You can see your rates with Mariner Finance without damaging your credit score. Both secured and cosigned loans may qualify you for better rates and larger loan amounts, as they help mitigate risk for the lender. Adding a cosigner to your loan makes the cosigner legally responsible to pay off the loan if you're unable. You're required to put up collateral for secured loans, which aren't offered by many personal loan lenders. Mariner Finance Personal Loan Pros and Cons Mariner Finance Personal Loan Pros Mariner Finance offers repayment term lengths from 12 to 60 months. For instance, you'll get rates between 18.00% to 35.99% with OneMain Financial, and between 9.95% to 35.99% with Avant.īorrowers can use personal loans for a variety of purposes, including home improvement projects, medical bills, and even vacations (though be careful before you jump to do so). Compared to other lenders designed for borrowers with bad credit, this range is similar. Your APR will range from 15.49% to 35.99%. All of Mariner Finance's loans have fixed interest rates, meaning your rate will stay the same over the life of your loan. The difference between the two is that you need to put up collateral for a secured loan, while you don't need to for an unsecured loan. The lender offers both secured and unsecured personal loans. You'll be able to get a loan amount between $1,500 and $15,000 online, but loans outside that range will require you to visit a branch in person. Mariner Finance has personal loans that range from $1,000 to $25,000. If you don't live in one of the states Mariner Finance serves, you won't be able to get a loan with the company at all. On the other hand, you can get much better rates with another lender if your credit is in decent shape. You might qualify for a better rate and larger loan amount if you pledge collateral to get your loan. The lender also offers secured loans, which isn't very common for personal loan lenders. Mariner Finance is best for borrowers with poor credit who may not be eligible for a loan elsewhere. See Insider's picks for the best personal loans > Who Is Mariner Finance Best For? However, if you want a low rate or need a larger amount of money, you're better off looking elsewhere. The bottom line: Mariner Finance is an accessible lender for borrowers with poor credit, as the company considers applicants with all types of credit backgrounds. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.

Mariner finance interest rates