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Since 1906, Midwest BankCentre has been an economic engine for regional growth and shared prosperity.

Our dedicated team of trusted advisors will take the time to get to know your unique financial situation to help turn your dreams into reality.

Personal Loan Rates and Terms

Type

Rate^

APR*

Payment

Unsecured Personal Loan

9.990%

12.663%1

$30.03

APPLY NOW

Emergency Assistance Loan**

7.750%

7.759%2

$46.83

APPLY NOW

Healthcare Assistance Loan

8.250%

8.268%3

$31.45

APPLY NOW

Secured Personal Loan

7.750%

7.786%4

$51.14

APPLY NOW

Rates are effective as of 12/06/2024 and subject to change without notice.

Midwest BankCentre can only accept online applications from current Missouri and Illinois residents.
Contact us at 314-631-5500 or toll-free at 800-894-1350 if you have any questions about availability in your state.

** The emergency assistance loan can be used to cover a variety of expenses related to natural disasters.

*APY is the Annual Percentage Yield.

^Represents the lowest offered rate.
1APR calculations based on $500 Loan Amount with $10 fee(s) for 18 months.
2APR calculations based on $1,500 Loan Amount with $0 fee(s) for 36 months.
3APR calculations based on $1,000 Loan Amount with $0 fee(s) for 36 months.
4APR calculations based on $300 Loan Amount with $0 fee(s) for 6 months.

Lower your monthly payments and save on interest by paying off high-interest debt with a personal loan at a more favorable rate.

Finance significant expenses, such as home improvements or buying a vehicle, with a personal loan that offers manageable repayment terms.

Combine multiple debts into a single, more manageable loan with a lower interest rate to simplify your finances and reduce stress.

Cover unforeseen medical costs quickly and efficiently, ensuring you get the care you need without financial strain.

Fund important life events like weddings, vacations, or milestone celebrations, allowing you to enjoy these moments without worrying about immediate financial pressure.

To secure a personal loan, borrowers typically need to meet certain requirements. Here are the key factors and necessary documentation:

  • Credit Score: Lenders assess creditworthiness primarily through the individual’s credit score. A higher score can lead to better loan options, lower interest rates, and higher approval rates. Those with lower scores may still qualify but might face higher interest rates and stricter criteria.
  • Loan Amount, Repayment Term, and Interest Rate: These are determined based on the borrower’s credit score and financial situation.
  • Necessary Documentation: Proof of income, credit history, and other financial details.
  • Understanding Loan Terms: It’s crucial to review the terms, including any origination fee or prepayment penalties, for informed decision-making when selecting a personal loan.
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When applying for a personal loan, it’s crucial to explore various options that meet your financial needs, whether you have good or bad credit. St. Louis lenders offer unsecured personal loans and secured loans that require collateral for potentially higher amounts.

Pay attention to the minimum loan amount, loan documents, fees, and interest rate structures, whether fixed or variable. Consider direct deposit for efficient fund access and look for loans with lower interest rates to support your financial strategy.

Login to your Online or Mobile Banking account to quickly transfer funds from your checking or savings account to your loan. Create automatic transfers so you won’t have to keep track of due dates, and your payments will always arrive on time. You can also set up payments from other financial institutions. Please allow 3-5 business days to set up these accounts.

Go to the Midwest BankCentre Online Payment Center to make a one-time payment or create an account to set up automatic monthly payments. Payments can be debited from your checking or savings account (ACH) or charged to a debit card at the financial institution of your choice.*

Visit your local branch to make a payment, or mail your loan payment to Midwest BankCentre at 2191 Lemay Ferry Road, St. Louis, MO 63125 and include the loan payment coupon with the check.

*A convenience fee will be charged for online payments using this service. $6.95 for debit card and $2.75 for ACH transactions. Payments returned for insufficient funds, stop payments, or chargebacks will be assessed a Returned Payment Fee of $25. To make a loan payment without processing fees, schedule payments from your Midwest BankCentre online/mobile banking account.

Contact us today to learn more about our personal lending options. Our dedicated team is ready to assist you through every step of the process, ensuring you get the support and guidance you need.