Merrick Bank Personal Loan application: how to apply now!
Looking to apply for Merrick Bank’s personal loan? We have prepared this step-by-step guide to help you get yours.
by Danilo Pereira
Application for Merrick Bank Personal Loan: Get approved within a day with no hard inquiry
After doing your due diligence and looking up all the possible loans you can get, you have opted for the Merrick Bank Personal Loan application. Now it’s time to log on to the bank’s website and fill in the application form to get that loan.
Applying for this loan is a very simple online process which should take about 15 minutes to complete. Just keep reading and we’ll take you there.
On the first page of the application, you must fill in the amount you wish to borrow as well as the purpose of your loan. The website will give you options for such purposes, like debt consolidation, wedding expenses, auto repair, debt consolidation, medical and dental expenses, vacation, relocation, major purchase or other.
Once you are done filling up this information, the website will take you to their secured application form where you should enter your personal information, including home address, phone numbers, date of birth, Social Security Number, income and housing information. Don’t forget to check the boxes to confirm you have read and agree with Merrick’s terms.
After clicking “Show My Offer” you will either be able to see a personal loan offer, or an offer denial. If you receive the offer and agree with it, you may proceed to take the loan. To do that you must provide your bank account information and a few more documents to allow Merrick to verify your identity. At this stage the bank will perform a hard inquiry to close the terms of the offer.
After e-signing the loan documents you will receive the amount you have asked for (minus the 5% origination fee) in the form of a deposit to your bank account. This might take about 24 hours to occur.
You will be redirected to another website
Merrick Bank Personal Loan vs. Prosper Loans: which is the best for you?
If you would like to see how the Merrick Bank Personal Loan compares to other players in the market, we have prepared the table below to help you put things into perspective.
|APR||Merrick Bank Personal Loan||Prosper Loans|
|LOAN PURPOSE||Not specified||Not specified|
|LOAN AMOUNTS||$2,500 – $12,500||$2,000 – $40,000|
|TERMS||3 years||3 to 5 years|
|ORIGINATION FEE||5%||1% to 10%|
|LATE FEE||N/A||5% or $15, whichever is greater|
|EARLY PAYOFF PENALTY||N/A||N/A|
How to Apply for Prosper Loans
A quick and easy-to-follow guide for you to get your credit fast and easy.
About the author / Danilo Pereira
What is a hybrid line of credit: a 101 guide to hybrid financing!
Curious about what a hybrid line of credit is? Here's your comprehensive guide to everything you need to know about this form of financing.Keep Reading
Applying for the Neo Financial card: learn how!
If you need a new credit card, get this opportunity to apply for a Neo Financial credit card. It will give you many benefits and rewards.Keep Reading
Applying for the Total Visa® Card: learn how!
The Total Visa® Card is very beneficial for anyone who needs to rebuild credit. Want to find out how to apply? Check it out here.Keep Reading
You may also like
Applying for the Revvi credit card: learn how!
If you have a low credit score, the Revvi card is the perfect way to start improving it. See how to apply now and get a decision in seconds!Keep Reading
MaxCarLoan: how to apply now!
Learn how to apply for MaxCarLoan! Get the perfect financial solution to buy a car. Borrow up to $35K and avoid hidden fees.Keep Reading
Capital One SavorOne Cash Rewards credit card review
Capital One SavorOne Cash Rewards credit card has a $0 annual fee and up to 8% cash back. With so many benefits, it will surely enjoy it.Keep Reading