mariner Finance offers personal loans with no minimum credit score requirement. Even those who have filed for bankruptcy can qualify for a Mariner personal loan. In many cases, applications can be completed entirely online, and you can choose from either a secured or unsecured loan. You can even use a cosigner. Additionally, you can prequalify for a loan without taking a hit to your credit score. 

Mariner also has a 15-day satisfaction guarantee, which allows you to refund your loan if you change your mind for any reason. Overall, Mariner is a good option for those who are in a tight financial position and in need of a personal loan. 

Physical Address

Mariner Finance, LLC, NMLS No. 166564

8211 Town Center Drive, Nottingham, MD 21236.

Mariner Finance Mariner Finance Visit Mariner

Methodology

This review was compiled using information from the company website. 


Danielle Greving author image
Written by
Danielle Greving
Danielle is a tech and finance writer with experience in personal finance, cryptocurrency and numerous SaaS companies. Her bylines can be found on MoneyTips, CoinMarketCap, GraniteShares and Top10.com. An avid traveler and former ESL teacher, Danielle's writing blends a wealth of technical and financial knowledge with simple and straightforward explanations for everyday readers.
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