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 fees does Mariner Finance Personal Loans charge?

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.