What is the difference between
an unsecured loan and a secured loan?
You may qualify for a lower rate and/or a higher loan amount if you are approved for a secured loan, including an auto-secured loan, versus an unsecured loan. See below for more information or reach out to your local branch if you have questions.
Secured loans
A secured loan means you are pledging something of value as collateral to your loan to ensure that the loan will be repaid according to the loan’s terms and conditions. Assets such as cars can be used as collateral, and, in some instances, the lender can place a lien on the asset, which will remain in place until the loan has been paid in full, including interest and all applicable fees.
It’s important to remember that if you are unable to repay a secured loan, the lender may be able to sell the pledged collateral to pay off all or part of the loan.
Unsecured loans
Unsecured loans are loans that do not require the borrower to pledge any collateral. If you have been turned down for an unsecured loan, you may still be able to obtain a secured loan if you have an asset that can be used as collateral.
Types of personal loans†
A personal loan can meet a variety of needs, including medical emergencies, home improvement projects, vacations, weddings and debt consolidation. Mariner Finance may have a solution that fits your needs.
Why choose
Mariner Finance?
We recognize that people are short on time, so we try to respond with answers quickly. We also realize everyone has their own experiences and circumstances, so we take the time to get to know the person behind every personal loan, and we try to provide resources that help borrowers make more informed decisions. Simple, but true.
How has Mariner come through for you?
Personal loans for when life happens†
Got questions? Get answers.
What is the minimum amount I can borrow? How long does an application take? Is there a prepayment penalty?
Ready to speak to a person—in person?
You have your own unique goals to meet, and it all starts with a short conversation with one of our team members. You can reach us directly at 877-310-2373
What is a personal loan?
Great question. Personal loans are installment loans with fixed interest rates and fixed monthly payment amounts over a scheduled period of time that may help you deal with an unexpected expense, see a new part of the world, or simply help you achieve your personal financial goals. Personal loans cannot be used for postsecondary education expenses, for any business or commercial purpose, to purchase securities, or for gambling or illegal purposes.