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Happy man taking control of his debt with a First Midwest Bank Express Personal Loan
TAKE CONTROL OF YOUR DEBT.

Consolidate your debt to one monthly payment at one fixed, low rate.1

Start Now

Reset Your Debt With An Express Personal Loan

Our unsecured Express Personal Loan has a fixed APR as low as 5.16%.2 You may be able to save money compared to high-interest debt and lower your monthly payments.

  • Borrow up to $25,0001 to consolidate high-interest debt
  • Get one monthly payment at one low, fixed rate
  • Receive funds within 24 hours3
  • Enjoy our easy application process

Apply Today

 

 

What would my monthly payment5 be?

36 Month Loan
Loan Amount Monthly Payment6 Interest Rate6 APR
$10,000 $304.73 4.99% 5.95%
$25,000 $755.07 4.99% 5.37%
$35,000 $1,055.30 4.99% 5.26%

Loan Amount Monthly Payment7 Interest Rate7 APR
$10,000 $318.97 7.99% 8.97%
$25,000 $790.36 7.99% 8.38%
$35,000 $1,104.61 7.99% 8.26%
84 Month Loan
Loan Amount Monthly Payment8 Interest Rate8 APR
$10,000 $148.57 5.99% 6.44%
$25,000 $368.14 5.99% 6.17%
$35,000 $514.52 5.99% 6.12%

Loan Amount Monthly Payment9 Interest Rate9 APR
$10,000 $161.22 8.49% 8.95%
$25,000 $399.47 8.49% 8.67%
$35,000 $558.31 8.49% 8.62%

 

Happy couple consolidating there debt into one monthly payment

How Does Debt Consolidation Work?

By finding an interest rate lower than you are currently paying on your outstanding debt, you may save money. The key steps:

  • Find a loan that has a rate favorable to you
  • Use the loan to pay down current high-interest debts
  • Going forward, you have one monthly payment at a low, fixed rate
More About Debt Consolidation

Talk with a Banker for a Rate Quote

 

EASY PERSONAL LOAN APPLICATION

Apply Now

LET'S MAKE THIS YEAR BRIGHTER

We are here to build momentum for our clients and our communities.

1 Subject to credit approval. Minimum loan amount is $5,000. Completing an application may affect your FICO score.
2 Applicants must meet minimum credit score requirements and meet other conditions. Annual Percentage Rates (APR) range from 5.16% to 16.31%. Rates are based on credit criteria and other factors such as the term of the loan selected. Rates are accurate as of 12/2/2020 and subject to change daily. Contact your First Midwest Banker for our current rates.
3 During regular business hours. Based on client response time and/or client preference.
4 The example provided is based on an existing credit card balance of $25,000 and outstanding loan interest at a fixed Annual Percentage Rate (APR) of 14.92% with a minimum monthly payment of $750.00 (minimum payment is 3% of outstanding balance and will go down over time) and with no additional charges. (Source: U.S. News average credit card APR as of 12/1/20). First Midwest Personal Loan example assumes loan amount of $25,000 at fixed 6.17% APR, repaid in 84 monthly payments of $368.14 with no additional charges during that period. The Annual Percentage Rate for your Express Personal Loan will depend on your credit criteria. Individual interest savings will vary. Loan is subject to credit approval.
5 The payment examples shown assume an excellent FICO score (800+). The $10,000 loan amount is repaid with 84 monthly payments of $148.57 at a fixed interest rate of 5.99% and APR of 6.44%; APR includes $150 documentation fee. $25,000 loan amount is repaid in 84 monthly payments of $368.14 at a fixed interest rate of 5.99% and an APR of 6.17%; APR includes $150 documentation fee. $35,000 loan amount is repaid in 84 monthly payments of $514.52 at a fixed interest rate of 5.99% and an APR of 6.12%; APR includes $150 documentation fee. Rates are accurate as of 12/2/2020 and subject to change daily.
6 The payment examples shown assume an excellent FICO score (800+).The $10,000 loan amount is repaid with 36 monthly payments of $304.73 at a fixed interest rate of 4.99% and APR of 5.95%; APR includes $150 documentation fee. $25,000 loan amount is repaid in 36 monthly payments of $755.07 at a fixed interest rate of 4.99% and an APR of 5.37%; APR includes $150 documentation fee. $35,000 loan amount is repaid in 36 monthly payments of $1,055.30 at a fixed interest rate of 4.99% and an APR of 5.26%; APR includes $150 documentation fee. Rates are accurate as of 12/2/2020 and subject to change daily.
7 The payment examples shown assume a good FICO score (740-759). The $10,000 loan amount is repaid with 36 monthly payments of $318.97 at a fixed interest rate of 7.99% and APR of 8.97%; APR includes $150 documentation fee. $25,000 loan amount is repaid in 36 monthly payments of $790.36 at a fixed interest rate of 7.99% and an APR of 8.38%; APR includes $150 documentation fee. $35,000 loan amount is repaid in 36 monthly payments of $1,104.61 at a fixed interest rate of 7.99% and an APR of 8.26%; APR includes $150 documentation fee. Rates are accurate as of 12/2/2020 and subject to change daily.
8 The payment examples shown assume an excellent FICO score (800+).The $10,000 loan amount is repaid with 36 monthly payments of $304.73 at a fixed interest rate of 4.99% and APR of 5.95%; APR includes $150 documentation fee. $25,000 loan amount is repaid in 36 monthly payments of $755.07 at a fixed interest rate of 4.99% and an APR of 5.37%; APR includes $150 documentation fee. $35,000 loan amount is repaid in 36 monthly payments of $1,055.30 at a fixed interest rate of 4.99% and an APR of 5.26%; APR includes $150 documentation fee. Rates are accurate as of 12/2/2020 and subject to change daily.
9 The payment examples shown assume a good FICO score (740-759). The $10,000 loan amount is repaid with 84 monthly payments of $161.22 at a fixed interest rate of 8.49% and APR of 8.95%; APR includes $150 documentation fee. $25,000 loan amount is repaid in 84 monthly payments of $399.47 at a fixed interest rate of 8.49% and an APR of 8.67%; APR includes $150 documentation fee. $35,000 loan amount is repaid in 84 monthly payments of $558.31 at a fixed interest rate of 8.49% and an APR of 8.62%; APR includes $150 documentation fee. Rates are accurate as of 12/2/2020 and subject to change daily.