MoneyGeek’s Take

Mariner Finance Personal Loan Review

With no credit score requirements, Mariner Finance is a top choice for borrowers with less than good credit. Depending on the borrowed amount that’s requested, Mariner Finance allows online application, and they pre-qualify applicants using a soft inquiry. However, this lender has high rates and is not transparent with their fees and processes.

Last Updated: 6/23/2022
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Mariner Finance offers personal loans that are targeted to borrowers with bad credit. Loan terms vary from 12 to 60 months. Most loan seekers might find their offers unattractive as they feature high interest rates and fees. Moreover, this lender has a bad customer service reputation and some reports of deceptive practices against them.

At a Glance: Mariner Finance Personal Loans


  • Mariner Finance

    • 18.99% to 35.99%APR Range
    • NoneMinimum Credit Score
    • $1,000 to $25,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Next DayTime To Recieve Funds

    on Mariner Finance Website

Mariner Finance Personal Loan Details and Requirements

  • APR

    Personal loans from Mariner Finance have an APR of 18.99% to 35.99%.

  • Credit Score Requirements

    Mariner Finance evaluates borrowers on a holistic basis, and they don’t have any credit score requirements.

  • Income Requirements

    Although Mariner Finance doesn’t publicize their income requirements, borrowers need to have a reasonable debt-to-income ratio to qualify.

  • Loan Amounts

    Mariner Finance offers personal loans from $1,000 to $25,000.

  • Loan Terms

    Borrowers can settle their Mariner Finance personal loans in 12 to 60 months.

  • Permitted Uses

    Mariner Finance personal loans can be used to consolidate debts, fund special occasions, make large purchases and more.

  • Prohibited Uses

    Mariner Finance’s website does not feature any limitations on the use of their personal loans.

  • Time to Receive Funds

    Usually, Mariner Finance will respond regarding a loan application within the same business day.

  • Origination Fees

    Mariner Finance is not transparent about their policies on origination fees, but MoneyGeek’s research shows that they do charge them.

  • Late Fees

    Borrowers who fail to pay their dues on time will be charged late payment penalties.

  • Prepayment Penalty Fees

    Mariner Finance’s personal loans do not have prepayment penalties.

  • Co-signers and Co-applicants

    Mariner Finance allows co-signers.

  • Perks

    Borrowers can return their loan proceeds within 15 days without having to pay any fees.

  • Mobile Application

    Mariner Finance’s mobile app allows borrowers to manage their personal loans.

Is Mariner Finance Right for You?
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Personal loan companies offer distinct features and requirements, and you may find some providers to be a better fit. MoneyGeek reviewed Mariner Finance’s personal loans to help you determine their suitability for your needs.

Who Mariner Finance Is Perfect For

Mariner Finance is best for poor-credit borrowers who are having a difficult time securing an approval elsewhere. They don’t have credit score requirements. Even better, applicants who have filed for bankruptcy can qualify. This lender has a fast evaluation process and typically provides a response within the same day.

Mariner Finance’s personal loans are comparable to borrowing from a payday lender. They have high interest rates and fees. Make sure to read their loan agreement and understand their terms carefully before finalizing the loan.

Who Should Not Choose Mariner Finance

Mariner Finance is not the best choice for most borrowers. Their APRs are high, and they aren’t transparent with their fees. Since their website offers limited information, it’s difficult to compare their offers with other providers.

While charging late payment penalties is not unusual, Mariner Finance charges fees for payments made online or over the phone. They’ve also received numerous complaints about their potentially deceptive practices of sending live checks to pre-screened individuals. Lastly, Mariner Finance’s loans are not available in 23 states.

How to Apply for a Mariner Finance Personal Loan

MoneyGeek detailed the necessary steps when getting a loan from this company. Note that Mariner Finance can only process your loan application online if you’re borrowing $1,500–$7,000. Otherwise, you may be required to visit any of their 480 branches and submit your application in person.

1

Prequalify

Visit Mariner Finance’s personal loans page and click the apply button. You’ll be asked to provide your personal information, income details and your preferred loan amount. Mariner Finance will then conduct a soft credit pull to assess your application. If passed, they’ll provide your loan options.

2

Fill Out Application Form

Based on your desired loan amount, you can either continue the process online or through a Mariner Finance branch. If you’ve proceeded online, you’ll be asked to submit additional documents and e-sign an authorization for a hard credit pull.

3

Wait for Approval

Mariner Finance will now review your application — they usually give their decision within the same day.

4

Review Loan Agreement

If you’ve passed their criteria, Mariner Finance will provide a loan agreement containing your final loan amount and interest rate. Review all the details in the document carefully.

5

Sign Loan Agreement

Once you feel confident with the document, you can e-sign Mariner Finance’s loan agreement.

6

Receive or Direct Funds

Once the loan is approved, it can take 1–2 days to receive the funds.

7

Make Payments

Following disbursement, Mariner Finance will expect repayment of the personal loan following your loan agreement’s schedule. To avoid additional charges, it’s best to sign up for autopay or pay your loan at one of their branches.

What to Do if You Are Rejected From Mariner Finance

Despite going through their process and submitting all required documents, Mariner Finance can still decline your loan application. This can happen due to an unstable source of income, irregularities with the documents submitted and other factors related to your creditworthiness.

Having your personal loan application disapproved can be frustrating. However, you can still reach out to Mariner Finance to clarify why they rejected your application. By identifying the reason for rejection, you know in which area you need to improve your application.

It’s recommended to address the issue or issues associated with your creditworthiness first before applying to another lender. Without this step, the new lender may also reject your application for similar findings. Keep this in mind for the sake of saving yourself time.

You can pay off some of your existing debts or find a way to increase your income before applying anew. You can also consider applying for a lower loan amount or getting a secured loan. Likewise, you can apply with a cosigner to increase the chance of loan approval.

Frequently Asked Questions About Personal Loans

MoneyGeek reviewed Mariner Finance’s personal loans and broke down their pros and cons. Since our findings apply to a general audience, your individual needs and situation will determine the best lender for you. We answered some frequently asked questions to help you weigh this lender’s overall value proposition.

Read More on Personal Loans

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