Old Second

 

Loans

You have goals. START banking toward them. Whether your goal is to buy a new vehicle or help finance an addition to your home, put your credit standing to a good use with a loan from Old Second.

Loan Options

  • The Fixed Rate Home Equity Loan

    For the larger expenses like a home renovation, you have the option of literally “putting it on the house” with an Old Second Fixed Rate Home Equity Loan. This particular option provides greater certainty in the form of: a fixed rate; a fixed borrowed amount; and a regular monthly interest and principal payment.

    • Predictable, fixed monthly principal and interest payment for the life of the loan
    • No increased interest rate risk since the loan rate is locked in
    • No application fees
    • No hidden closing costs
    • Automatic payment options available through O2 Online Banking (when you have a checking or a savings account)

  • The Variable Rate Home Equity Line of Credit

    Take credit for—and from—what you own. With our lines of credit, you can treat your home like your own personal bank. Determine how much you want to borrow, when you borrow it and how you want to pay it back. You are in control.

    • Once a line of credit is established, it provides you with easy access to your home equity
    • This is a reusable source of credit—you may pay it down, and then borrow against it again
    • Only interest payments are required each month; you may repay principal at your discretion within the terms of the line of credit
    • Automatic payment options available through O2 Online Banking (when you have a checking or a savings account)

  • Auto Loans

    When it’s time for a new car—or simply one that is new to you—Old Second can put you in the driver’s seat with a speedy approval process and the efficient handling of payment services.

    • Quick, in-branch loan approvals
    • Take advantage of automatic payment options and put an end to postage expenses, late fees or lost mail
    • FREE O2 Online Banking Services

  • Personal Loans

    Whether you need help with debt consolidation, financing educational expenses or unexpected repair bills, Old Second has financing arrangements structured to fit your needs.

    • Quick, in-branch loan approvals
    • Take advantage of automatic payment options and put an end to postage expenses, late fees or lost mail
    • FREE O2 Online Banking Services