Mariner Finance Personal Loans Review
What Can Mariner Finance Personal Loans Be Used For?
A Mariner Finance personal loan can meet many needs, including:
- Consolidating debts.
- Completing home improvements.
- Paying for a vacation or a wedding.
- Covering unplanned expenses, such as appliance breakdowns or car repairs.
You can apply for a Mariner Finance personal loan by phone, at a branch or online, which takes about five minutes. A government-issued photo ID, such as a driver’s license or a passport, and proof of income are required. Mariner Finance prefers pay stubs to verify income but may accept bank statements, W-2 or 1099 forms, personal tax returns, or Social Security award letters.
If you apply at a branch, you should also bring:
- Your Social Security card.
- Proof of residence, such as a utility bill or a signed lease.
- If self-employed, your recent tax return and copies of bank statements.
The online process uses a soft inquiry that won’t hurt your credit score to determine your loan eligibility. If you continue your application, then Mariner Finance will pull your credit again using a hard inquiry that may temporarily decrease your score.
You will usually receive a decision the same business day. If you are approved, then you will review personalized loan offers. Mariner Finance personal loans may be secured by an asset or co-signed, or you may be eligible for an unsecured personal loan based on your credit history and other factors.
If you accept an offer, Mariner Finance will verify your information and send the money to your bank, or you can pick it up at a Mariner Finance branch.
APRs on Mariner Finance personal loans range from 18.99% to 35.99% with repayment terms of 12 to 60 months. Qualifying for the lowest rates or larger loan amounts may require a lien on an insured vehicle no more than 10 years old and titled in your name.
Not all rates and loan amounts are available in the states where Mariner Finance operates.
Additional fees may apply to loan offers, and some fees required or permitted by your state may be treated as prepaid finance charges. Those are upfront costs you must cover along with your regular loan payments, and they are disclosed in the loan agreement.
Borrowers can make payments online, by phone or by mail or at a Mariner Finance branch. You can opt for automatic payments, and you will be charged no prepayment penalty if you pay off your loan early.
If your credit score is fair or good, you could qualify for a Mariner Finance personal loan.
Loans funded online are between $1,500 and $15,000, and loans less than $1,500 or greater than $15,000 are funded through Mariner Finance branches. Personal loans range from $1,000 to $25,000, but minimum and maximum amounts depend on your state and underwriting.
Specific rates and fees depend on your state, as well as your loan amount, term and ability to meet Mariner Finance’s credit criteria. Those criteria include credit history, income, debt and availability of collateral.
Mariner Finance doesn’t list a minimum credit score. Applicants who have filed for bankruptcy may be considered for a personal loan, subject to underwriting requirements.
Mariner Finance serves 28 states and has more than 480 branches nationwide.
You can apply for a Mariner Finance personal loan if you live in one of these states: Alabama, Arizona, California, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington or Wisconsin.
Mariner Finance has an A+ rating by the Better Business Bureau. Trustpilot rates Mariner Finance an excellent 4.4 out of 5 stars based on nearly 300 reviews.
The Consumer Financial Protection Bureau received 59 complaints in 2022 about Mariner Finance personal loans. Top complaints were problems when making payments and struggling to pay the loan. The company gave a timely response to all complaints and closed each with an explanation.
If you have a question or a problem, call your nearest Mariner Finance branch or 800-373-4004. Branch hours are 9 a.m. to 5 p.m. Eastern Time Monday, Wednesday and Thursday; 9 a.m. to 7 p.m. ET on Tuesday; and 9 a.m. to 5:30 p.m. ET on Friday.
You can also contact the company at marinerfinance.com by clicking on Customer Support at the top right. Scroll down the page to “Drop us a line,” and complete the form to receive a response.
You will be able to handle many aspects of the loan process online if you prefer.
- Begin and, in some cases, complete the application, depending on your loan.
- Monitor and pay your loan.
- Receive funding online for loans between $1,500 and $15,000.
- Message customer service about questions or problems.
- Find the nearest Mariner Finance branch.
You can also enroll in an online program called MoneySKILL that aims to help consumers better understand their finances.
- People who need money fast.
- People who can afford potentially high interest rates.
- People who live in one of the 28 states that Mariner Finance serves.
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