Merrick Bank Personal Loans
Personal Loan from Merrick Bank - see full info about rates, terms, credit score.
Check your personal loan rates
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Options
- Loan purpose:Personal Loan
- Bank:
- Credit Level:Fair (580-669)
- When funds are available:1 business day.
Fees
- Origination fee5%
Pros & Cons
- Fast application and approval
- Origination fee
- High APR
Rates
Requirements
- What you need to get approved (Qualifications)FICO® score 580 or higher.
- Ages
To be eligible, you must be at least 18 years old, have a U.S. federal, state or local government-issued ID, have a social security number or tax identification number, have an income, and have a verifiable bank account in your name.
- Requirements Description
- Provide personal information (address, phone number, and social security number)
- Provide valid identification documentation (driver’s license, state ID card, military ID, or US passport), and a copy of your bank statements
- Proof of income
Check loans from other lenders
- 8.99 - 29.99 %APR
- 2 - 5 yearsLoan Term
- $5,000 - $40,000Loan Amount
- 8.3 - 36 %APR
- 3 - 5 yearsLoan Term
- $1,000 - $40,000Loan Amount
- 7.99 - 23.43 %APR
- 2 - 7 yearsLoan Term
- $5,000 - $100,000Loan Amount
Description
Merrick Bank offers personal loans from $2,500 to $12,500. There is also a 5% origination fee.
Receive your funds as soon as the next business day after approval.
How to apply for Merrick Bank personal loan?
At the time of writing, there is no known way for new clients to apply for a personal loan.
How to setup automatic payments?
If you have an existing online account, automatic payments through ACH can be enabled in the Account Center. Choose ACH autopay as your preferred payment method. This is useful to make sure you don’t miss your loan payments, which can negatively affect your credit score.
Automatic payments can be disabled at any moment via the account center, or by calling customer support at 1-833-842-7900. You can also cancel a scheduled automatic payment on a one-off basis.
How do I change my preferred payment method?
This can be done through the Account Center. Choose either automatic ACH payment or manually mailing a check. Note that you can in fact still pay in any supported way you choose (ACH, paper check, or phone). Make sure to cancel the scheduled ACH auto-payment if that is set as your preferred method. Your choice of preferred method has no effect otherwise.