Attention: Online and Mobile Banking will be unavailable Saturday, August 26 11:00 PM until Sunday, August 27, approximately 6:00 AM.
 
Attention: Online and Mobile Banking will be unavailable Saturday, August 26 11:00 PM until Sunday, August 27, approximately 6:00 AM.
 

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