Merchants Bank Payday Loans Review - Red Wing, Minnesota

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4.2 13 reviews

Organization owner?

2835 S Service Dr, Red Wing, MN 55066, USA

+1 (651) 385-7621

www.merchantsbank.com

Wednesday

8:30AM–5PM

Thursday

8:30AM–5PM

Friday

8:30AM–5PM

Saturday

Closed

Sunday

Closed

Monday

8:30AM–5PM

Tuesday

8:30AM–5PM

Domain Info

What people think about Merchants Bank?

Below you find some of the testimonials of our clients.

Note

Important

Below you can see general information about payday loans and their common aspects.

Payday Loans in Red Wing, Minnesota

A payday loan is a short-term, small loan ($100 - $1,000) that you repay once you get your next paycheck, typically two to four weeks.

Payday loans may seem like an easy and fast solution to a short-term problem in Red Wing, Minnesota. Loans from payday lenders can get you cash within a few hours. Your interest rate will depend on a few factors.

APR

200%*

Max Loan

$350

Min Term

Not Specified

Max Term

30 days

Advantages of Merchants Bank that offers payday loans in Red Wing, Minnesota

24/7 service. This means you can apply and get money at any time. Funds are deposited into your bank account immediately, so you do not need to visit to the lender’s office.
No paperwork. You will only be asked to have basic documents. In most cases, you will only need an ID. Paystubs are not required.
Online application. Your request will be considered much faster than in other financial institution. Funds are transferred to your account within several hours.
High approval chances. 94% of borrowers are approved.
Any credit welcomed. Banks reject applicants with poor credit. But payday lenders are ready to help people with any credit score.

Fill in an application

Information needed to complete a loan application

You will be required to provide the following information:

Your loan:

Loan Amount, Loan Purpose, Email Address

About You:

First Name, Last Name, Date Of Birth, Primary Phone Number, Driver's License Number, Your SSN

Your Address:

Zip Code, Street Address

Your Income:

How often do you get paid?, Next Paydate, Type of Account, How do you get paid?

Your Employment:

Your Income Source, Are you in the military?, Your Employer Name, Your Monthly Net Income, Your Employer Phone Number

Your Credit:

If you have $10,000+ in unsecured debt and would like one of our partners to contact you?, What`s your approximate credit rating?

Finally:

Select your Bank, Select your Bank’s State, ABA/Routing Number, Account Number

Then submit your online application to get an offer from one of payday lenders.

Common reasons

Why people take out cash advances?

Car expenses

Treatment

Vacation

Clothes

Home improvement

Debt Consolidation

Get Started

Bad Credit Approved

Payday loans for bad credit

Having a low credit score automatically disqualifies applicants from getting a bank loan. Payday loans give consumers with a poor credit score an increased opportunity to get approved for short-term loans. A payday loan may be the only option available for some people to help them cover urgent expenses. If you take out such a loan, it is critical that you always borrow within your needs and pay back your loan commitments in good time.

To get accepted for a payday loan, you must comply with the following requirements:

be 18 years old or older;
be a U.S. citizen or permanent resident;
be employed and have a steady income;
have a valid checking account in your name;
have an email address and phone number.

~ Credit score ~

Rate Your Credit Score

Low

300 – 579 points

No ability to get a loan
No ability to rent a room

Average

670 – 739 points

80% of loan approval
Apply for all loan types

Perfect

740 – 799 points

95% of loan approval
Apply for all loans including mortgage

Rate your APR

APR Calculator

Loan Amount $: *

Loan Term (Days): *

APR value %: *

Origination Fee $: *

$1000 Your loan

+ $38 Your fee

= $1,038 Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

Find out the annual percentage rate right now. Use this online calculator to specify the exact cost of your loan. It only takes 30 seconds to become informative even before applying.

Let's see