Loans (US)
How to apply for the Merrick Bank personal loan?
If you need a loan quickly for a personal reason, a Merrick Bank personal loan might be a good alternative for you. Check out how to apply for it!
by Aline Augusto
Applying for Merrick Bank personal loan
Merrick Bank features a personal loan that is built to fit your needs. Plus, it doesn’t require a perfect credit history for the application process.
So, you don’t have to worry about your score because it accepts as low as a 580 punctuation.
Also, it is pretty simple and secure to apply for it, as you can see right below.
Furthermore, you can get up to $12,500 with fair rates and terms, according to your profile, as soon as the next day from the approval.
Learn more about it!
Apply online
Access the Merrick Bank website at https://merrickbank.com/ and select the Products tab. Then, select Personal Loans.
After that, click on Check my offer.
So, fill in the forms with some personal and financial information, as follows:
- Your income;
- Your employment and financial history;
- Plus, your recent credit movement.
Finally, get an offer according to your profile and needs.
Note that it requires a Social Security Number or tax identification number, a U.S. federal, state, or local government-issued ID, an income, a bank account, too.
You will be redirected to another website
Apply using the app
After getting the fast approval, download the Merrick Bank mobile app to check your loan information and manage it.
Merrick Bank personal loan vs. Prosper personal loan
Even though both of those loans allow you to apply for them with a fair credit score, you should pay attention to three major points:
- Rates and fees;
- The amount available to loan;
- Terms.
Then, check out the comparison chart right below to make a wise decision!
Merrick Bank | Prosper | |
APR | From 27.99% to 35.99% | From 7.95% to 35.99% |
Loan Purpose | Personal | Personal |
Loan Amounts | From $2,500 to up to $12,500 | From $2,000 to $40,000 |
Credit Needed | At least fair credit score | At least fair credit score |
Terms | From 3 to 36 months | From 3 to 5 years |
Origination Fee | 5% | From 2.4% to 5% |
Late Fee | Yes (see terms) | 5% or $15, whichever is greater |
Early Payoff Penalty | None | None |
How to apply for Prosper Personal Loans?
The Prosper Personal Loans make it possible for you to improve your home or pay off medical expenses. See how to apply for it!
Aline Augusto
Aline Barbosa
Senior Editor
Trending Topics
How to apply for the Seniors Farmers’ Market Nutrition Program?
Are you a low-income senior needing help with food? Read our post to learn how to apply for the Seniors Farmers' Market Nutrition Program!
Keep ReadingHow to apply for the Aeroplan® Credit Card?
If you like traveling, you should learn how to apply for the Aeroplan® Credit Card to get the best travel perks for your needs!
Keep ReadingExodus crypto wallet full review
This Exodus crypto wallet review post will show you how this wallet works, including its features, rates, and particularities. Check it out!
Keep ReadingYou may also like
Discover it® Balance Transfer Credit Card application: how does it work?
Learn how to easily apply for the Discover it® Balance Transfer Credit Card today! Get 0% intro APR and other additional benefits! Keep reading!
Keep Reading8 easy steps to help you retire early and finally reach financial independence
If you've ever dreamed of retiring early and reaching financial independence, you're not alone. Check this article and learn how to take the time to plan for it and make some smart choices with your money. We'll outline some simple steps that anyone can take to make the financial freedom dream a reality.
Keep ReadingBest credit cards in the US for a traveling lifestyle
Traveling is cool, but traveling using rewards points and paying nothing (or close to that) for the trip is even better. These cards are going to help you do just that.
Keep Reading