Attention: In honor of those who serve and protect our community, we are introducing the new Hero Checking account packed with benefits. It's our way of saying thank you. Click here to learn more.
 
Attention: In honor of those who serve and protect our community, we are introducing the new Hero Checking account packed with benefits. It's our way of saying thank you. Click here to 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.

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Consumer Installment Loan Rates - Automobile
Type
APR
Term
Monthly Payment Per $1,000
New
3.99%
48 months
$22.57
New
3.99%
60 months
$18.41
Used 2015 - 2016
4.49%
36 months
$29.74
Used 2015 - 2016
4.99%
48 months
$23.02
Used 2013 - 2014
5.49%
36 months
$30.19
Used 2011 - 2012
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 6-5-2017

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