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Mariner Finance personal loans review

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Borrowers don't need good credit to qualify — but watch out for high rates.’s rating: 3 / 5.0


  • Best for borrowers with less-than-perfect credit who’ve struggled to qualify with other lenders.
  • Pick something else if you have good credit — you can find more competitive rates elsewhere.


Max. Loan Amount

As low as 24.99%



Product NameMariner Finance Personal Loan
Min. Loan Amount$1,000
Max. Loan Amount$25,000
APRAs low as 24.99%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term5 years
Turnaround TimeUp to 1 business days

Expert review

Shannon Terrell

Review by

Shannon Terrell is a writer for who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.

Expert review

Mariner Finance may be a good option if you have less-than-perfect credit and have struggled to qualify for a personal loan elsewhere. It doesn’t have any hard-and-fast credit requirements. And you may be able to get your funds the next business day.

But APRs start high at 24.99%. And its loans max out at $25,000. You also need to visit your local branch to submit your application in person if you’re looking to borrow more than $7,000. Plus, you’ll need to live in one of the 24 states it lends in to be eligible.

Not sold on Mariner Finance? Compare your other options below.

WATCH: our short take

First, am I eligible?

To be eligible for a personal loan with Mariner Finance, you must meet the following criteria:

  • US citizen or permanent resident
  • Age 18 or older
  • Valid bank account
  • Established credit history
  • Live in a state serviced by Mariner Finance

What states is Mariner Finance available in?

Mariner Finance has over 450 locations in 24 states.

  • Alabama
  • California
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Maryland
  • Missouri
  • Mississippi
  • North Carolina
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin


  • Quick turnaround
  • Poor credit accepted
  • No prepayment fees
  • Available in 24 states


  • High starting APR of As low as 24.99%
  • No fee transparency
  • In-person application needed for loans of $7,000 or more

Does Mariner Finance own Pioneer Credit?

Yes. As of November 2018, all Pioneer Credit branches have officially switched to Mariner Finance. Your loan terms will still be the same, but Mariner Finance will have taken over your loan. If you’re not comfortable with this change, you may want to consider refinancing your personal loan with a new lender.

Compare other personal loan providers

Updated February 27th, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
LendingClub Personal Loan
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
Monevo Personal Loans
3.49% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
Even Financial Personal Loans
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
NetCredit Personal Loans
36% to 38% (Varies by state)
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
Upgrade Personal Loans
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
SoFi Personal Loans
5.99% to 20.91%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

What do customers say about Mariner Finance?

BBB accreditedNo
BBB ratingA+
BBB customer reviews1 out of 5 stars, based on 26 customer reviews
Customer reviews verified as of20 December 2019

Positive reviews are limited, and there are almost 250 complaints filed against it. Borrowers state that Mariner uses predatory methods to persuade borrowers into accepting additional funding and warn of deceptive preapproval offers by mail. Multiple customers complain that the company does not send statements, bills or late notices — which makes it easy to get behind on payments if you aren’t careful.

How do I apply?

Filling out an application with Mariner Finance should only take a few minutes.
  1. Visit Mariner Finance’s website and click Apply Now.
  2. Select the loan amount you’re interested in and click Continue.
  3. Enter information about yourself, including your Social Security number and income.
  4. Create an account by entering a password and reviewing Mariner Finance’s Terms of Service.

What information do I need to apply?

Before you start your application online, you should gather the following documents:

  • Government-issued photo ID
  • Social Security card
  • Proof of residence
  • Proof of income
  • Most recent tax return — if self-employed

Step-by-step application with screenshots

What happens after I apply?

Mariner Finance will assess your information and let you know if you prequalify for a loan. Then you may need to visit your nearest Mariner Finance branch to provide your loan officer with the necessary documentation.

How do repayments work with Mariner Finance?

Log into your online account. From here, you can make payments, set up automatic withdrawals, update your information and review the terms of your loan. Keep up with your payments and be aware of late fees. Loan fees with Mariner Finance vary by state, so review your loan agreement to familiarize yourself with potential penalties and fees.

Mariner Finance reports payments to TransUnion and Equifax.

Compare Mariner Finance to the competition with our guide to personal loans.

Frequently asked questions

Short-term loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze short-term loan providers and similar services to help you weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to five stars. Our ratings are based on factors that are most important to you, which include: loan amount, application process, fees, customer reviews and borrower experience.

Read the full methodology of how we rate short-term loan providers and similar services.

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