MoneyGeek’s Take

Mariner Finance Personal Loan Lender Review

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ByChristopher Boston
Edited byVictoria Copans
ByChristopher Boston
Edited byVictoria Copans

Updated: December 27, 2023

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Mariner Finance is a solid choice for personal loans, particularly for borrowers seeking smaller loan amounts with flexible uses, like debt consolidation or home improvements. Its quick application process, lack of prepayment penalties and co-signer option make it accessible. However, its limited state availability and lack of fee transparency are downsides. Ideal for those who prefer online applications and quick decisions, Mariner Finance caters well to a specific borrower profile needing prompt, versatile financial solutions.

  • Mariner Finance

    • 16% to 35.99%APR Range
    • UndisclosedMinimum Credit Score
    • $1,000 to $25,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • UndisclosedTime to Receive Funds

    Mariner Finance stands out as a personal loan lender for several key reasons. Its fast online application process makes getting a loan simple, safe and secure. You can complete the process online without the hassle of visiting a branch. It also provides a personalized loan offer without impacting your credit score, so you can check what you qualify for without risk to your credit health.

    Lastly, Mariner provides a 15-day satisfaction guarantee. If you change your mind or find a better option, you can return the borrowed amount within 15 days without any fees. It offers peace of mind and flexibility, rare in the loan industry.

    Mariner Finance's features, like its A+ BBB rating and over two decades in business, underscore its reliability and commitment to customer satisfaction. While the maximum loan amount is only $25,000 and online applications are limited to certain loan amounts, its approach to personal loans is geared towards a hassle-free and borrower-friendly experience.


    • No prepayment penalties
    • Fast online application process
    • Quick credit decision, usually within the same business day
    • Allows co-signers


    • Maximum loan amount is only $25,000
    • Online applications are only for loans between $1,500 and $15,000
    • Limited to 28 states
    • Does not publicly disclose eligibility requirements or fund disbursement timeline
    Mariner Finance

Features of Mariner Finance Personal Loans

Mariner Finance's personal loans offer versatility. You can use them for various needs, such as debt consolidation, home improvements or unexpected expenses. Understanding their features is key to deciding if Marine Financial is the best personal loan lender for you.

You'll find different loan terms, enabling you to choose a repayment period that fits your budget. Be aware of the fees involved, as these affect the total cost. Mariner Finance also provides customer support and online tools for easy loan management. Evaluating these elements can help you pick a lender that aligns with your financial goals and offers the support you need.

What You Can Use Your Funds For

Understanding how you can use your personal loan is crucial since some lenders limit how you can spend your money. With Mariner Finance, you have the flexibility to address various financial needs, such as:

  • Debt Consolidation: Use a Mariner Finance personal loan to merge several outstanding debts into one. This can lead to lower interest rates than high-interest credit cards, making it easier to manage and pay off debt faster. It could also simplify your finances and potentially help you save on interest.

  • Unexpected Expenses: A Mariner Finance loan can help you handle unforeseen costs like medical emergencies or urgent home repairs so you can address these issues promptly without depleting your savings or resorting to high-interest credit options.

  • Home Improvements: Whether it’s a necessary repair or a desired upgrade, Mariner Finance can provide the funds to enhance your living space, boosting both the comfort and value of your home.

  • Vacation: A personal loan from Mariner Finance can cover airfare, accommodation and other travel expenses, spreading the cost over time instead of paying all at once.

  • Wedding Costs: Your big day should be memorable, not stressful. With Mariner Finance, you can cover expenses like the venue, catering, attire and photography without the financial strain, allowing you to focus on the joy of the occasion rather than the cost.

Choosing a personal loan from Mariner Finance allows you to cover various expenses based on your needs and goals.

Loan Terms for a Mariner Finance Personal Loan

Understanding the terms of a Mariner Finance personal loan means knowing how much you can borrow, how long you have to pay it back and the cost of borrowing.

Mariner Finance offers loans ranging from $1,000 to $25,000. The amount you can borrow depends on where you live and your application details. Loans from $1,500 to $15,000 can be conveniently processed online. You'll need to visit a local branch for loans with amounts outside this range.

The annual percentage rate (APR), which reflects the total cost of borrowing, including interest and fees, starts at around 16%, based on Mariner Finance's online calculator. Remember, a lower rate means a more affordable loan.

Repayment terms vary from 12 to 60 months, allowing you to choose a payment plan that suits your budget. A shorter term means higher monthly payments, but you'll pay less in total interest. A longer term reduces your monthly payments but increases the total interest paid over the life of the loan.

By understanding these terms, you can choose a loan that fits your financial situation, ensuring you can comfortably make repayments without stretching your budget.

Fees and Discounts for a Mariner Finance Personal Loan

When considering a personal loan lender, consider its fee structure, as it influences the overall cost of your loan. An advantage of Mariner Finance is that it doesn't charge a prepayment penalty, meaning you have the freedom to pay off your loan early without facing any additional fees, potentially saving you money on interest.

However, Mariner Finance doesn't clearly state whether it charges origination fees. Since origination fees, when applied, are usually taken out of your loan amount, it's important to confirm this detail before finalizing anything.

Remember, fees can significantly affect the affordability and suitability of a loan for your financial needs. Always check with Mariner Finance for the most current and specific fee information to make an informed decision.

Mariner Finance Customer Service

Good customer service is key when choosing a personal loan lender. It ensures you have support whenever you have questions or issues about your loan. Mariner Finance offers several ways to get in touch. For example, you can call them at (800) 373-4004 for direct assistance. If you prefer writing, fill out a form on the website, and a representative will contact you. Visiting one of its branches is an option for those who like face-to-face interactions.

Mariner Finance's commitment to customer service is reflected in its Trustpilot rating of 4.4 out of 5, based on 425 reviews. Notably, 83% of these reviews are 5-star ratings, showing that many customers are satisfied with the support they receive.

Mariner Finance Personal Loan Online Resources

Choosing Mariner Finance also provides access to useful resources that can help you understand and manage your loan effectively.

Mariner Finance offers a Personal Loan Calculator on its website. You enter how much you want to borrow, your preferred repayment period and an estimated APR. The calculator then shows your estimated monthly payment, helping you plan your finances better.

The Mariner Finance Blog features articles on various financial topics, including personal loans. You can find insights on managing wedding expenses, what to expect when working with a lender and differences between personal and auto loans. These resources equip you with the knowledge to make informed financial decisions.

Qualifying for a Mariner Finance Personal Loan

Understanding what Mariner Finance looks for in a borrower before you apply for a personal loan can be advantageous as it helps you gauge your chances of approval and prepare the necessary information.

Mariner Finance doesn't detail its eligibility requirements online. However, lenders typically assess the following factors:

  • Credit Score: A good credit score usually means better loan terms. It reflects your credit history and how reliably you've handled past debts.

  • Income: Lenders need to know you can afford the monthly payments. Stable, sufficient income is a plus.

  • Debt-to-Income Ratio: This shows how much of your income goes towards existing debts. A lower DTI ratio is better.

  • Employment History: Consistent employment suggests financial stability, a trait lenders favor.

Mariner Finance allows a co-signer, who doesn't need to be a family member. Having one can improve your loan approval chances, especially if your credit score or income is lower than desired. The co-signer agrees to pay the loan if you can't, reducing the lender's risk. However, it also means responsibility on their end, so choose someone trustworthy and financially stable.

Is a Mariner Finance Personal Loan Right For You?

Deciding if Mariner Finance is the right personal loan lender for you is an important step. Your choice can impact your long-term financial health. Consider how much you need to borrow, the fees you’re comfortable with and the customer support you expect. Also, assess if its online tools and resources can help you manage your loan effectively. Making an informed decision ensures you choose a loan that fits your financial goals and circumstances, setting you up for successful borrowing and repayment.

Who Can Benefit From a Personal Loan From Mariner Finance

Mariner Finance stands out if you value the convenience and speed of online transactions. Its process for loans between $1,500 and $15,000 is designed for online applications, making it a great option if you prefer handling your financial matters digitally. Plus, with its fast loan processing and decision-making (often within the same business day), it caters to those who need quick financial solutions without lengthy waits.

Mariner Finance may also be a suitable choice for borrowers who would benefit from having a co-signer, which may be the case if you're looking to improve your loan terms or your credit history isn't strong enough to secure a loan on your own. Having a co-signer pulls up your chances of approval and potentially better loan conditions.

Who Shouldn’t Secure a Personal Loan from Mariner Finance

For individuals who need to borrow more than $25,000, Mariner Finance might not be the best option. The lender caps its personal loan amounts at this figure, which could be a constraint for those requiring larger sums of money for their projects or expenses.

Clarity on fees is another consideration. Mariner Finance doesn’t provide explicit information on certain fees, like origination or late fees, which can be a concern for borrowers who prefer transparency before committing to a loan. The lack of a detailed fee structure could be a drawback for those who want to fully understand the cost implications of their loan before applying.

Lastly, Mariner Finance’s services are limited to 28 states. If you don't live in one of those states, securing a loan from Mariner Finance won’t be an option.

How to Apply for a Mariner Finance Personal Loan

Applying for a Mariner Finance personal loan is a straightforward process, and knowing the steps ahead of time can make it even smoother. By understanding what's involved, you can prepare the necessary information and documents, reducing delays and stress.

Here’s what you need to prepare for:

Choose Your Application Method

Decide whether to apply online, by phone or in person at a Mariner Finance branch.

Gather Required Documents (For Phone or In-Branch Applications)

If applying by phone, find your nearest branch using Mariner Finance's website. For in-branch applications, especially for loans outside the $1,500 to $15,000 range, prepare to bring necessary documents like a government-issued photo ID, Social Security card, proof of residence and proof of income. If you’re self-employed, include your recent tax return and bank statements.

Complete the Application

If applying online, the process is quick, usually taking about five minutes. That includes a "soft" credit check, which won’t affect your credit score.

Proceed with In-Depth Credit Inquiry

If you continue after the initial offer, or if you're referred to a branch, Mariner Finance will perform a "hard" credit inquiry. This can temporarily impact your credit score.

Submit Your Application and Await Response

After submission, you can generally expect a response on the same business day.

Receive and Accept Loan Offer

For online applications, if your loan is approved, you can typically expect to receive the funds within several days after accepting the loan offer.

Each step ensures you can secure a loan that fits your financial needs with minimal hassle. Being prepared and understanding each stage helps in making your loan application experience with Mariner Finance smooth and successful.

What to Do If You’re Denied

Being denied a personal loan from Mariner Finance can be discouraging, but it’s only a temporary setback. You can take several steps to understand and possibly overcome this outcome.

  • Understand the Reasons for Denial: Lenders usually provide reasons for denial. It could be due to a less-than-stellar credit score or a high debt-to-income ratio. Knowing the specific reason can guide your next steps.

  • Boost Your Financial Profile: Work on improving the factors that led to your denial. This may involve paying down existing debts, increasing your income or repairing your credit score. These improvements can make future loan approval more likely.

  • Consider a Co-Signer or Co-Applicant: Mariner Finance allows for a co-signer or co-applicant. This person adds their credit and income to your application, potentially strengthening your loan request.

  • Look for Alternative Financing Options: If Mariner Finance isn’t the right fit, explore other lenders. Credit unions, banks and online lenders might have different criteria or loan products that better suit your situation. Peer-to-peer lending platforms are another option to consider.

  • Seek Professional Financial Advice: A financial advisor can provide personalized guidance. They can help you understand your credit report, suggest ways to improve your financial health and identify suitable loan options based on your specific circumstances.

Use this challenge as an opportunity to review and improve your financial health and explore your options. You can find a solution that aligns with your financial goals with the right approach and resources.

FAQ About Mariner Finance as a Personal Loan Lender

MoneyGeek provides clear, concise answers to some common queries, helping you gain a better understanding of what Mariner Finance offers as a personal loan lender.

Does Mariner Finance have restrictions on how you can use your funds from a personal loan?
What is the minimum credit score requirement for a Mariner Finance personal loan?
How long does Mariner Finance take to approve a personal loan?
Does Mariner Finance have a mobile app?
Is a Mariner Finance personal loan secured or unsecured?
How much can I borrow using a Mariner Finance personal loan?
What fees will I encounter with a Mariner Finance personal loan?
How does applying for a Mariner Finance personal loan affect my credit score?
Does Mariner Finance offer an autopay discount for personal loans?
Can you have co-signers on a Mariner Finance personal loan?

About Christopher Boston

Christopher Boston headshot

Christopher (Croix) Boston was the Head of Loans content at MoneyGeek, with over five years of experience researching higher education, mortgage and personal loans.

Boston has a bachelor's degree from the Seattle Pacific University. They pride themselves in using their skills and experience to create quality content that helps people save and spend efficiently.

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The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.