Tis' the Season of Giving It's the Season of Giving and Receiving. Each time you complete a qualifying transaction in Online Banking, you'll  be entered for a chance to win $5,000. Learn more here.
Tis' the Season of Giving It's the Season of Giving and Receiving. Each time you complete a qualifying transaction in Online Banking, you'll  be entered for a chance to win $5,000. Learn more here.

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
4.25%
48 months
$22.69
New
4.25%
60 months
$18.53
Used 2017 - 2018
4.49%
36 months
$29.74
Used 2017 - 2018
4.49%
48 months
$22.80
Used 2015 - 2016
5.49%
36 months
$30.19
Used 2013 - 2014
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