Personal Lending
Whether you’re planning a special occasion, consolidating debt, or financing a major purchase, we offer a range of personal lending solutions to help you reach your goals. Our personalized approach ensures you receive the best loan options tailored to your unique financial situation.
Your Trusted Advisor in Personal Financing.
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 PRODUCTS
Find the loan that’s right for you.
Whatever plans you have in mind, a personal loan from Midwest BankCentre may be the answer to your short-term borrowing needs. Browse our loan offerings or talk with one of our trusted advisors to find the right fit for you.
Unsecured Loan & Credit Options
In addition to our secured loan options, the following options can help with short term financing needs without the need for collateral.
Unsecured Personal Loan
You can use a personal loan for any purchase or project. This one-time funding can help cover vacations, home renovations, medical bills or consolidating debts. Loan amounts range from $500-$25,000.
Overdraft Line of Protection
An Overdraft Line of Credit helps you manage your expenses while also safeguarding you from fees in the event your Midwest BankCentre account balance drops below zero.
Personal Loan Rates and Terms
Type | Rate^ | APR* | Payment | |
|---|---|---|---|---|
Unsecured Personal Loan | 9.990% | 12.663%1 | $30.03 | APPLY NOW |
7.50% | 7.509%2 | $46.66 | APPLY NOW | |
8.250% | 8.268%3 | $31.45 | APPLY NOW | |
Secured Personal Loan | 7.50% | 7.536%4 | $51.10 | APPLY NOW |
Rates are effective as of 05/08/2025 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.
Why choose a personal loan?
Pay Off High-Interest Debt
Lower your monthly payments and save on interest by paying off high-interest debt with a personal loan at a more favorable rate.
Major Purchases
Finance significant expenses, such as home improvements or buying a vehicle, with a personal loan that offers manageable repayment terms.
Debt Consolidation
Combine multiple debts into a single, more manageable loan with a lower interest rate to simplify your finances and reduce stress.
Unexpected Medical Expenses
Cover unforeseen medical costs quickly and efficiently, ensuring you get the care you need without financial strain.
Special Occasions
Fund important life events like weddings, vacations, or milestone celebrations, allowing you to enjoy these moments without worrying about immediate financial pressure.
Requirements for securing a personal loan.
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.
Other considerations when applying for a personal loan.
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.
Do you need to pay your bill right away? We’ve made it easy!
Midwest BankCentre offers several ways to make a loan payment. Choose the option that works best for you.
Pay from your Midwest BankCentre Account
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.
Online Payment Center
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 Nearest Midwest BankCentre Branch or Mail the Payment
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. $7.95 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.
We’re here to help every step of the way.
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.