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Loan Interest Rates
Select your loan type:
Home Equity Line of Credit
| Key Features |
85% or Less Loan to Value |
86% to 100% Loan to Value |
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Annual Percentage Rate (APR)
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Prime - .50% ($50,000 or greater)
Prime + 0.00% ($25,000 or $49,000)
Prime + .50% ($5,000 or $24,999) |
Prime + .50% ($50,000 or greater)
Prime + 1.00% ($25,000 or $49,000)
Prime + 1.50% ($5,000 or $24,999) |
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Closing Costs
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$0 (up to $150,000)
$65 to $200 (up to $500,000) |
$0 (up to $100,000) |
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Minimum Line
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$5,000 minimum line |
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Annual Fee
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$0 (Ask us how!) |
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Fixed Rate Loan Conversion Option
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- Yes
- 3-20 year repayment term
- Current fixed rates at time of request based on Loan To Value of home
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Looking to Refinance? Check out our best rate Home Equity Line of Credit.
* North Shore Bank (Bank) offers on a new Bank Home Equity Line of Credit (HELC) loan, a variable monthly Annual Percentage Rate (APR) as low as .50% under Prime for life of a HELC loan of $50,000 or greater up to 85% Loan to Value (LTV). The actual Bank HELC APR may vary, as it is based on the current Prime Rate published daily minus or plus a margin based on; the amount of your HELC loan credit limit; LTV, and auto-pay from a Bank checking account. Prime - .50%APR for $50,000 or greater; Prime + 0%APR for $25,000 - $49,999; or Prime + .50%APR on lines of $5,000 - $24,999 up to 85% LTV. As of 05/01/2008, Prime Rate was 5.00%APR. Ask what the current prime rate is at application. For HELC loans 86-100%LTV, APR's range from Prime + .50% to + 1.50%APR, based on the above HELC APR criteria. Without auto-pay from Bank checking account add .50% to the above respective HELC APR based on HELC credit limit and LTV. Paying minimum interest only monthly payments will result in a balloon payment due. No closing costs on a HELC loan up to $150,000 of 85%LTV or less, or $100,000 from 86-100%LTV. Annual fee of $50 applies after the first year, unless the HELC loan carries an average 12-month annual balance of $10,000 or more, then annual fee is $0. A Fixed rate conversion loan option is available up to 100% of approved HELC amount. Early termination fee of $350 the first 3 years. Maximum 19.9%APR. Minimum 4%APR. Consult tax advisor regarding interest tax deductibility. For higher loan request at 85% or less LTV call for terms and any applicable costs. Valid on owner occupied properties in Bank lending area. Subject to Bank credit qualifications and approval. Property, flood and/or title insurance required if applicable on subject property. This offer not valid on existing Bank HELC loans, or with any other special loan offers.
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Fixed Rate Home Equity Loans
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85% or Less Loan to Value
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86% to 100% Loan to Value
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Annual Percentage Rate (APR)
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6.75% - 7.25% |
7.75% - 8.25% |
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Loan Repayment Term
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3 to 20 Years
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3 to 15 Years
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Minimum Loan Amount
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$5,000 |
$5,000 |
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Maximum Loan Amount
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$500,000 |
$100,000 |
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Minimum Monthly Payments
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$100 |
$100 |
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Annual Fee
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None
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None
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Closing Costs
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$125 - $150 (estimate)
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$125 - $150 (estimate)
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*North Shore Bank (Bank) offers Home Equity loan programs to applicants on 1-2 family owner occupied properties located in it's Wisconsin market areas. Rates, terms, and features are for new loans, based on the actual loan to value (LTV) of the subject property up to 100% of current value, with repayment terms from 3 - 20 years. If loan term is not a fully amortized loan, a balloon payment will be due at loan maturity. Rates are subject to change. The above rates are as of 05/01/2008 and may have changed. To check current rates, please contact our nearest branch, or call 24/7 toll free, 1-800-292-9370. For LTV of 85% or less the monthly payment per $1,000 borrowed ranges from $7.60 to $30.99; for LTV of 86-100% the monthly payment per $1,000 borrowed ranges from $9.41 - $31.45. Add 3% to the rate for any loan between $2,500 - $4,999. Any loan under $2,500 the rate is 18% APR.
Installment Loans
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Annual Percentage Rate (APR)
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6.75% to 9.25% |
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Loan Repayment Term
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12 to 120 months
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Minimum Loan Amount
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$5,000 |
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Maximum Loan Amount
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$100,000 |
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Minimum Monthly Payments
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$100 |
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Annual Fee
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None
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Closing Costs
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Varies based on the type of collateral used. Ask for details.
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*North Shore Bank (Bank) offers other installment loan programs to applicants for auto, personal, boat, RV and miscellaneous loans to applicants residing and collateral located in its Wisconsin market areas. Rates, terms, and features are for new loans, based on the type of equity and collateral offered, with repayment terms from 1 - 10 years. If loan term is not a fully amortized loan, a balloon payment will be due at loan maturity. Rates are subject to change. The above rates are as of 05/01/2008 and may have changed. To check current rates, please contact our nearest branch. Based on the type of loan and repayment plan selected the monthly payment per $1,000 borrowed will range from $11.48 to $87.57 Add 3% to the rate for any loan between $2,500 - $4,999. Any loan under $2,500 the rate is 18% APR.
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Still have questions? We can help.
- E-mail us.
- Call us at 877.672.2265.
(8:30 am until 7:00 pm CST, Monday through Friday, 9:00 am until 5:00 pm CST, Saturdays, & 10:00 am until 3:00pm CST, Sundays)
- Stop by your neighborhood branch.
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