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Updated on Wednesday, July 3, 2019
Up to 35.99%
No minimum credit score
12 to 60
on LendingTree’s secure website
Fees and penalties
In addition to accepting cosigners, Mariner Finance accepts applicants who have filed for bankruptcy, subject to certain underwriting requirements. Mariner reports to the three credit bureaus: Experian, TransUnion and Equifax.
Mariner Finance has created an educational online personal finance course, MoneySKILL, alongside the American Financial Services Association (AFSA). While you don’t need to hold a loan with Mariner Finance to take part, the free educational resource features a curriculum that covers everything from budgeting to borrowing to identity theft.
- Minimum credit score: Not specified
- Minimum credit history: Not specified
- Maximum debt-to-income ratio: Not specified
To take out a personal loan with Mariner Finance you need to live in one of the 22 states it operates in: Alabama, Delaware, Florida, Georgia, Indiana, Illinois, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Wisconsin.
Depending on the loan amount you’re requesting, you may need to visit a physical branch to complete the loan. Mariner Finance requires loan applicants to verify their identity, residence and income before funding loans. If you’re self-employed, you can still take out a personal loan, but you’ll need to provide bank statements and your most recent tax return to prove income.
Applying for a personal loan from Mariner Finance
The application process is relatively simple and painless. To begin, visit either Mariner Finance or one of its subsidiaries’ websites. On the top right of the page, you can click the “Check My Offers” button, where you’ll be taken to a page that specifies how large a loan you’d like to take out. Once you’ve specified the loan amount, click “Continue.” If you have any offer code, which Mariner Finance sends out to pre-qualified customers, you’ll click the “I have an offer code” link.
On the next page, you’ll need to provide Mariner Finance with your personal information. You’ll be asked to provide:
- Date of birth
- Phone number
- Citizenship status (U.S. citizen, permanent resident, foreign resident)
- Social Security number
- Personal pretaxed annual income
- Household income (pretax)
- Employment status
- Employer phone number
- How long you’ve worked for your employer
- Whether you rent, own your home and/or have a mortgage
- Monthly rent or mortgage payment
- The loan purpose
Once you fill out the info, create login credentials and sign the disclosures and privacy box, your application will be submitted. You should hear from Mariner Finance within the same business day about the status of your application. When you hear back, if you decide to move forward with the offer, you’ll have to submit certain documents to verify the information you provided in your application. These include:
- A valid driver’s license or passport
- Your Social Security card
- Proof of residence
- Proof of income
- A recent tax return or bank statement if you’re self-employed
You may need to go into a physical branch to submit these documents.
Once information is verified, Mariner Finance will conduct a hard pull on your credit before the funding the loan. If approved, your funds will be deposited either into the bank account provided during the application process if applied for online, or via check if your loan was closed at a physical branch. Loans that are completed online typically take two business days before funds are deposited into your account. For loans closed at a physical branch, you’ll receive funds after Mariner Finance has completed the loan document process.
Who’s the best fit for a Mariner Finance personal loan?
A personal loan from Mariner Finance may be a good fit for you if your credit score is below average and you live in one of the 22 states where Mariner Finance issues loans. And if you value in-person customer service when dealing with financial matters, you may like that Mariner Finance has more than 450 branches. If you live outside of the states listed, you can still shop around to find the lowest rates.
Mariner Finance consumer reviews
Mariner Finance has an A+ rating with the Better Business Bureau. It has 4.8 out of 5 stars on LendingTree (Disclaimer: MagnifyMoney is owned by LendingTree), with 97% of customers recommending it in their review. The company scored 5 out of 5 stars in responsiveness and customer service while scoring 4 out of 5 stars in both interest rates as well as fees and closing costs.
“I was really impressed with how easy the entire process was. The staff was exceptionally friendly on the phone and in person,” wrote Teresa of Raleigh, N.C.. Most additional customer reviews talk about how helpful the staff are and how respectful the company is of you no matter what your financial situation is. Reviewers say the staff are patient and willing to answer all questions as they work to find a financial solution for you.
Mariner Finance FAQ
Mariner Finance offers a wide variety of loans including personal loans, mortgages and auto loans. Under these broad categories are many variations such as reverse mortgages and home refinancing or auto refinancing.
Mariner Finance aims to give you a response within the same business day when you apply for a loan.
Since you will be required to show proof of income you will most likely not be able to secure the loan without having a job.
You can spend your personal loan funds on legal expenses of your choosing.This could be for vacations, debt consolidation or home improvement.
Since Mariner Finance reports to the three major credit agencies, Experian. Equifax and Transunion, if you stop making payments on your loan this could impact your credit. If you can’t pay your bill, get in touch with Mariner Finance as soon as possible to discuss options that might work for you.
If you don’t qualify for a loan from Mariner Financial, start by asking your loan officer why you were rejected. Then, you can work to improve your eligibility and try again in the future.
Since Mariner Financial reports to the three main credit reporting agencies, positive payments will reflect well on your credit score and you could see your numbers improve over several months.
Alternative personal loan options
Marcus by Goldman Sachs®
36 to 72
No origination fee
Marcus by Goldman Sachs® offers personal loans for up to $40,000 for debt consolidation and credit consolidation. ... Read More
Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions.
Marcus by Goldman Sachs® advertises absolutely no fees on personal loans. It funds personal loans up to $40,000, with terms ranging from 36 to 72 months and APRs ranging from 6.99%–19.99%. Personal loans are available to anyone older than 18 who has a U.S. bank account and a Social Security number or taxpayer identification number, with a few exceptions: the minimum age is 19 in Alabama and Nebraska, 21 in Mississippi and Puerto Rico.
Minimum Credit Score
24 to 84
No origination fee
SoFi offers some of the best rates and terms on the market. ... Read More
Fixed rates from 5.99% APR to 18.53% APR (with AutoPay). SoFi rate ranges are current as of September 18, 2020 and are subject to change without notice. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
SoFi offers personal loans ranging from $5,000–$100,000 and terms between 24 to 84 months. Its personal loans have no fees and come with unemployment protection, which can help defer payments in case you lose your job while paying off your loan. Anyone who lives within the U.S. and in a state where SoFi is authorized to lend is eligible for a personal loan from Sofi.
24 to 144*
No origination fee
LightStream is the online lending division of SunTrust Bank.... Read More
*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay may be higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
Payment example: Monthly payments for a $10,000 loan at 4.99% APR with a term of 3 years would result in 36 monthly payments of $299.66.
The SunTrust Bank-owned lender LightStream offers personal loans ranging from $5,000–$100,000, with loan terms anywhere from 24 to 144 months (2-12 years). Its personal loans come with no fees or prepayment penalties; however there is a hard pull on your credit.