Take Advantage of Rising Rates We are offering a new 15 month CD with a 1.75% APY, 1.73% Interest Rate as of October 1, 2018. Click here to take advantage of this offer today!
Take Advantage of Rising Rates We are offering a new 15 month CD with a 1.75% APY, 1.73% Interest Rate as of October 1, 2018. Click here to take advantage of this offer today!

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.

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Consumer Installment Loan Rates - Automobile
Type
APR
Term
Monthly Payment Per $1,000
New
4.49%
48 months
$22.80
New
4.49%
60 months
$18.64
Used 2016 - 2017
4.99%
36 months
$29.97
Used 2016 - 2017
4.99%
48 months
$23.02
Used 2014 - 2015
5.99%
36 months
$30.42
Used 2012 - 2013
7.99%
24 months
$45.22
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 3-26-2018

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