Home equity and auto rates

At Old Second Bank, we offer competitive rates on all our loans.


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Home Equity & Auto Rates
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LTV
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APR
Home Equity Line Rates up to 70% 4.25% - 5.25%*
  70.01% - 85% 4.50% - 5.50%*
  80.01% - 90% (720+ FICO) 5.00%*
Home Equity Loan Rates up to 70% 5.00% - 5.25%*
  70.01% - 80% 5.25% - 5.50%*
  70.01% - 90% (720+ FICO) 5.25%*
Auto Loans -- As low as 2.99%**

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!

*For home equity loans and lines of credit: 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 - $500,000 depending on FICO score and credit qualification. Prime Rate on 3/16/16 was 3.50% 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, 720+ FICO score, is Prime + .75%; current rate is 4.25%APR. 680 – 719 FICO score is Prime + 1.00%; current rate is 4.50% APR. 655-679 FICO score, is Prime Rate +1.75%; current rate is 5.25% APR. APR for 70.01 – 80% LTV second mortgage, 720+ FICO score, is Prime + 1.00%; current rate is 4.50% APR. 680 – 719 FICO score, is Prime Rate +1.25%; current rate is 4.75% APR. 655 – 679 FICO score is Prime + 2.0%; current rate is 5.50% APR.APR for 80.01 – 90% LTV second mortgage, 720+ FICO score, is Prime + 1.5%; current rate is 5.00% APR. APR for 80.01 – 85% LTV second mortgage, 680 – 719 FICO score, is Prime Rate +1.75%; current rate is 5.25% APR. Maximum APR is 18%. The minimum APR (floor) that can apply is the same as the initial rate when the line is opened, excluding any Introductory specials. A $50 annual fee is waived the first year. An early cancellation fee is applied to any account closed within 36 months of opening date as follows: $200 for $10,000 - $24,999 lines of credit; $500 for $25,000+ lines of credit. 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.

**Based on example of 48 month loan for purchase of new vehicle (2015-2016) with loan amount of $15,000 and loan payment of $331.92 per month and $100 loan origination fee. 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.

View our other account rates: Checking Rates, Savings, CD Rates, Mortgage Rates

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