Mariner Finance is one of the consumer finance companies that offer personal loans in the various states. The company is recognized for its flexible loan services and prime customer service. The company offers its customers financial services through loan services. This article details important features, types of loans, and opinions of the customers relating to Mariner Finance.
Types of Loans
Mariner Finance offers personal loans that are personal to different sorts of financial circumstances.
- Loan Amounts: One can borrow $1,000 to $25,000 depending on the state in which he or she resides12.
- Types of Loans: Mariner Finance offers not only secured but also unsecured loans. Secured loans are secured or tied to collateral, which can result in having lower interest rates while unsecured loans are not24.
APR: 18.99% – 35.99% Others allegedly said APR was 36%137.
Applying
Mariner Finance has made an application process easy and available:
- Quick application: It only takes less than five minutes to complete online. Inquiring about loans does not hurt credit scores45.
- Joint Applications: Mariner Finance considers joint applications from a few people with some good credit score. That sometimes benefits individuals with not-so-great credit scores to get a more positive rate13.
Repayment Period
The repayment terms are quite significant for all borrowers:
- Flexibility in Repayment: The loan terms range between 12 to 60 months; you can select an appropriate one based on your pocket23.
- No Prepayment Penalty: Repay the loan any time without penalty and thereby save interests paid24.
Customer Views
Customers’ reviews about Mariner Finance vary at different corners:
Excellent Reviews: Several customers appreciate the company for easy provision and availability of loan as well as ready access to funds. Satisfaction guarantee also encourages lenders to return the money received if customers are not satisfied within 15 days56.
Negative Experiences: Some have complained that they are attacked with aggressive collection practices as well as debt servicing. Among the complaints include being forced to refinance the loans at even higher interest rates, and a lack of clarity regarding certain fees and what is required for certain kinds of insurance67.
Conclusion
Mariner Finance offers several personal loan options that can be tailored to suit diverse financial needs. Still, although very accommodating and reachable in the sense of when the funding will actually come through, potential borrowers should consider the terms and rates of interest attached to these loans. The advantages and challenges will help provide further insight in the decision-making process toward the future.