Discover a personal loan from Mariner Finance, a personal loan company, that suits your needs right now and is available online or offline!
Where Mariner Personal Loans Stand Out
| Where Mariner Personal Loans Stand Out | Where Mariner Personal Loans Fall Short |
|---|---|
| soft credit check for pre-qualification, allowing borrowers to see the potential loan amount and APR without affecting credit. | high starting APR compared to other bad-credit and online lenders. |
| Secured loans are available, allowing borrowers to use a vehicle as collateral, potentially resulting in lower APRs. | possible fees, including origination fees and fees for online or phone payments. |
| accepts co-borrowers and co-signers, considering their credit and income for approval or lower rates. | In-person visits are required for secured, joint, or co-signed loan applications. |
| limited payment date flexibility for online applicants. | |
| Lawsuits filed in 2022 allege deceptive practices and encourage unnecessary refinancing. | |
| The use of live checks (loan-by-mail) was criticized, with customer complaints reported by the Consumer Financial Protection Bureau. | |
| Optional credit insurance adds an extra cost to the loan. |
Qualification Requirements for Mariner Personal Loans
Qualification Requirements for Mariner Personal Loans:
Minimum Credit Score: 580 for online applicants, no minimum for in-person applicants.
Minimum Credit History: None, but a credit file is required.
Minimum Income: None specified; the lender looks for borrowers with enough income to repay the loan, accepting various sources of income.
Maximum Debt-to-Income Ratio: 60%.
Details about Mariner’s Average Borrower
| Average Credit Score: 641 |
| Average Monthly Gross Income: $5,154 |
| Average Debt-to-Income Ratio: 60% |
| Average Loan Amount: $4,000 |
| Average Repayment Term: 45 months |
| Average APR: 27.39% |
Before Applying for a Mariner Personal Loan
Check your credit.
Calculate monthly payments using a personal loan calculator.
Make a plan to repay the loan, considering the impact on your budget.
Gather the necessary documents for the application process.
How to Apply for a Mariner Personal Loan
1. Pre-qualify on Mariner’s website, providing personal information. No hard credit pull at this stage.
- Preview loan offers and accept the one that fits your budget.
- submit a formal personal loan application, possibly requiring additional documents.
- Mariner conducts a hard credit check.
- Make a plan for loan repayment, as on-time payments affect your credit score.
payment mariner finance
We provide personal loans ranging from $1,000 to $25,000, with minimum and maximum amounts based on the state in which the applicant resides and the loan’s underwriting. Funding for loans up to $15,000 can be done online. Funding for loans less than $1,500 and over $15,000 is provided by our branch network. Every applicant’s APR will be calculated based on their state of domicile, credit at the time of application, individual underwriting, and any stated APR, which is the cost of credit expressed as an estimated annual rate. Certain applicants may not be eligible for the lowest interest rates or maximum loan amounts, which would necessitate a first lien on a car that is titled in their name, has valid insurance, and is not older than 10 years. Not every state offers the same rates and lending quantities. You must have a computer or mobile device that is compatible with our loan by phone and online closing process in order to access your electronic papers and communications. Not every loan type can be closed online or over the phone.
