IMPORTANT COVID 19 UPDATES BRANCH INFORMATION:  All Merchants Bank offices are now OPEN with mask and social distancing guidelines in place.  Click here for details. 
The Paycheck Protection Program Application is now open. Apply Here

The Paycheck Protection Program Forgiveness Portal is now open. Click Here
Online Banking conversion of Merchants Bank with Fidelity Bank  begins on July 10th. Learn more



 
IMPORTANT COVID 19 UPDATES BRANCH INFORMATION:  All Merchants Bank offices are now OPEN with mask and social distancing guidelines in place.  Click here for details. 
The Paycheck Protection Program Application is now open. Apply Here

The Paycheck Protection Program Forgiveness Portal is now open. Click Here
Online Banking conversion of Merchants Bank with Fidelity Bank  begins on July 10th. Learn more



 

Personal Loans

Strapped for cash? A personal loan from Merchants Bank may be the solution you need to make an important purchase, buy a car, or pay an unexpected expense. Whatever your needs may be, Merchants Bank can assist you. We offer local decisions and quick turnarounds. And, when you have a question we’re here to help you.

Apply Online Today  Have Questions? Ask Us
Consumer Installment Loan Rates - Automobile
Type
APR
Term
Monthly Payment Per $1,000
New
4.25%
48 months
$22.69
New
4.25%
60 months
$18.53
Used 2018 - 2019
4.49%
36 months
$29.74
Used 2018 - 2019
4.49%
48 months
$22.80
Used 2016 - 2017
5.49%
36 months
$30.19
Used 2014 - 2015
7.49%
24 months
$45.00
Personal loans may be secured with a Merchants Bank Certificate of Deposit, Money Market or Savings account.
Consumer Installment Loan Rates - Personal
Type
APR
Term
Monthly Payment Per $1,000
Unsecured*
11.00%
24 months
$46.61
Personal loans may be secured with a Merchants Bank Certificate of Deposit, Money Market or Savings account.
*Based on loan amount of $5000.

Loan Rates Effective 3-26-2019

All Rates and APRs are subject to final credit approval.

For more information on applying for a loan, please contact us or

Apply Online Today

Have Questions? Ask Us