Getting a loan might be pretty difficult when you don’t have a perfect credit history. Merrick Bank features a personal loan that accepts credit scores as low as 580.

Also, the application process is pretty fast and simple, unlike other traditional loans in which you spend a lot of time waiting for approval and funding.

Plus, it charges reasonable rates considering the benefits you get from this loan.

Keep reading to learn all you need to know before applying for it! 

Let’s get started with the application process. It is made to fit your needs perfectly. So, it requires your income, employment history, financial history, and recent credit behavior. 

By sending this information to the Merrick Bank, it will reply to you with a loan built for you. 

And you don’t need a perfect credit history to apply for it. If you have a fair credit score, you might be able to get the funds you want.

Also, you can get amounts starting at $2,500 to up to $12,500. And you can pay off from 3 to 36 months.

Furthermore, it doesn’t charge you with an early payoff penalty.

However, there is an origination fee and some other fees that apply. So, consider checking all terms and conditions before applying for it.  

The main benefit is the fact that it doesn’t require a perfect credit score for the application. Most of the banks recommend at least a good credit history to loan money. But Merrick Bank accepts applicants with low 580-credit punctuation.

Furthermore, the application process is really fast. So, you apply within minutes and receive your funds as soon as one day after getting approved.

On the other hand, it charges a quite high APR, origination, and late fees. So, before applying for it, pay attention to those fees in the terms and conditions. 

If you need funds quickly and don’t have enough credit score to apply for a loan from other banks, the Merrick personal loan might be an alternative for you.

Everyone with a Social Security Number or tax identification number, a U.S. federal, state, or local government-issued ID, an income, a bank account, and over 18 years old can apply for this loan.

You don’t need a perfect credit history to apply for it. It accepts credit scores as low as 580.

If you need funds quickly for a personal reason and don’t have a perfect credit score, then learn how to get your Merrick Bank personal loan now!