How to apply for First Merchants Personal Loan

Learn how to apply for this personal loan available nationwide and borrows up to $25,000

First Merchants is offering a personal loan with competitive interest rates, flexible loan terms, and high amounts up to $25,000.

And the best of all: You can use this $25,000 loan for whatever reason best suits you, from education to medical expenses to even debt consolidation.

Loan Application

First Merchants Personal Loan

Up to $25,000 No collateral required

Tap on the green button and apply for First Merchants Personal Loan

Apply now!

* You will be directed to an external website

Still, this easy approval and multiple-use personal loan has some trickier eligibility requirements. Get in touch with all of them below.

Requirements for Application

Before applying for a personal loan with First Merchants, ensure you meet the following standard criteria:

  • Be a citizen or permanent resident of the United States.
  • Be at least 18 years old.
  • Hold a valid Social Security number.

First Merchants also requires a minimum credit score of 680 and a maximum debt-to-income ratio of 40.99% from loan applicants.

To fast-forward your application, gather the following personal and financial information:

  • Identification documents (such as driver’s license or passport).
  • Proof of income (pay stubs, tax returns, or bank statements).
  • Details about your employment history.
  • Information on your current debts and expenses.

How do I apply?

Once you have decided on the loan option, you can apply for the loan by completing the loan application process either online, in person, or by phone.

You will need to provide your personal and financial information as part of the application process.

First Merchants usually takes no longer than one or two business days to approve or deny your loan request.

For customers who already have a merchant account, that process can take less than 24 hours.

Once your loan is approved, the funds will be disbursed according to your selected preference. This can be done through direct deposit into your bank account or via a check issued by First Merchants.

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