Installment Loan Rates
Home Equity Line of Credit Rates - Variable*
Loan to Value % |
Customer Rate |
Minimum Amount |
Maximum Amount |
| 80% or less | Prime + 3/4 | $10,000.00 | $99,999.99 |
| 80% or less | Prime + 1/4 | $100,000.00 | $499,999.99 |
| 75% or less | Prime | $500,000.00 | $999,999.99 |
An early termination fee of $350.00 will be applied to loans closed within the first 36 months of inception. Annual Fee of $50.00.
(*To qualify for these rates you must have an automatic debit. The rates above are preferred rates, 0.25% lower than our standard variable rates.)
Rates without automatic debit: $500,000-$999,999: Prime + 0.25%; $100,000 - $499,999: Prime + 0.50%; $10,000 to $99,999: Prime + 1.00%. Certian loan to value requirements apply. For Village Bank & Trust variable rate Home Equity Line, the Annual Percentage Rate (APR) is a variable rate based on the highest Prime Rate (Prime Rate as of 4/8/2010 is 3.25%) reported in the Money Rates section of the Wall Street Journal (the "WSJ Prime"). The maximum APR for al credits is 18.00%. The minimum APR is 4.50%. Consult your tax advisor about the deductibility of interest. Property Insurance is required. Offer applies to lines secured by owner-occupied, one-to-four family residences located in the state of Illinois and approval is subject to the bank's underwriting parameters. Offer applies to new Home Equity Line customers only.
Home Equity Loan Rates – Fixed
Village Bank & Trust offers competitive 5 to 10 year fixed Home Equity Loans. Please call for details.
Other Loans (Construction, Overdraft Protection, Auto, Debt Consolidation) are available. Please contact Jane Drezen at (847) 385-7034 for more details.
