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  Mariner Finance Personal Loans

Mariner Finance Personal Loans

in Personal Loans from Mariner Finance LLC

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Mariner Finance Personal Loans

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in Personal Loans from Mariner Finance LLC

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Highlights
Highlights
Loan Amount $1,000 - $25,000
APR  (Fixed APR) 24% - 36%
Loan Term 12 - 60 months

Mariner Finance Personal Loans Review

Mariner Finance Personal Loans is offered by Mariner Finance LLC, a direct lender founded in 2002 and based in Baltimore, MD. Mariner Finance Personal Loans is available in 22 states across the USA.

Key takeaways

  • Fast access to cash. In some cases you can get your money within 1 business day.
  • Fair credit accepted. The credit score needed for Mariner Finance Personal Loans is relatively low. Borrowers with a credit score as low as 600 may qualify for Mariner Finance Personal Loans.
  • Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
  • Cosigner applications accepted. Applying for Mariner Finance Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
  • Minimum income of $35,000. You will need an annual income of at least $35,000 to apply for Mariner Finance Personal Loans, which is above average for the lenders in our database.

Mariner Finance Personal Loans Pros and Cons:

Pros Cons
  • $0 prepayment fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • APRs as high as 36%.
  • Charges an origination fee of up to 5% of the loan amount.
  • Charges a late fee.

What rates and terms does Mariner Finance Personal Loans offer?

Mariner Finance Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Mariner Finance Personal Loans offer?

Mariner Finance Personal Loans offers a fixed APR personal loan product that ranges from 24% APR up to 36% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via Mariner Finance Personal Loans?

Loan amounts start at $1,000 and go up to $25,000.

What can a personal loan from Mariner Finance Personal Loans be used for?

Personal loans from Mariner Finance Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.

What is the maximum loan term you can get with Mariner Finance Personal Loans?

Mariner Finance Personal Loans offers personal loans with terms ranging from 12 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Mariner Finance Personal Loans Rates & Terms
Loan Amount $1000 - $25000
Loan Term 12 - 60 months
APR 24% - 36%

What fees does Mariner Finance Personal Loans charge?

Does Mariner Finance Personal Loans charge an origination fee?

Mariner Finance Personal Loans may charge a loan origination fee of 2% to 5% of the loan amount. Mariner Finance Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Mariner Finance Personal Loans charge a late fee?

Yes, Mariner Finance Personal Loans may charge borrowers a late payment fee.

Does Mariner Finance Personal Loans charge prepayment fees?

No, Mariner Finance Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Mariner Finance Personal Loans Fees
Origination Fee 2% - 5%
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for Mariner Finance Personal Loans?

Applicants with a credit score of at least 600 and up to 850 are eligible for Mariner Finance Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with Mariner Finance Personal Loans, applicants need a minimum annual income of $35,000 or higher. Mariner Finance Personal Loans only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Mariner Finance Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Mariner Finance Personal Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Mariner Finance Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Cosigners
  • Individual Applications
  • Credit Score 600 - 850

    What is the estimated funding time for a personal loan via Mariner Finance Personal Loans?

    Mariner Finance Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.

    Does Mariner Finance Personal Loans report your account activity to credit bureaus?

    Mariner Finance Personal Loans reports your account activity to the following credit reporting agencies:

    • Equifax
    • Transunion

    Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    • Headquarters
    •   8211 Town Center Drive
      Baltimore, MD 21236 USA
    •   Visit Site

    Hours of Operation

    • Sunday Closed
    • Monday 9:00am - 5:00pm
    • Tuesday 9:00am - 7:00pm
    • Wednesday 9:00am - 5:00pm
    • Thursday 9:00am - 5:00pm
    • Friday 9:00am - 5:30pm
    • Saturday Closed

    Other Services by Mariner Finance LLC

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 22 states
    • Alabama
    • Delaware
    • Florida
    • Georgia
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Mississippi
    • Missouri
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Wisconsin

    Feature Breakdown

    No Prepayment Fee  
    Origination Fee (%) 2% - 5%
    Cosigner Optional  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $35,000
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Score Range 600 - 850
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Equifax
    • TransUnion
    Funding Time Range 1 - 7 days
    Payment Options
    • Automatic Payments
    • Check by mail
    • Storefront
    Pre-Approved Soft Credit Inquiry  
    Loan Amount $1,000 - $25,000
    APR (Fixed APR) 24% - 36%
    Loan Term 12 - 60 months

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