Personal Banking Loan Rates*

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

Looking for our deposit rates? Click here. 

Mortgage Rates

Please contact a Residential Lender for our most current rates and to get your free, personalized rate quote.

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Home Equity Lines

Effective August 24, 2016 

Up To and Including 75% Loan-to-Value 

Amount1 

Interest Rate

APR2 

 

$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

Apply Now 

Apply Now 

75.05% 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.

1An 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.

2APR 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 August 24, 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 based on your loan-to-value (LTV), your approved line amount, and credit criteria. 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

APR

# Monthly Payments

Principal and Interest

$50,000

5.00% 

60

$944

$50,000

6.00% 

180

$395

1 Assumes 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.

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Home Improvement Loans

Effective August 24, 2016 

Amount

Interest Rate

APR1 

$10,000 - $25,000

Prime + 2.74 to Prime + 3.24

5.99 – 6.49

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

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Home Improvement Loan Payment Examples

Examples 

Prime + 2.74 Interest Rate 

 

Prime + 3.24 Interest Rate 

Loan Amount

APR1 

# Monthly Payments

Principal and Interest

$20,000

6.15% 

84

$293.54

$20,000

6.65% 

84

$297.85

1Annual Percentage Rate (APR) is based on Prime + 2.74% or Prime + 3.24% and $100 Documentation Fee. Prime is currently 3.50% as listed in the Wall Street Journal as of 12/17/2015. Subject to credit approval. We reserve the right to modify or withdraw the offer at any time. 

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Personal Loans

Effective August 24, 2016 

Amount

Interest Rate

APR1 

$1,000 - $25,000

Prime+3.74 to Prime+4.74

6.99 – 7.99

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

1Subject to credit approval. Offer may be modified or withdrawn at any time.

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Personal Loan Payment Examples

Examples 

Prime + 3.74 Interest Rate 

Loan Amount

APR1 

# Monthly Payments

Principal and Interest

$10,000

7.16%

60

$200.52

17.16% fixed Annual Percentage Rate (APR) is based on Prime + 3.49% and $100 Documentation Fee. Prime is currently 3.50% as listed in the Wall Street Journal as of 12/17/15. Subject to credit approval.

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Auto Loans

Effective August 24, 2016 

2015 and Newer Vehicles 

Term (Months)

Interest Rate

APR1 

72 

66 

60 

48 

36 

5.00 – 8.75

4.50 – 8.25

3.74 – 7.14

2.25 – 5.74

2.25 – 5.74

5.35 – 9.12

4.87 – 8.64

4.14 – 7.56

2.74 – 6.25

2.89 – 6.40

Used 2015– 2011 Vehicles 

66 

60 

48 

36 

4.50 – 8.35

3.74 – 7.24

2.25 – 5.75

2.25 – 5.75

4.87 – 8.74

4.14 – 7.66

2.74 – 6.26

2.89 – 6.41

Used 2010 and Older Vehicles2 

48 

36 

7.73 – 13.58

7.73 – 13.58

8.25 – 14.13

8.40 – 14.28

Call 800.241.1749 or visit your nearest branch to apply today.

1APR based on hypothetical loan amount of $10,000 with $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 all used vehicles.

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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

2.50%

$439

$10,000

$2,000

$8,000

2.86%

$177

1Assumes 20% down payment and 48 equal monthly payments with a 2.25% interest rate and 2.50% Annual Percentage Rate (APR) which includes a $100 documentation fee.

2Assumes 20% down payment and a 48 equal monthly payments with a 2.25% interest rate and 2.86% Annual Percentage Rate (APR) which includes a $100 documentation fee.

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