Accurate as of November 14, 2018

Second Mortgage Loans

Type: Second Mortgage

Annual Percentage Rate (As low as)

Home Equity Loan
(up to 95% LTV)

5.00%

Home Equity Line
of Credit
(up to 90% LTV)

5.25%

Up to 95% Loan to Value (LTV) is available for purchases to qualified buyers.

Approximate time for most mortgage transactions is 30 days.

 

Vehicle and Boat Loan Rates

Model Year

Term

Annual Percentage Rate (As low as)

2019-2020

Up to 66 months

2.85%

2019-2020

67-75 months

3.35%

2019-2020

76-79 months

3.85%

2019-2020

80-84 months

4.60%

2015-2018

Up to 63 months

3.40%

2015-2018

64-75 months

3.90%

2014 and older

Up to 63 months

3.95%

2014 and older

64-75 months

4.45%

*84 months require a minimum loan of $30,000

Loan rates are in effect as of the date shown. Rates are our lowest available and are subject to change without notice. Rates shown include a .25% discount on secured loans with a loan to value less than 90% and.25% discount for using one of Mid-Illini's automatic payment options. Your rate is determined by individual circumstances and may be higher.

 

Signature or Unsecured Loans

Loan Amount

Term

Annual Percentage Rate (As low as)

Up to $25,000

12 months

8.75%

$1,000.01-$25,000

24 months

9.75%

$2,000.01-$25,000

36 months

10.50%

$3,000.01-$25,000

48 months

11.00%

$5,000.01-$25,000

60 months

11.50%

Loan rates are in effect as of the date shown. Rates are our lowest available and are subject to change without notice. Rates shown include a .25% discount for using one of Mid-Illini's automatic payment options. Your rate is determined by individual circumstances and may be higher.

 

Motorcycle, Scooter, Snowmobile, Personal Watercraft, and ATVs

Loan Amount

Term

Annual Percentage Rate (As low as)

Up to $4,999

Up to 48 months

6.44%

$5,000-$9,999

up to 60 months

5.94%

$10,000 or more

up to 60 months

4.94%

$10,000 or more

up to 72 months

5.65%

Increase rate by .50% for 2015 and older units. Loan rates are in effect as of the date shown. Rates are our lowest available and are subject to change without notice. Rates shown include a .25% discount on secured loans with a loan to value less than 90% and.25% discount for using one of Mid-Illini's automatic payment options. Your rate is determined by individual circumstances and may be higher.

 

Recreational Vehicles

Loan Amount

Term

Annual Percentage Rate (As low as)

up to $24,999

Up to 84 months

5.10%

$25,000-$39,999

Up to 96 months

5.35%

$40,000-$59,999

Up to 108 months

5.60%

$60,000+

Up to 120 months

5.85%

Loan rates are in effect as of the date shown. Rates are our lowest available and are subject to change without notice. Rates shown include a .25% discount on secured loans with a loan to value less than 90% and a .25% discount for using one of Mid-Illini's automatic payment options. Your rate is determined by individual circumstances and may be higher.

 

Secured Loans

Type

Loan Amount

Term

Annual Percentage Rate (As low as)

Loan secured by Mid-Illini funds on deposit

Loan amount based on funds on deposit and credit tier

up to 60 months

5.10%

Loan rates are in effect as of the date shown. Rates are our lowest available and are subject to change without notice. Rates shown include a .25% discount for using one of Mid-Illini's automatic payment options. Your rate is determined by individual circumstances and may be higher.