Mariner Finance is a lender that offers personal loans, car loans, and mortgages. Here is a quick overview of Mariner Finance’s strengths and weaknesses:
Mariner Finance personal loans provide $1,000 - $25,000 in funding to borrowers in 24 states. But due to high costs, only people with bad credit should consider a loan from Mariner Finance.
The APRs for Mariner Finance loans start at 18.99% and can be as high as 35.99%. The minimum is extremely high, considering that most lenders offer the possibility of a rate below 10%. However, Mariner Finance’s maximum APR is in line with what other lenders charge. That’s why the only ones who should apply for Mariner Finance loans are people with bad credit who are likely to get an APR near the maximum no matter which major personal loan provider they pick.
Mariner Finance offers secured loans in addition to their unsecured personal loans. Borrowers can use a vehicle as collateral, and may be able to use other types of personal property after discussion with their local branch. It’s possible to get a lower APR or a higher loan amount as a result of securing your loan.
Mariner Finance Review Highlights:
Mariner Finance loan rates: 18.99% - 35.99%
Loan amounts: $1,000 - $25,000
Payoff periods: 12 - 60 months
Origination fee: $0
Late fee: Varies by state
Funding timeline: As soon as 3 to 4 days
Co-signers allowed: Yes
How to pre-qualify: Check your status on Mariner Finance’s website.
Customer satisfaction: Mariner Finance has an A+ BBB rating and an average user rating of 3.7/5 on WalletHub.
Mariner Finance loan requirements: Applicants must be 18+ years old and a U.S. citizen, permanent resident, or immigration-visa holder with an SSN. Applicants also need to live in one of the 24 states Mariner Finance services and provide a government-issued photo ID as well as proof of income.
Mariner Finance personal loans will only benefit people with bad credit. And even prospective borrowers with poor credit will probably be better off applying with one of the major lenders that operate nationally. Below, you can see how WalletHub rates Mariner Finance in our three key categories: Terms, Requirements & Application, and Reviews & Transparency.
Mariner Finance Ratings by Category:
Category
Editor’s Rating
Terms
3.8/5
Requirements & Application
4.3/5
Reviews & Transparency
2.3/5
Overall Score
10.4/15
These scores reflect how close a loan offer is to WalletHub’s definition of a 5-star loan. For more information, please read WalletHub’s full methodology.
Product: Mariner Finance Personal Loans
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kevin reed @kevinreed568
too many lies from this company
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hairbiz7862 @hairbiz7862
I cannot believe how rude Tamils,Kim and several of the other staff. They are so sarcastic and degrading it’s unbelievable. I would get a loan from them again if I was homeless. What a nightmare. I think this has to be the most unprofessional company I have had the misfortune of dealing with. What a group of rude people.
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Mariner Finance
Diane Redd @Dianeredd30
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2 Star Rating
I have gotten 2 loans with them no problems was treated very nice. I paid both off before time. Third time I wanted a loan the associates were very rude, and denied my loan stating I had bad credit. This is the branch in Oaklawn, Chicago Illinois. Very nasty attitude. I think they changed mangers and staff. Dont ever have to worry about me ever again
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Product: Mariner Finance Personal Loans
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Mariner Finance
Lonnie Roberts @Rusty_Spurrs
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5 Star Rating
Verified Customer
It's a high interest rate loan. I knew that when I got it. I will definitely pay off sooner to be able to save some money on the loan.
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Product: Mariner Finance Personal Loans
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Mariner Finance
Sil v @silviejon
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1 Star Rating
Horrible customer service. I have a loan with them currently and they constantly market to me about taking another loan. I decided to consolidate debt and accept their offer and I received a congratulations note that they need to talk with me first to finalize. I wasn't sure which office to deal with since my former loan was with california but I had recently moved to the Phoenix area and back after a year. They use on online tool to "schedule a call" - after using this tool 4 or 5 times not any office returned my call at the "scheduled" time. Why would you have such a tool if it means absolutely nothing and how do you flake on an existing client over and over. I complained to the corporate office and they acted like it was no big deal oh someone will call you - or try again. Why the heck should I constantly be trying to reach these people. STOP MARKETING TO ME if you can't deal with the business. Zero customer service skills. It's been nearly a month and no return call but I'm sure they would be calling like crazy if you missed a payment. Teach your Ontario and Avondale office some customer service and follow through skills.
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Product: Mariner Finance Personal Loans
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Mariner Finance
Nedra @wrightnedra95
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4 Star Rating
Verified Customer
Easy to work with when you're SSI check doesn't come in by payment time. Is recommend this company to anyone. The girls in the Greenville, Tx. Office are remarkable.
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Product: Mariner Finance Personal Loans
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Mariner Finance
cstephencarr123 @cstephencarr123
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5 Star Rating
We can get a loan anywhere. What I am really shopping for then is service. The associates at the Bedford, IN Mariner location, exceeded our expectations without reserve. Ashley and Randy exemplify honesty, integrity, empathy, and professionalism.
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Product: Mariner Finance Personal Loans
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Mariner Finance
walpmichael @walpmichael
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1 Star Rating
Verified Customer
I have a loan with this company, and they keep sending a letter saying I'm approved for additional funds. So I enter the code they sent me then it says to call my local branch. One, they never answer the phone, two they lie and never return your phone call. When I am done with this loan I will never use them again. If you need a loan there are better choices to choose from!
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Product: Mariner Finance Personal Loans
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Mariner Finance
Jennifer @whidah2000
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2 Star Rating
Verified Customer
I asked to have my due date changed to 5 days later due to pension check comes in the first of the month. They refused. Terrible customer service!
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Product: Mariner Finance Personal Loans
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Mariner Finance
Rita @ritawhite1946
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5 Star Rating
Verified Customer
Mariner is a great company to do business with. They are ready to hep if you , when you need their assistance. Doing business with Mariner has been a great experience.
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Product: Mariner Finance Personal Loans
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Mariner Finance
Sushil Sharma @countryboymike
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5 Star Rating
Verified Customer
Needed money fast for a family emergency and they came through fast with professional service. I will always keep Mariners Financial in mind the next time I need help. I do recommend this place.
Mariner Finance's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a Mariner Finance personal loan.
Mariner Finance Requirements for Borrowers
Credit Score: Not disclosed but know to accept bad credit
Income: Not disclosed
Age: 18+
Citizenship:U.S. citizen, permanent resident or immigration visa holder
Identification: Social Security number
Bank Account: Verifiable bank account
Residency:One of the 22 states Mariner Finance services
Before you apply for any personal loan, it's a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it's never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub's free pre-qualification tool.
Your Mariner Finance approval odds are good if you have a low debt-to-income ratio and meet Mariner Finance's requirements to get a loan. Some requirements include being at least 18 years old, having enough income to make monthly payments and having at least bad credit. If you meet all the requirements, your approval odds are high, but approval is never guaranteed.
What You Need for Good Mariner Finance Approval Odds
Credit Score Requirement: Not disclosed, but does consider bad credit
Age: 18+
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: All states except Iowa and U.S. territories
Citizenship: U.S. citizen, permanent resident or immigration visa holder
Income: Not disclosed
Before applying for any personal loan, it's a good idea to check to see if you pre-qualify in order to estimate your approval odds. You can use WalletHub's free pre-qualification tool to check with multiple lenders at once.
Mariner Finance uses Mariner Finance, LLC to fund personal loans. The company offers loans of $1,000 - $25,000 with APRs of 18.99% - 35.99%, depending on an applicant's creditworthiness, and gives borrowers 12 - 60 months to repay their loans. You can qualify for a personal loan with the Mariner Finance even if you have bad credit.
Key Things to Know About Mariner Finance Personal Loans
Loan Amounts: $1,000 - $25,000
APRs: 18.99% - 35.99%
Repayment Periods: 12 - 60 months
Credit Score Requirement: Not disclosed but they are known to accept people with bad credit
Yes, Mariner Finance personal loans are legit because Mariner Finance is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why Mariner Finance personal loans are legit is that the lender has a rating of A+ from the Better Business Bureau.
Why Mariner Finance Personal Loans Are Legit
Mariner Finance is registered as a business in the states it services.
Mariner Finance has a Better Business Bureau rating of A+.
Mariner Finance has been around since 2002.
Mariner Finance has an average user rating of 3.9/5 on WalletHub.
Mariner Finance personal loans have a rating of 3.7/5 from WalletHub's editors.
Mariner Finance has a secure website, which you can tell by the fact that the URL has "https" in front of it.
While Mariner Finance personal loans are legit, they may or not be the best choice for you. It's important to compare the terms and requirements of Mariner Finance personal loans against your other options before submitting an application
The monthly payment on a Mariner Finance personal loan will be somewhere around $26 to $2,500, depending on how much you borrow, how long you borrow it for and the APR. Mariner Finance offers loans of $1,000 to $25,000 for 12 to 60 months. The company's APR range is 18.99% - 35.99%.
