Loan Rates

 

Home Equity Line of Credit

Rates As Of: 02/02/2012

 

 

 Term

From  

To 

Interest Rate 

APR

10 yr Term 

$500,000 

$999,999 

Prime*

4.00%

10 yr Term 

 $100,000

$499,999 

Prime plus 0.25*

4.00%

10 yr Term 

$5,000

$99,999

Prime plus 0.75*

4.00%

 

 

 

 

 

 

 

 

 

 An early termination fee of $500.00 will be applied to loans closed within the first 24 months of inception.  A one time fee of $45.00 will be charged at closing to monitor payment of real estate property taxes. 

*To qualify for these rates you must have an automatic debit from any of our checking accounts.  The rates above are preferred rates, 0.25% lower than our standard variable rates. Rates without automatic debit: $500,000 to $999,999: Prime + 0.25%; $100,000 to $499,999: Prime + 0.50%; $5,000 to $99,999: Prime + 1%.  Certain Loan To Value requirements apply.  For the Barrington Bank and Trust variable rate Home Equity Line, the Annual Percentage Rate (APR) is a variable rate based on the highest Prime Rate (Prime Rate as of 02/02/2012 is 3.25%) reported in the Money Rates section of the Wall Street Journal (the "WSJ Prime").  The maximum APR for all credits is 21.00%.  The minimum APR is 4.00%.  Consult your tax advisor about the deductibility of interest. Property insurance is required. Offer applies to lines secured by owner-occupied, one-to-four family residences located in the state of Illinois and approval is subject to the bank's underwriting parameters. Offer applies to new Home Equity Line customers only. Making just the required monthly payment of interest only will not reduce the principal balance of the loan and will result in a balloon  payment equal to the sum of all advances when the loan matures.

Call a Personal Banker at 847-842-4500 or 847-381-1715 for other home equity line of credit programs that may be available.

Autos

Rates Effective: 02/02/2012

  NEW CAR RATES LENGTH TERMS

New 2011/2012 - 6.00% APR Up to 60 Months 10% Down

                                

 simple interest; 0.25% discount for automatic debit from any of our checking accounts

 


 USED CAR RATES
MAXIMUM TERM MAXIMUM LOAN AMOUNT

2011 6.00%  APR 60 Months 90% of Black Book Loan Value

                        		 2010 6.25%  APR 48 Months 90% of Black Book Loan Value

                        		 2009 6.50%  APR 42 Months 90% of Black Book Loan Value

                        		 2008 6.75%  APR 36 Months 90% of Black Book Loan Value

                                  
                      

 2007 7.00%  APR 24 Months 90% of Black Book Loan Value

                                  
                      

 simple interest; 0.25% discount for automatic debit from any of our checking accounts

FIXED RATE HOME EQUITY LOAN

Rates Effective: 02/02/2012
                   

Term              Rate                 Discounted 

                                              Rate*



1 - 5 years     6.25% APR        6.00%*APR



6 - 10 years   6.50% APR        6.25%*APR

*0.25% discount for automatic debit from any of our checking accounts

 

Call a Personal Banker at 847-842-4500 or 847-381-1715 for information on other loans we offer.