Yusra3
VIP Contributor
Avant and Mariner Finance are two popular online lenders to consider if you need a personal loan. However, there are some key differences between them in terms of rates, fees, and eligibility requirements.
Avant tends to be more affordable overall for qualified borrowers. Their APRs range from 9.95% to 35.99%, while Mariner Finance charges higher rates between 24% and 36%. Avant also has a more flexible credit score requirement of 600+ compared to Mariner's 640+ minimum.
On the other hand, Mariner offers slightly larger loan amounts up to $25,000 versus Avant's $35,000 max. Mariner has over 500 branch locations for in-person service as well.
Both lenders charge origination fees - 1.85% to 4.75% for Avant and up to 8.99% for Mariner Finance. Repayment terms are similar at 24-60 months.
Depending on your credit profile, loan needs, and whether you want online convenience or in-person access, one of these two lenders may be a better fit for your personal loan. Be sure to compare rates and total costs from each.
Avant tends to be more affordable overall for qualified borrowers. Their APRs range from 9.95% to 35.99%, while Mariner Finance charges higher rates between 24% and 36%. Avant also has a more flexible credit score requirement of 600+ compared to Mariner's 640+ minimum.
On the other hand, Mariner offers slightly larger loan amounts up to $25,000 versus Avant's $35,000 max. Mariner has over 500 branch locations for in-person service as well.
Both lenders charge origination fees - 1.85% to 4.75% for Avant and up to 8.99% for Mariner Finance. Repayment terms are similar at 24-60 months.
Depending on your credit profile, loan needs, and whether you want online convenience or in-person access, one of these two lenders may be a better fit for your personal loan. Be sure to compare rates and total costs from each.
