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1

50 W. Lancaster Ave., Ardmore, PA 19003 610-896-6435

ATM Safety Deposit Boxes Coin Machine  Bank Branch

2

5000 Pennell Road, Aston, PA 19014 610-364-7800

ATM Safety Deposit Boxes  Bank Branch

3

135 East City Ave., Bala Cynwyd, PA 19004 610-664-6293

ATM Safety Deposit Boxes  Bank Branch

4

1436 Lancaster Avenue, Berwyn, PA 19312 610-581-4774

Wealth Office

5

1436 Lancaster Avenue, Berwyn, PA 19312 610-527-1881

Insurance Office

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Find Locations 610-525-1700
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BMT COVID-19 Personal Relief Loan

To assist BMT personal clients, we have developed the BMT COVID-19 Personal Relief Loan, an unsecured loan, which is now available to existing BMT deposit or loan customers.

Benefits:

  • Apply online
  • Expedited underwriting
  • Easy close via appointment
  • Access to liquidity with no collateral required

Features

Term Up to a 60-month installment loan. Terms available from one (1) to five (5) years.
Loan Amount Minimum loan is $2,500, up to a maximum loan of $25,000
Collateral None required. This is an unsecured term loan.
Rate 5.99% APR*, which is below typical unsecured loans and traditional credit card rates.
Auto Deduct Debit of monthly payment is required from a BMT checking account.*

How to Qualify

Credit Score A minimum credit score of 680 is required.
Debt-to-Income A maximum of 43% debt-to-income is required.
Offer Available Current BMT Customer (deposit or loan).
COVID-19 documentation disruption is required This is evidenced by employer pronouncement or Government Action/Notification which could be Local, County, State, Federal.
Income Verification Pay voucher within 60 days of pronouncement.

BMT COVID-19 Personal Relief Loan is available to existing BMT deposit or loan customers. 5.99% Annual Percentage Rate (APR) applies to an unsecured term loan with a term up to 60 months.  Minimum loan is $2,500 and maximum loan amount is $25,000. Automatic payment is required from a Bryn Mawr Trust (BMT) Checking account. 7.74% APR applies to loans closed without automatic payment from a BMT Checking Account.  Sample monthly payment for a unsecured COVID-19 Relief Loan with a balance of $5,000 at 5.99% APR over five (5) years is $96.64. Current 5.99% APR is a discounted rate for existing customers. Evidence of employment is required including a disruption of employment as pronounced by employer or government action (Federal, State, County or Local).  Existing customer is defined as having a deposit or loan in good standing with BMT as of 3/13/20. Income verification is based from a pay-advice voucher which must have been issued within 60 days of the pronouncement. There is no application, origination or prepayment fee.  Late fees and returned payment fees may be charged when applicable. Loans subject to credit approval.  Offer may be withdrawn at any time.  Additional terms and conditions may apply.