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 1/1/2012 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.
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.
