Loan Rates
Rates Accurate as of: August 24, 2010
Home Equity Line of Credit* |
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| Term | From | To | Interest Rate¹ | APR |
| Seven (7) years | $5,000 | $49,999 | Prime plus 1.00% | 4.25%* |
| $50,000 | $99,999 | Prime plus .75% | 4.00%* | |
| $100,000+ | Prime plus .50% | 3.99%* | ||
*The maximum APR for all credits is 20%. The minimum APR is 3.99%. The Annual Percentage Rate (APR) is a variable rate based on the highest Prime Rate in the Money Rates section of the Wall Street Journal (the "WSJ Prime"). ¹Above rates reflect a monthly payment automatically debited from your Old Plank Trail Community Bank checking account. Without an auto-debit, add 0.50% to the rates above.
Consult your tax advisor about the deductibility of interest. Purchase of property insurance is required. Offer applies to line secured by owner-occupied, one to four family residences located in the state of Illinois. Applicants must meet underwriting guidelines. Loan to value up to 80%.
Wall Street Journal Prime Rate
3.25% effective December 16, 2008
Other Loans
Auto, Boat, RV, Construction, Overdraft Protection
Please click here to download an application, or call us at 708-478-4447 for information and rates on these products.
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