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 June 21, 2017

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

4.50 – 6.50

4.25 – 6.25

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

5.00 – 6.00

4.75 – 5.50

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

5.25 – 5.50

5.00 – 5.25

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

5.50

5.25

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. 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 4.25%, which results in an APR of 4.25% to 6.50% 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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Home Equity Loans

Effective June 21, 2017

Five Year Term

Amount

Interest Rate

APR1

$5,000 - $24,999

5.25 – 5.90

6.07 – 6.73

$25,000 - $99,999

5.00 – 5.90

5.81 – 6.71

$100,000 and above

4.75 – 5.90

5.21 – 6.36

Ten Year Term

Amount

Interest Rate

APR1

$5,000 - $24,999

5.50 – 6.75

5.94 – 7.20

$25,000 - $99,999

5.25 – 6.75

5.68 – 7.19

$100,000 and above

5.00 – 6.75

5.24 – 7.00

Fifteen Year Term

Amount

Interest Rate

APR1 

$5,000 - $24,999

5.75 – 6.57

6.06 – 6.89

$25,000 - $99,999

5.50 – 6.57

5.80 – 6.88

$100,000 and above

5.25 – 6.57

5.42 – 6.75

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

1Annual Percentage Rate (APR) shown is available as of 5/3/17 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 6.06% APR with 90% LTV is $127.07 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 5.80% APR with 90% LTV is $520.68 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 5.42% APR with 90% LTV is $894.13 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 Loans

Effective June 21, 2017

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 June 21, 2017

Amount

Interest Rate

APR

$1,000 - $25,000

6.99 – 8.99%

7.17 – 13.10

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

7.42%

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 June 21, 2017

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. 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

2.99%

$177.04

$10,000

$2,000

$8,000

4.99%

$184.20

1Assumes 20% down payment and 48 equal monthly payments with a 2.49% interest rate and fixed 2.99% 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 4.99% Annual Percentage Rate (APR) which includes a $100 documentation fee. Subject to credit approval.

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