Loan to Value % |
Customer Rate |
Minimum Amount |
Maximum Amount |
| 85% or less | Prime |
$10,000.00 | $99,999.99 |
| 85% or less | Prime – ½ | $100,000.00 | $199,999.99 |
| 85% or less | Prime – 1 | $200,000.00 | ---- |
Village Bank & Trust’s rate is the Prime rate of interest, as printed in the Wall Street Journal on the day the application is received. The term of the line is 5 years. The rate assumes automatic payment from a Village Bank & Trust Checking Account or Savings Account. Maximum loan to value 85%. Property Insurance is required. Check with your tax advisor about deductibility of interest.
Other Loans (Construction, Overdraft Protection, Auto, Debt Consolidation) are available. Please contact Jane Drezen at (847) 385-7034 for more details.