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Loan Interest Rates  

Installment Loan and Home Equity Line of Credit Interest Rates

Select your loan type:


Home Equity Line of Credit

Key Features
80% or Less Loan to Value
Annual Percentage Rate (APR)
Prime + 0.50% ($50,000 or greater)
Prime + 1.10% ($25,000 or $49,999)
Prime + 1.50% ($5,000 or $24,999)
Fully Indexed APR Rate
Equals the current daily published Prime Rate
Closing Costs
$0 for up to $100,000, if no appraisal is required
$445 - $750 for up to $100,000, if an appraisal is required
$445 - $750 for Single Family ($100,001 to $250,000), or
$645 - $950 for 2-4 Family Properties ($100,001 to $250,000)
Minimum Line/Maximum Line
$5,000 - $250,000
Annual Fee
$60 (May be waived, see below.)
Fixed Rate Loan Conversion Option
  • Yes
  • No fee with your first conversion loan request.
  • 1-5 year fixed rates with a maximum amortization terms up to 20 years for 2nd lien home equity line of credit loans using the mortgage refinance conversion loan option.
  • 3 or 5 year fixed rates with maximum amortization terms up to 30 years; or a fully amortized 10 year fixed rate for 1st lien home equity line of credit loans using the mortgage refinance conversion loan option.
  • Fixed rates can be locked at the time of scheduling your line of credit loan closing. Conversion loan rates are based on your lines loan to value and whether the conversion loan is either a first or second lien conversion loan request.

Apply For Your Loan

Looking to Refinance? Check out our Home Equity Line of Credit.

North Shore Bank (Bank) offers a Home Equity Line of Credit (HELOC) loan, with a variable Annual Percentage Rate (APR) as low as a fully indexed rate equal to the current daily published Prime Rate (as published in The Wall Street Journal) + a margin of 0.50% APR. The Bank’s fully indexed HELOC loan has a  ceiling rate (maximum) of 19.90% APR and a Loan to Value (LTV) not to exceed 80%. The actual Bank fully indexed HELOC APR may vary based on: the amount of your credit limit, and whether your monthly HELOC payments are automatically debited from a Bank checking account. Fully indexed rates equal Prime + 0.50% APR for $50,000 - $250,000; Prime + 1.00% APR for $25,000 - $49,999; or Prime + 1.50% APR on lines of $5,000 - $24,999 up to 80% LTV. As of 2/10/2017, Prime rate was 3.75% APR. Ask what the fully indexed current HELOC rate is at time of your application. Without auto-pay from a Bank checking account add .50% APR to the above respective fully indexed HELOC APR’s. Paying the minimum interest only monthly payments will not repay the principal that is outstanding on your line; you will be required to pay the entire outstanding balance in a single payment (balloon payment) at the end of the initial loan term, at the end of any extensions or renewals granted by Bank, or when you terminate the line. Closing costs are an estimated $445 - $950. Closing costs may be waived if HELOC amount does not exceed $100,000 and no appraisal, title, recording or other outside services are required. Annual fee of $60 applies after the first year. Annual fee may be waived if the HELOC loan carries an average balance for the previous 12 months of $10,000 or more, and borrower maintains a Bank checking account with automatic debit of any monthly payment due. A Fixed rate home equity conversion loan option is available up to 100% of your approved HELOC loan amount. Conversion loan rates and terms will vary depending on whether the line of credit is a first or second lien, and they are only available through your line of credit loan conversion option (Maximum of 3 conversions at one time). Selecting an amortization schedule longer than your conversion loan term will result in a balloon payment of the entire outstanding conversion loan balance due in full at the end of your selected conversion loan term. To check current line of credit or conversion loan rates and terms, please contact your nearest branch. If the borrower terminates the loan during the first three years a termination fee will apply; for HELOCs of $17,500 or greater the fee is $350 for HELOCs less than $17,500 the termination fee is $200. Consult tax advisor regarding interest tax deductibility. Valid on qualified owner occupied properties in Bank lending area. Subject to Bank credit qualifications, current property value and loan approval. Property insurance is required; flood and/or title insurance required if applicable on subject property. Offer not valid on existing Bank HELOC loans, or other special HELOC offers.

Installment Loans

Annual Percentage Rate (APR)
2.99% - 6.50%
Loan Repayment Term
12 to 120 months
Minimum Loan Amount
$5,000
Maximum Loan Amount
$250,000
Minimum Monthly Payments
$100
Annual Fee
None
Closing Costs
Varies based on the type of collateral used. Ask for details.

Apply For Your Loan

North Shore Bank (Bank) offers installment loan programs to applicants for auto, personal, boat, RV and miscellaneous loans to applicants residing and collateral located in its Wisconsin / Illinois 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. Rates are subject to change. The above rates are as of 2/10/2017 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 $11.35 to $84.69. Add 3% to the rate for any loan between $2,500 - $4,999. Any loan under $2,500 the rate is 18.00% APR. Minimum monthly payment will not be less than $100. Credit Builder loan not included in above disclosure, ask for details.

Still have questions?  Email Us  |  Visit your neighborhood branch.  |  877.672.2265
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Routing Number: 275071356    Customer Service: 877.672.2265