Personal Banking Loan Rates*
Use the links below to
browse our interest rates and Annual Percentage Rates (APRs).
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Residential Lender for our most current rates and to get your free,
personalized rate quote.
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Effective April 10, 2019 |
Up To and Including 75%
Loan-to-Value |
Amount2 | Interest
Rate | APR3 | |
$10,000 – $24,999 $25,000 and above | Prime+0.25 to Prime+2.25 Prime+0.00 to Prime+2.00 | 5.75 –
7.75 5.50 – 7.50 | Apply Now Apply Now |
75.01% to
80% Loan-to-Value |
$10,000 – $24,999 $25,000 and above | Prime+0.75 to Prime+1.50 Prime+0.50 to Prime+1.25 | 6.25 –
7.00 6.00 – 6.75 | Apply Now Apply Now |
80.01% to
85% Loan-to-Value |
$10,000 – $24,999 $25,000 and above | Prime+1.00 to Prime+1.25 Prime+0.75 to Prime+1.00 | 6.50 – 6.75 6.25 – 6.50 | Apply Now Apply Now |
85.01% to
90% Loan-to-Value |
$10,000 – $24,999 $25,000 and above | Prime +1.25 Prime+1.00 to Prime+1.25 | 6.75 6.50 – 6.75 | Apply Now Apply Now |
Apply online, call 800.241.1749, or visit your nearest branch to apply today. |
1If a credit line is closed within the first 24 months, the fee will be $200 for lines $10,000 – $24,999, $350 for lines $25,000 – $250,000, and $750 for lines greater than $250,000 (does not apple to IA Residents). This account has a draw period of 10 years, after which any outstanding balance will be automatically converted to a 20-year fully-amortized repayment period.
2An annual fee of $50 applies in Illinois and
Indiana. An annual fee of $15 applies in Iowa. Change in terms fee of $100 and
subordination fee of $200 applies to all EquiFlexSM Home Equity
Lines. Minimum lock amount of $5,000. Minimum lock term of 36 months and
maximum lock term equal to remaining term of line. $50 fee to lock and unlock
applies. Owner occupied properties only. Property insurance required. Subject to credit approval.
3For lines
$25,000 and above an introductory rate of 2.99% APR may apply for the first six
months the line is open if certain credit criteria is met and an initial draw of $25,000 or greater is made on the
date your account is established. After six months the APR will be the rates in effect
at that time. See rates above for current rates. No additional discount rate
programs or promotions apply. APR based on your loan-to-value (LTV), your
approved line amount, and credit criteria, and will range from a variable APR
of Prime to Prime+2.25, subject to change with Prime. As of today, the Prime
Rate is 5.50%, which results in an APR of 5.50% to 7.75% on your new EquiFlexSM
Home Equity Line. The "floor" is 4%, and the "ceiling" is
18%. Rates are variable and may increase after consummation.
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Effective April 10, 2019 |
Five Year Term |
Amount | Interest
Rate | APR1 |
$5,000 - $24,999 | 5.75 – 6.49 | 6.58 – 7.32 |
$25,000 - $99,999 | 5.50 – 6.49 | 6.31 – 7.31 |
$100,000 and above | 5.25 – 6.49 | 5.71 – 6.96 |
Ten Year Term |
Amount | Interest
Rate | APR1 |
$5,000 - $24,999 | 6.00 – 7.25 | 6.44 – 7.70 |
$25,000 - $99,999 | 5.75 – 7.25 | 6.18 – 7.69 |
$100,000 and above | 5.50 – 7.25 | 5.74 – 7.50 |
Fifteen Year Term |
Amount | Interest
Rate | APR1 |
$5,000 - $24,999 | 6.25 – 7.07 | 6.56 – 7.39 |
$25,000 - $99,999 | 6.00 – 7.07 | 6.31 – 7.38 |
$100,000 and above | 5.75 – 7.07 | 5.92 – 7.25 |
Apply online, call 800.241.1749, or visit your nearest branch to apply today. |
1Annual Percentage Rate (APR) shown is available as of 8/14/18 to well qualified applicants for a fixed home equity installment loan holding a single-family owner occupied property as collateral in second lien position. APR shown is based on loan amount within the range shown for the stated term. Your APR may vary and will be based on your credit qualification, the loan amount, the repayment term, loan-to-value (LTV), property type, and our lien position. The monthly payment example for a $15,000 home equity installment loan at 6.56% APR with 90% LTV is $131.54 per month for 180 months with no down payment and does not include taxes or insurance premiums. The monthly payment example for a $62,500 home equity installment loan at 6.31% APR with 90% LTV is $539.18 per month for 180 months with no down payment and does not include taxes or insurance premiums. The monthly payment example for a $110,000 home equity installment loan at 5.93% APR with 90% LTV is $925.96 per month for 180 months with no down payment and does not include taxes or insurance premiums. Your actual payment may vary based on amount, term, APR, taxes, insurance, and other factors. Offer is subject to credit approval. Property insurance required on properties secured by this plan. Other rate enhancements do not apply. Offer may change or be withdrawn at any time without notice. Call 800-241-1749 for information on home equity installment loans in other lien positions. All loans are offered through First Midwest Bank.
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Home Improvement Loan Payment Example
Example |
Loan Amount APR1 # Monthly
Payments Principal and Interest | $10,000 6.29% 84 $147.86 |
1Annual Percentage Rate (APR) is fixed and based on $10,000 loan amount and includes $100 Documentation Fee. Subject
to credit approval. We reserve the right to modify or withdraw the offer at
any time.
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Personal Loan Payment Example
Example |
Loan Amount APR1 # Monthly Payments Principal and Interest | $10,000 7.42% 60 $200.57 |
1Annual Percentage Rate (APR) is fixed and based on $10,000 loan amount and includes $100 Documentation Fee. Subject to credit approval. We reserve the right to modify or withdraw the offer at any time.
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Effective April 10, 2019 |
All New Vehicles |
Term
(Months) | Interest Rate | APR1 |
72 60 48 42 36 | 4.84 – 5.79 4.64 – 13.49 4.44 – 13.29 4.24 – 13.29 4.24 – 12.99 | 5.19 – 6.14 5.05 – 13.94 4.95 – 13.83 4.81 – 13.90 4.90 – 13.69 |
Used 2019– 2016 Vehicles2 |
72 60 48 42 36 | 4.89 – 6.44 4.69 –
13.99 4.49 – 13.79 4.24 – 13.59 4.24 – 12.99 | 5.24 – 6.79 5.10 – 14.44 5.00 –
14.33 4.81 – 14.20 4.90 – 13.69 |
Used 2015 – 2012 Vehicles2 |
72 60 48 42 36 | 6.24 5.89 – 6.90 5.39 – 14.79 5.24 –
14.39 5.24 – 13.99 | 6.59 6.30 – 7.32 5.90 – 15.38 5.82 – 15.00 5.91 – 14.69 |
Used 2011 – 2009 Vehicles2 |
60 48 42 36 | 6.74 6.24 – 10.29 5.74 – 14.99 5.74 – 14.79 | 7.16 6.75 – 10.82 6.32 – 15.61 6.41 – 15.50 |
Used 2008 and Older Vehicles2 |
60 48 42 36 | 7.29 6.69 – 6.99 6.04 – 8.64 6.04 – 7.99 | 7.71 7.20 – 7.51 6.62 – 9.23 6.71 – 8.67 |
| Apply online, call 800.241.1749 or visit your nearest branch to apply today. |
1APR is fixed and based on hypothetical loan amount of $10,000 and includes $100 Loan Documentation Fee. Personal Banking clients with one of the following checking
accounts – Club, Club 50, Choice, Direct Pay, Direct Pay Plus or
automatic debits from any First Midwest Checking account – should contact
their First Midwest Banker to discuss rate discount eligibility. Auto
insurance required. Subject to credit approval.
2Mileage cap of 200,000 miles on example of used
vehicle.
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Auto Loan Payment Examples
Examples | New Vehicle1 | Used
Vehicle2 |
Automobile Cost Down Payment Loan Amount 48-month Loan APR Monthly
Payment | $10,000 $2,000 $8,000 5.07% $184.84 | $10,000 $2,000 $8,000 5.12% $185.03 |
1Assumes 20% down payment and 48 equal monthly
payments with a 4.44% interest rate and fixed 5.07% Annual Percentage Rate (APR)
which includes a $100 documentation fee. Subject to credit approval.
2Assumes 20% down
payment and a 48 equal monthly payments with a 4.49% interest rate and fixed 5.12%
Annual Percentage Rate (APR) which includes a $100 documentation fee. Subject to credit approval.
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