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Home Equity Line of Credit
Rates As Of: 05/06/2008
Prime Rate is 5.25%
For 10 year term:
| From | To | Interest Rate | APR* |
| $250,000 | And Over | Prime – 1.25% | 4.00% |
| $100,000 | $249,999 | Prime – 1.00% | 4.25% |
| $25,000 | $99,999 | Prime – 0.75% | 4.50% |
| $5,000 | $24,999 | Prime – 0.50% | 4.75% |
The APR’s shown above are preferred rates. These rates are .25% lower than our standard variable rates. To obtain a preferred rate, you must have your monthly Home Equity line payments automatically debited from your NSCB checking account. If for any reason this auto-debit arrangement is terminated during the life of the line, your rate will increase by .25% until maturity. Ask the Bank about checking accounts that qualify for this arrangement.
Typically, we will loan up to 80%** of the value of the home, minus the first mortgage amount.
Other Loans (Construction, Overdraft Protection, Auto)
Contact us for current rates.
*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"). In no event will the corresponding annual percentage rate (APR) be less than 4.00% per annum or more than the lesser of 20.00% or the maximum rate allowed by applicable law. Consult your tax advisor regarding the deductibility of interest. Property insurance is required. Offer applies to loans secured by owner-occupied, one to four family residences located in the State of Illinois.
** 75% if the loan is $1,000,000 or more.
