Get rates as low as 7.99% APR* AND UP TO 11.74% APR**
It’s our goal to help you prosper. And if you have home improvement goals but are worried about qualifying for a traditional home improvement loan or HELOC, our attentive bankers may be able to help. For a limited time only, we’re offering
a promotional rate on our New Look Home Improvement Loan. It’s a special loan product designed by First Merchants Bank that can help you take on your home improvement projects. The New Look Home Improvement Loan can help you avoid high interest
rates associated with most credit cards, and provides consistency with scheduled monthly fixed payments, a fixed rate and a fixed term. And if you have limited or no credit history, we work with you to accept alternative credit information such as
twelve consecutive payments of a utility or phone bill.
NEW LOOK PAYMENT EXAMPLES:
LOAN AMOUNT
$15,000.00 | Scenario 1* | Scenario 2** |
Loan Term | 7 year (84 months) | 7 year (84 months) |
Payment Frequency | Monthly | Monthly |
Annual Percentage Rate* | 7.99% | 11.74% |
Cost of Loan | $19,632.35 | $22,067.63 |
Total Payment | 84 | 84 |
Scheduled Payment | $233.72 | $262.71 |