Mariner Finance Review

Rating: 4 / 5.0

Good for: Fast Cash, Easy Approval, Personal Loans, Car Loans, Small to Medium Loans

Mariner Finance Overview

Mariner Finance has been providing personal loan services for going on 15 years. At Mariner, you’re more than just a number. They’ve build their business by having a personal touch with every one of their customers and making customer service the primary cornerstone of their business. This has led to an extraordinary amount of success that has helped them expand to 450 locations across 22 states with plans to expand further.

Mariner also offers more than just personal loans. They provide home and car loans as well as small business loans to help you get your own business off the ground. You can even partner with Mariner if you own a business whose customers would benefit from being approved for a loan by signing up to be an affiliate. No matter why you need a loan, Mariner Finance can help you get the money you need.

Services Provided

Mariner Finance offers unsecured personal loans, car loans, and home loans to residents in one of the 22 states they’re licensed to operate in. Each loan is structured to be as simple and relaxed as possible.

Unsecured Personal Loans
Personal loans, also known as signature loans, only require your signature to qualify. This is because they’re an unsecured loan which does not require putting up property as collateral or a traditional credit check. While part of the approval process may require a look into your finances, it’s only to make sure that you are capable of repaying the loan. Your credit score and history are not major factors for approval, but if you have bad credit or poor history, you’ll still be approved thought it will come with some caveats.

Car Loans
Looking for a car is stressful enough that you don’t need to add financing a loan through a dealership into the mix. Financing a car loan through a dealership also usually leads to higher interest rates than ones you could get going through a bank or private lender. Mariner can help finance your new or used vehicle purchase so you can focus on getting the right car at the right price. Mariner’s car loans help you go where you want.

Home Loans
Home mortgages are quite literally one of the longest and most expensive loans you can get so doing your due diligence can save you (possibly) tens of thousands of dollars. You owe it to yourself to shop around for the best mortgage you can find and Mariner should be on your list. Mariner offers home loans with very competitive interest rates as well as FHA & VA home loans. If you already have a home loan, there are refinancing options as well so you can get a lower interest rate.

Third Party Financing
If you’re a contractor or retail merchant, you can partner up with Mariner Finance to offer affordable financing options to your clients as well. This way, you don’t have to operate on the honor system or spend a ton of time trying to get your clients to pay for services rendered. You can outsource all of your financing options to Mariner so you can focus on doing what you do best.

Mariner Finance Loan Details and Statistics

Loan Amount$1,000 - $25,000
Loan Duration12 - 60 months
Collateral Needed?No
Interest Rates24 - 36%
Minimum Credit Score600
Approval Time~1 business day
Loan Deposit Time~1 business day
Late FeesVaries by State
Insufficient Funds FeesVaries by State

Mariner Finance Loan Process

Mariner’s loan application process is simple and straightforward. You can apply on their site via their online application form (here) or you can go to one of their local branches (here). After you apply, you’ll receive an approval decision within one business day and if you’re approved, you’ll have the money deposited directly into your account within one additional business day. Be sure to keep the information below handy during the application process so you can get approved as quickly as possible.

Loan Application Requirements

  • Government Issued ID
  • Social Security Card
  • Proof of Residence
  • Proof of Income (Most recent pay stubs)
  • Active Checking Account 

Mariner Finance Loan Details

  • Loan Amount: $1,000 - $25,000
  • Loan Duration: 12 - 60 months
  • Collateral Needed: No
  • Interest Rates: 24% - 36%
  • Minimum Credit Score: 600
  • Approval Time: ~1 Business Day
  • Loan Deposit Time: ~1 Business Day
  • Late Fees: Yes
  • Insufficient Funds Fees: Yes

Mariner Finance Review

When it comes to getting a loan, it’s best to find the right one for your needs. There’s no reason to get a personal loan if you’re looking to buy a car since you’ll be paying a much higher interest rate than if you had a car loan and this is where Mariner shines. They’re more than just a one trick pony and offer numerous loan types so you get the money you need at an appropriate and affordable interest rate. On top of that, Mariner Finance is basically everywhere. They have over 450 branches in 22 states and they’re still growing so if they aren’t near you, they most likely will be soon.

Boiling it down to the nitty gritty numbers, the loans offered by Mariner Finance are very competitive and you aren’t locked into a small dollar value or term length. You can be approved for up to $25,000 for up to 60 months for one of their personal loans. This offers you far more borrowing freedom than you’d be able to get at many other lenders.

One of the drawbacks is that while loans between $1,500 - $7,000 can be funded online, you’ll have to go to one of their branches if you need to borrow outside of that range in order to get it funded. This is an inconvenience to you as the customer, but it makes sense from their end. Especially if you’re looking to get an unsecured loan. Again, while this makes sense for them, it’s an added hassle for you if you need a small, short term loan quickly.

The other drawback is the time it takes to go through the approval and deposit process. While two business days is light years better than it was just a few years ago, Mariner is on the slower end of the spectrum in terms of getting cash fast. Sometimes, you can’t wait that long to get your money, especially if you car broke down or you have another emergency expense that has to be paid immediately.

Is Mariner Finance Good for You?

Mariner Finance is a solid money lender, but they are not without their faults. Their somewhat lengthy approval process and the division between what loans can be funded online and which ones have to be funded in store add inconvenience to what should be a streamlined process. Understandably, these processes are most likely in place to protect themselves as a lender, but we’ve seen “smaller” lenders tackle these problems head on without a problem. That being said, they have a 4.8 out of 5 star rating according to 3,700+ reviews from (here) so there are a ton of satisfied customers. If you’re looking for a personal loan between $1,500 and $7,000 or a home or car loan and don’t mind jumping through an extra hoop or three, Mariner Finance is good option for your next loan.


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