How to apply for First Merchants Personal Loan
Discover how to apply for this nationwide credit union’s loan option immediately if you're in search of a sizable loan with reasonably low interest rates.
First Merchants Bank is offering a personal loan with competitive interest rates, flexible loan terms, and high borrowing limits of up to $25,000. This loan can be used for a variety of purposes, including education expenses, medical bills, and debt consolidation.
However, it’s important to note that there are some eligibility requirements for this loan. To qualify, you must be an American citizen or permanent resident, at least 18 years old, and have a valid Social Security number. Additionally, First Merchants Bank requires a minimum credit score of 680 and a maximum debt-to-income ratio of 40.99.
To apply for this loan, you can complete the application process online, in person, or over the phone. You will need to provide personal and financial information as part of the application. The approval process usually takes one to two business days, but for existing customers with a merchant account, it can be as fast as 24 hours.
If you’re still searching for a personal loan with multi-use funds, you may want to consider First Commonwealth Bank’s loan options. They offer unsecured personal loans ranging from $1,000 to $25,000, which can be used for various purposes such as weddings, vacations, unexpected expenses, or debt consolidation. The interest rates start at 7.74% APR, and borrowers have the flexibility to choose a repayment term ranging from 1 to 5 years.
There are several advantages to choosing First Commonwealth Bank for your personal loan needs. They do not charge application fees, processing fees, or prepayment penalties, which can save borrowers money. Existing customers with a checking account may also be eligible for discounted interest rates. Additionally, First Commonwealth Bank’s loans come with credit insurance to provide payment coverage in the event of unexpected job loss, disability, or other qualifying events.
If you’re interested in applying for First Commonwealth Bank’s personal loans, you can find a step-by-step guide on their website. Simply click on the green button to get started.
