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Home Equity & Auto Rates

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Rates as of Feb. 28, 2014


HOME EQUITY LINE RATES
LTV APR*
up to 70% 4.00% - 4.25%
70.01% - 85% 4.25% - 4.50%

HOME EQUITY LOAN RATES
LTV APR*
up to 70% 4.75% - 5.00%
70.01% - 85% 5.00% - 5.25%

 
AUTO LOANS
APR
As low as 3.08%**

To utilize or learn more about these home equity or auto loan options, or for rates on CD Secured Loans or Unsecured Loans, call or visit a representative today!
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*For home equity loans and lines of credit: Rates based on payments made with auto-debit from an Old Second checking or savings account. Without auto-debit, add 0.25% to APR. Applies to owner occupied 1-4 family primary residences. Subject to credit approval. Property, title, and flood insurance, if applicable, are required. Consult a tax advisor about tax deductibility. Terms and conditions subject to change without notice. For Home Equity Lines of Credit: offer open to new account or refinance from another institution.  Annual Percentage Rate (APR) is subject to change and may vary.  APR is based on the highest prime rate as published in the Wall Street Journal.  Line amounts are available from $10,000 - $250,000.  Prime Rate on 10/1/13 was 3.25%   Margins may be adjusted based on lien position, loan-to-value (LTV), and FICO score.  For example: APR for 70% or less LTV second mortgage, 700+ FICO score, is Prime + .75%; current rate is 4.00% APR.  APR for 70% or less LTV second mortgage, 655 – 699 FICO score, is Prime Rate +1.00%; current rate is 4.25% APR. APR for 70.01 – 85% LTV second mortgage, 700+ FICO score, is Prime + 1.00%; current rate is 4.25% APR.  APR for 70.01 - 85% LTV second mortgage, 655 – 699 FICO score, is Prime Rate +1.25%; current rate is 4.50% APR. Maximum APR is 18%.  The minimum APR (floor) that can apply is the same as the initial rate when the line is opened.  A $50 annual fee is waived the first year.  A $500 early cancellation fee is applied to any account closed within 36 months of opening date.  A $75 conversion fee will apply for locking a portion of the equity line.  Making only the minimum payment will not reduce the principal balance and will result in a balloon payment of the entire outstanding principal balance due at maturity. 

**APR based on example of 48 month loan for purchase of new vehicle (2013-2014) with loan amount of $15,000 and loan payment of $332.56 per month. APR for borrower may vary and is based on credit qualifications, loan amount, repayment term, and model year. Subject to credit approval. Rates and terms subject to change without notice.