Personal Banking Loan Rates*

Use the links below to browse our interest rates and Annual Percentage Rates (APRs).

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Home Equity Lines1

Effective November 30, 2016 

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

4.00 – 5.00

2.99 – 5.25

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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

4.00 – 4.75

2.99 – 4.50

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

4.25 – 4.50

2.99 – 4.25

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

4.50

2.99

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 feel 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.

3APR 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 3.50%, which results in an APR of 3.75% to 5.50% on your new EquiFlexSM Home Equity Line. The "floor" is 4%, and the "ceiling" is 18%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation.

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Home Equity Loans

Effective November 30, 2016 

Up To and Including 75% Loan-to-Value 

Amount1 

APR2  

 

$5,000 – $24,999

$25,000 and above

4.00 – 5.75 

3.75 – 5.50

Apply Now 

Apply Now 

75.01% to 80% Loan-to-Value 

$5,000 – $24,999

$25,000 and above

4.50 – 5.75 

4.25 – 5.50

Apply Now 

Apply Now 

80.01% to 85% Loan-to-Value 

$5,000 – $24,999

$25,000 and above

4.50 – 5.25 

4.25 – 5.50

Apply Now 

Apply Now 

85.01% to 90% Loan-to-Value 

$5,000 – $24,999

$25,000 and above

4.75 

4.50

Apply Now 

Apply Now 

Apply online, call 800.241.1749, or visit your nearest branch to apply today.

 
1Based on county of residence: appraisal fees range from $14 to $1,000; title search ranges from $35 to $150; flood certification ranges from $6 to $20; and recording fees range from $45 to $99. Tax monitoring services are $75. Loans >$250,000 incur a one-time, flat $305 fee plus $50 per hundred-thousand over $200,000. Property insurance required. Rates and APRs based on owner-occupied property.

2APR will change based on Prime plus or minus a margin designated by program and plan selected. The APR is indexed to the Prime rate as posted in the Wall Street Journal. As of 11/23/16, Prime is 3.50%. LTVs up to 75% are Prime+0 to Prime+2.00. LTVs between 75.01% and 80.0% are Prime+0.50 to Prime+1.25. LTVs between 80.01% and 85.00% are Prime+0.75 to Prime+1.00. LTVs between 85.01% and 90% are Prime+1.00. Maximum APR is 18.00%.  APR may vary and will be based on your credit qualification, loan amount, repayment term, loan-to-value (LTV), property type and our lien position. 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.

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Home Equity Loan Payment Examples

Examples1 

5-Year Term 

15-Year Term 

Loan Amount

APR2 

# Monthly Payments

Principal and Interest

$50,000

5.00% 

60

$944

$50,000

6.00% 

180

$395

1Assumes 80% loan-to-value (LTV) and equal payments of 60 months or 180 months with a 5.00% and 6.00% Annual Percentage Rate (APR) respectively. Your actual payment may vary based on term, APR, taxes, insurance and other factors. 

2APR will change based on Prime plus or minus a margin designated by program and plan selected. The APR is indexed to the Prime rate as posted in the Wall Street Journal. As of 11/23/16, Prime is 3.50%. LTVs up to 75% are Prime+0 to Prime+2.00. LTVs between 75.01% and 80.0% are Prime+0.50 to Prime+1.25. LTVs between 80.01% and 85.00% are Prime+0.75 to Prime+1.00. LTVs between 85.01% and 90% are Prime+1.00. Maximum APR is 18.00%.  APR may vary and will be based on your credit qualification, loan amount, repayment term, loan-to-value (LTV), property type and our lien position. 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.

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Home Improvement Loans

Effective November 30, 2016 

Amount

Interest Rate

APR

$10,000 - $25,000

5.99 – 6.49

6.11 – 6.79

Apply online, call 800.241.1749, or visit your nearest branch to apply today.

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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 Loans

Effective November 30, 2016 

Amount

Interest Rate

APR

$1,000 - $25,000

6.99 – 7.99

7.16 – 12.04

Apply online, call 800.241.1749, or visit your nearest branch to apply today.

 

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Personal Loan Payment Example

Example 

Loan Amount

APR1 

# Monthly Payments

Principal and Interest

$10,000

7.40%

60

$200.50

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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Auto Loans

Effective November 30, 2016 

All New Vehicles 

Term (Months)

Interest Rate

APR1 

72 

60 

48 

42 

36 

3.39 – 3.79

2.96 – 12.75

2.49 – 12.49

2.25 – 12.25

2.25 – 11.25

3.73 – 4.13

3.36 – 13.19

2.99 – 13.02

2.81 – 12.85

2.90 – 11.93

Used 2016– 2013 Vehicles2 

72 

60 

48 

42 

36 

3.49 – 4.59

2.96 – 13.25

2.49 – 12.59

2.25 – 12.25

2.25 – 11.25

3.83 – 4.93

3.36 – 13.69

2.99 – 13.12

2.81 – 12.85

2.90 – 11.93

Used 2012 – 2009 Vehicles2 

72 

60 

48 

42 

36 

3.99

3.59 – 5.99

3.49 – 14.25

3.25 – 13.99

3.25 – 13.50

4.33

3.99 – 6.40

3.99 – 14.79

3.82  – 14.59

3.91 – 14.19

Used 2008 – 2006 Vehicles2 

60 

48 

42 

36 

4.99

4.49 – 8.59

4.29 – 14.50

3.99 – 13.79

5.40

4.99 – 9.11

4.86  – 15.10

4.65 – 14.48

Used 2005 and Older Vehicles2 

60 

48 

42 

36 

4.99

4.49 – 4.99

4.29 – 5.29

3.99 – 4.99

5.40

4.99 – 5.50

4.86  – 5.86

4.65 – 5.65

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. 

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

$25,000

$5,000

$20,000

2.74%

$440.37

$10,000

$2,000

$8,000

3.11%

$177.46

1Assumes 20% down payment and 48 equal monthly payments with a 2.49% interest rate and fixed 2.74% 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 2.49% interest rate and fixed 3.11% Annual Percentage Rate (APR) which includes a $100 documentation fee. Subject to credit approval.

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