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4.2 13 reviews

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

Created Date

1996-04-23

Mailing Address

Minnesota, United States

Company Name

Merchants Financial Group

Merchants Financial Group

Contact Data

Feedback about Merchants Bank?

Here you see the feedback of our clients.

The staff are professionals and friendly.

Genevieve Murphy

I went to deposit a check and get money back.

Miss Taryn Tillman Jr.

Customer service is excellent at this bank!

Ms. Gwen Spinka

Pay Attention

Further there will be shown the details about not a certain lending company. The information below will define general information about payday loans and its specific elements.

Payday Loans in Red Wing, Minnesota

Payday loan is issued for a short period: 2-3 weeks. The offered loan amounts are $100-$1,000.

Hassle-free financial products are considered as payday loans in Red Wing, mn. They are issued at individually-set interest rates. They are dependent on customer's data. It is also significant to pay off as much payday loans as possible.

APR

200%*

Max Loan

$350

Min Term

Not Specified

Max Term

30 days

How will Merchants Bank help take out a payday loan in Red Wing, Minnesota?

  • 24/7 operation. Such online services allow you to get funds at any time. Funds are taken out around the clock. The payday loan will be sent to a card, so a personal visit to the department is not necessary.
  • No paperwork. The list of required documents is minimal. In most cases, an ID is needed. You do not need to send a certificate of income.
  • Online application. The application is filled out and considered much faster than in banks. Money is credited within 24 hours after receiving approval.
  • High approval level. When it relates to small amounts, a positive decision comes up 98%.
  • Availability. Banks offer more stringent requirements on their customers. Age restrictions and bad credit will become barriers to taking out a loan. Lenders are more loyal to customers. The presence of minor delays and a low score does not guarantee denial.

What data to fill in in the application? - General Info

To submit an application, every client should fill out the following data:

Loan Amount, Loan Purpose, Email Address
First Name, Last Name, Date Of Birth, Primary Phone Number, Driver's License Number, Your SSN
Zip Code, Street Address
How often do you get paid?, Next Paydate, Type of Account, How do you get paid?
Your Income Source, Are you in the military?, Your Employer Name, Your Monthly Net Income, Your Employer Phone Number
If you have $10,000+ in unsecured debt and would like one of our partners to contact you?, What`s your approximate credit rating?
Select your Bank, Select your Bank’s State, ABA/Routing Number, Account Number

After filling out an application, submit it and recieve the decision.

Why people issue payday loans?

70%

Utility Bills

80%

Healthcare Bills

60%

Traveling

20%

Car Repair

30%

Clothes

What data to fill in in the application? - General Info

Bad credit history if one of causes to refuse the loan. Lenders do not consider this factor the only one to take out a loan in Red Wing, Minnesota. They rate many other factors before issuing a payday loan. One of them is financial capabilities. This is a way to enhance your credit rating.

The following general points will be estimated before applying for a loan:

  • be at least 18 years old;
  • be a U.S. citizen;
  • be employed and have a reliable source of income;
  • have a checking account;
  • have a valid email address and phone number.

Rate Your Credit Score

Low Rate

300

Lower than Average

579

  • No way to issue a loan
  • No ability to rent a room
Average Rate

670

High Rate

739

  • 80% of loan approval
  • Apply for all loan types
Great Score

740

Perfect Score

799

  • 95% of loan approval
  • Apply for all loans incl. mortgage

Rate your APR

The APR will specify the cost of the payday loan. It takes seconds to see the result.

APR Calculator

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