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

Published on 12/26/2021

Applying for Merrick Bank personal loan

Find out how the application process works! Source: Indeed Merrick Bank.
Find out how the application process works! Source: Indeed Merrick Bank.

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!


Personal Loan

Merrick Bank

Mobile app Online

Simple and fast application process. Accepts applicants with a fair credit score.

You will be redirected to another website


Apply online

See how to apply online to get a Merrick Bank personal loan. Source: Pexels.
See how to apply online to get a Merrick Bank personal loan. Source: Pexels.

Access the Merrick Bank website at 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.

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 
APRFrom 27.99% to 35.99%From 7.95% to 35.99%
Loan PurposePersonalPersonal
Loan AmountsFrom $2,500 to up to $12,500From $2,000 to $40,000
Credit NeededAt least fair credit scoreAt least fair credit score
TermsFrom 3 to 36 monthsFrom 3 to 5 years
Origination Fee5%From 2.4% to 5%
Late FeeYes (see terms)5% or $15, whichever is greater
Early Payoff PenaltyNoneNone

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!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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