Marner Finance personal loans are for bad credit borrowers, when traditional lending options are not available. But these loans come with high rates and fees, so not as attractive as other personal loans in the market.

Pros and Cons

Pros

1. Pre-Qualify With A Soft Credit Check. Mariner Finance lets you pre-qualify for a loan with a soft credit check, so it won’t affect your credit score.

2. Multiple Loan Options. Borrowers can choose from various loan types offered by Mariner Finance, including secured, joint and co-signed loans. These options can increase approval chances and get better terms.

3. Mobile App For Loan Management. Mariner Finance has a mobile app where you can manage your loan easily. Through the app, you can check your loan status, make payments and access your account anytime.

Cons

1. Higher Interest Rates. One of the downsides is Mariner Finance loans have higher interest rates than other lenders for bad credit borrowers. This means more expensive loan overall.

2. Limited Availability. Mariner Finance is not available in all states, so limited access. If you live in a state where Mariner Finance doesn’t operate, you’ll need to find another lender.

3. Extra Fees. Borrowers may be charged origination fee and one-time payment fee which will add to the cost of the loan. These fees will make Mariner Finance loans more expensive than other options.

How to Apply for Mariner Finance Loan?

1. Choose Your Application Method. You can apply online or in-store whichever is more convenient for you.

2. Fill Out The Application Form. Fill out the application form and provide all required personal and financial information.

3. Prepare The Documents. Make sure you have the following documents ready government-Issued ID, proof of income and bank account information.

4. Submit Application. After filling out the application and all required documents, submit your application.

5. Wait For Approval. The review process is fast and you will be notified soon.

Conditions and Requirements

Conditions

1. Range. Mariner Finance APR 15.49% to 35.99%.

2. Origination Fee. Mariner Finance charges origination fee for the loan.

3. Late Fee. Borrowers may be charged late fee if payments are not made on time.

4. Nonsufficient Funds Fee. Fee for payments that fail due to insufficient funds.

5. One-Time Online And Phone Payment Fees. Extra fee for online and phone payment.

6. State Variations. Fees may vary by state.

7. In-Person Applications. Loan amounts for in-person applications $1,000 to $25,000.

8. Online Applications. Loan amounts for online applications $1,500 to $15,000.

9. Term Length. Mariner Finance loan term 1 to 5 years.

Requirements

1. Age. You must be 18 or 19 years old to apply for a loan.

2. Online Applicants. 580 minimum credit score for online applicants.

3. In-Person Applicants. No minimum credit score for in-person applicants.

4. Residency. You must be a resident of the state where you are applying for the loan.

5. Government-Issued ID. Valid ID such as driver’s license or passport to verify your identity.

6. Proof Of Income. Pay stubs or bank statements to prove your income.

7. Active Checking Account. You must have an active checking account where the loan funds can be deposited and from which payments can be withdrawn.

How to Choose a Lender

1. Check Licensing. Make sure the lender is licensed in your state. Verify this with your state regulator or attorney general. This is crucial to avoid illegal lenders and protect your consumer rights.

2. Membership In Reputable Associations. Look for lenders that are members of reputable associations like Community Financial Services Association of America. Membership in these organizations means they are reliable and follow industry standards.

3. Read Terms And Conditions. Read all the terms and conditions of the loan contract. Read the fine print to understand the lender’s policies, fees and your obligations as a borrower.

4. Review Interest Rates And Total Loan Cost. Review the interest rates on the loan and make sure your contract has a detailed breakdown of the total cost of the loan. This will help you understand the full financial impact of borrowing and compare offers from different lenders.

5. Understand Your Right Of Rescission. Take advantage of your right of rescission which is usually 3 days after signing the agreement. Or use the “cooling-off” period to review the contract thoroughly and make an informed decision before committing to the loan.

Mariner Finance. Apply Online