![]() Compared to other lenders designed for borrowers with bad credit, this range is similar. Your APR will range from 18.99% 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. ![]()
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